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Nigeria


AfCFTA: concern over dumping mounts as trade deficit widens
The fears that Nigeria might become a dumping ground for manufactured goods, especially with the advent of the AfCFTA, has heightened as Nigeria’s Trade in Goods Statistics show rising deficit in manufactured goods trade.
D-8 nations should sign PTAs
Nations of the D-8 should sign a much-needed preferential trade agreement to remove tariff and non-tariff barriers, ministers and entrepreneurs of the trade bloc said.
Shell files arbitration claim against Nigeria over spill dispute
ROYAL Dutch Shell Plc launched arbitration proceedings against the Nigerian government over a long-running community dispute.
UK-Africa trade: What will Brexit change?
UK has already inked post-Brexit trade deals with 13 African countries. These new agreements, which offer duty-free and quota-free access to British markets, aren’t much different to the old ones, as they are mainly transferring the conditions in the EU deals into bilateral agreements between the UK and the African nation, or blocs.
Nigeria: Dangote leveraging expansion under AfCFTA
Dangote Industries Limited has stated that its cement expansion plan and fertiliser investments will open new trade routes for the company and Nigeria under the trade deal.
‘No African nation yet to meet AfCFTA requirements’
The Chartered Institute of Arbitrators (CIArb) said no nation had met the requirements for the implementation of the African Continental Free Trade Agreement (AfCFTA), despite the political will to get the pact ratified in good time.
OPL245 scandal: Coalition urges World Bank group not to protect oil giants
The groups said they are concerned about the ICSID’s long-standing failure to promulgate clear rules for addressing cases where corruption has been alleged.
Nigeria ratifies membership of AfCFTA
The Nigerian government ratified the country’s membership of the African Continental Free Trade Area Agreement.
OPL 245: Nigeria must resist Eni’s legal bullying, says group
The Human and Environmental Development Agenda, Re:Common, Global Witness, and Corner House, have called on the Nigerian government to stand against Eni’s legal move over the oil processing license (OPL) 245.
Eni seeks World Bank arbitration in Nigeria oilfield dispute
Eni plans to argue that the country’s failure to allow it to exploit an oilfield it acquired with Royal Dutch Shell nearly a decade ago breaches their investment agreement.
AFCFTA: Rules of origin negotiations at concluding stages
Nigeria has negotiated and almost concluded the rules of origin to pave way for Nigeria’s ratification of the African Continental Free Trade Agreement (AfCFTA).
Nigeria seeks review of investment agreement with Canada
Nigeria’s High Commissioner to Canada has called for the review of the investment agreement between Nigeria and Canada.
Nigeria set to ratify AfCFTA agreement – Minister
Nigeria is currently in the process of ensuring the ratification of the African Continental Free Trade Area (AfCFTA) agreement, the minister of trade, Niyi Adebayo, said.
Nigeria begins reforms of international investment agreements
Nigeria is undertaking series of reforms of the country’s bilateral investment treaties to attract responsible, inclusive, balanced and sustainable investments.
Nigeria can’t survive AfCFTA with weak industrialisation – Gbajabiamila
For Nigeria to compete and survive in the African Continental Free Trade Area, it must as a matter of national emergency ramp up industrialisation and manufacturing activities, the Speaker, House of Representatives, Femi Gbajabiamila, has said.
Business leaders, others seek delay in AfCFTA’s implementation
Some members of the organised private sector and experts in international trade in Nigeria have called for the postponement of the take-off of the African Continental Free Trade Area agreement
Nigeria and the implementation of the AfCFTA: Key issues and policy options
Nigeria’s trade and industrial priorities should be embedded in the ongoing dialogue for AfCFTA implementation strategies.
Nigeria signed 28 investment agreements in 16 years – Official
The model used for negotiation of Nigeria’s investment agreements was reviewed between 2014 and 2016 to balance investor’s rights with obligations.
MAN kicks as Nigeria’s priority products are omitted from AfCFTA’s sensitive, exclusive lists
Despite being a major market in West Africa, Nigerian manufacturers have kicked against the exclusion of Nigeria’s priority products from the sensitive and exclusive lists of the African Continental Free Trade Area agreement.
African Free Trade Agreement: Nigeria issues strong warning
Minister of Industry, Trade and Investment, Adeniyi Adebayo, has warned that Nigeria will not tolerate smuggling and importation of substandard products.