Nigeria, Ghana, Côte d’Ivoire, Cameroon form alliance to end raw cocoa exports
For decades, the story of African cocoa has been one of missed opportunity: the continent grows the vast majority of…
Category: Trade
US Demand for Nigerian Goods Falls as Trade Deficit Hits N1.63 Trillion in Q1 2026
Nigeria’s trade relationship with the United States took a significant turn in the first quarter of 2026, as demand for…
Nigeria Imports N654.94bn Worth of Goods from Africa in Q1 2026 — South Africa, Angola, Egypt Lead Trade Surge
Nigeria’s African Imports Hit N654.94bn in Q1 2026 as South Africa Tops Trade Partners Nigeria’s import trade with African countries…
West African Ports Vital to Global Economic Survival, Says NPA Boss
The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has emphasized that West African ports play a…
Nigeria Pushes for Fairness in Global Net-Zero Shipping Drive at IMO Talks
Nigeria has urged the international maritime community to ensure fairness and equity as the global shipping industry moves toward net-zero…
Nigeria records surge in foreign currency tax receipts to N6.33 trillion
Nigeria recorded a significant rise in foreign currency-denominated tax collections in 2025, as total receipts climbed to N6.33 trillion. According…
Nigeria Export Trade Struggles: Federal Constraints Undermine ₦128bn State Export Investments
Nigeria’s ambition to boost non-oil exports is facing a major setback as federal-level trade bottlenecks continue to choke progress, even…
Nigeria Imports 61.7 Million Barrels of US Crude Amid Rising Oil Exports and Local Refining Gap
Nigeria imported about 61.7 million barrels of crude oil from the United States between January 2024 and January 2026, highlighting…
Duplication of Single Window System in NCS Act Threatens Cargo Clearance Efficiency
Licensed customs agents have raised alarms over what they describe as the duplication of the National Single Window (NSW) system…
WTO Reform Talks in Cameroon Face Global Trade Breakdown Risk
Trade ministers from around the world have gathered in Yaoundé, Cameroon, for a high-stakes four-day summit aimed at reforming the…
Nigeria’s Imports from Europe Plunge 23% as Asia, Especially China, Take the Lead
Nigeria’s imports from Europe fell sharply by N5.36 trillion in 2025, highlighting a shift in the country’s trade patterns toward…
Nigeria Secures £746M UK Financing to Modernize Lagos Ports – Boost for Trade and Economy
Nigeria has secured a £746 million financing agreement with the United Kingdom to modernize its key Lagos ports, the Apapa…
China, US, and Key Global Players Dominate Nigeria’s N17.25 Trillion Import Market in Q4 2025
Nigeria’s import trade in the fourth quarter of 2025 remained heavily concentrated, underlining the country’s continued reliance on foreign suppliers…
China, US Lead Nigeria’s N17.25 Trillion Import Market in Q4 2025
Nigeria’s import market remained heavily concentrated in the fourth quarter of 2025, with a small group of countries supplying the…
FG Targets 15% Trade Cost Reduction with New Industrial Policy to Boost Made-in-Nigeria Exports
The federal government has rolled out an ambitious industrial policy aimed at reducing trade costs in Nigeria by at least…
CBN Remains Sole Authority on Exchange Rates for Trade, Clarifies Nigeria Customs
The Nigeria Customs Service (NCS) has clarified that it does not independently set or adjust exchange rates used for import…
Nigeria Records $10.83bn Trade Surplus in 2025 Amid Rising Exports
Nigeria achieved a trade surplus of $10.83 billion in the first nine months of 2025, as exports of $44.06 billion…
Nigeria to Deploy 22 New Cargo Scanners by Q3 2026 to Boost Trade Modernisation
Nigeria’s trade modernisation drive is set to gain fresh momentum as the Trade Modernisation Project (TMP) Limited announced plans to…
CBN Allows Banks to Accept Expired NAFDAC Licences for Imports Until February 2026
The Central Bank of Nigeria (CBN) has announced a temporary two-month allowance enabling authorised dealer banks (ADBs) to accept expired…
Nigeria’s Exports to Africa Surge 14% in H1 2025, Fuel Leads Trade Growth
Nigeria’s exports to Africa surged 14% in the first half of 2025, reaching N4.82 trillion, up from N4.21 trillion in…
French Wine Tariffs Spark European Market Sell-Off as Trump Threatens 200% Duty
European stocks fell sharply on Tuesday as markets reacted to President Donald Trump’s escalating trade threats targeting key European nations.…
Nigeria Achieves Global Quality Recognition, Boosting Exports to 140 Countries
Nigeria has achieved a major milestone in global trade after the Nigerian National Accreditation System (NINAS) received international recognition. This…
Afreximbank Aims to Boost African Trade to $40 Billion Under AfCFTA
Afreximbank has set an ambitious target of $40 billion to accelerate intra-African trade and industrialisation under the African Continental Free…
Nigeria’s Trade with Africa Surges 14% as Regional Ties Strengthen
Nigeria’s trade with other African countries has grown by 14% in the first half of 2025, highlighting the impact of…
High Clean-Tech Tariffs Threaten Africa’s Renewable Energy Growth, UNCTAD Warns
Africa’s ambitious shift toward 100% renewable energy is at risk due to high tariffs on clean technologies and persistent trade…
AfCFTA Boost: Africa Trade Engine to Close $50 Billion Import Gap and Drive Local Manufacturing
TRT Manufacturing and TradeDepot have unveiled the Africa Trade Engine (ATE), a groundbreaking initiative designed to tackle Africa’s $50 billion…
FG Targets Under-7-Day Cargo Clearance at Nigerian Ports by 2026 – Shettima Unveils Port Efficiency Reforms
The Federal Government has set a bold target to reduce cargo clearance time at Nigerian ports to less than seven…
Nigeria’s National Single Window Project to Slash Cargo Clearance Costs and Boost Trade Compliance
The Registrar of the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), Mr. Kingsley Igwe, has revealed that…
Importers Face Rising Costs as U.S. Tariffs on Chinese-Built Ships Add $3.2 Billion to Global Freight Charges
Importers around the world, including Nigeria, are bracing for higher shipping and clearing costs as the United States introduces new…
Nigeria, Japan Forge Partnership to Boost Mining Investments and Mineral Processing
Nigeria and Japan have agreed to deepen cooperation in the mining sector as both nations seek to unlock investment opportunities…