Nigeria’s Non-Oil Exports Surge Nearly 20% in H1 2025 Driven by Cocoa and Urea Demand
Nigeria’s non-oil exports rose by 19.6% to $3.225 billion in the first half of 2025, compared to $2.7 billion during…
Category: Trade
Nigeria to Launch Industrial Policy to Boost Manufacturing, Reduce Raw Material Exports
The Federal Government of Nigeria is finalizing a new comprehensive Nigerian Industrial Policy aimed at reducing the country’s heavy reliance…
US Tariff Hike Prompts Nigerian Insurance Sector to Strengthen Risk Management Amid Export Pressure
The Nigerian insurance industry has been advised to bolster its risk management frameworks in response to a 15% tariff imposed…
Africa Creative Market 2025 to Drive Export Growth and Global Investment
The Africa Creative Market (ACM) has announced that its 2025 edition will be centered on expanding Africa’s creative exports and…
Trump Raises Nigerian Import Tariffs to 15% Amid Escalating Trade Disputes
U.S. President Donald Trump signed an executive order on July 31 increasing tariffs on Nigerian imports from 14 to 15…
Trump Tariffs Shake Indian Markets, Threaten Growth Outlook
Indian financial markets faced turbulence on Thursday after U.S. President Donald Trump imposed unexpectedly steep 25% tariffs on Indian goods.…
Naira Strengthens Amid Forex Oversupply and Security Clampdown — CBN Policies, Investor Confidence Drive Stability
Currency traders have cited a significant oversupply of dollars in the Nigerian forex market, combined with the efforts of security…
Cedi Surges 40.7% Against Dollar in 2025, Driven by Strong Fundamentals and Investor Confidence
The Ghanaian cedi has posted a remarkable recovery in 2025, appreciating by 40.7% against the US dollar within the first…
India Stays Calm Amid U.S. Trade Deadline Pressure, Leveraging Strategic Partnerships
As the August 1 deadline for a U.S.-India trade deal approaches—after which tariffs are set to rise to 26%, India…
Japan Confirms Forex Excluded from US Trade Deal, Eases Yen Pressure Concerns
Japanese Finance Minister Katsunobu Kato announced that the recent bilateral trade agreement between Japan and the United States does not…
Nigeria Targets $1 Trillion Economy by 2030 Through “Nigeria First” Policy and Investment Drive
The Federal Government of Nigeria has reaffirmed its commitment to achieving a $1 trillion economy by 2030 through a comprehensive…
BRICS Tariff Threat: MAN Says US Action Could Spur Intra-African Trade, But Warns of Manufacturing Setback
The Manufacturers Association of Nigeria Export Promotion Group (MANEG) has weighed in on the United States’ proposed trade tariffs targeting…
Global Markets Dip as Trump Threatens New Tariffs on EU and Mexico
Wall Street and European share futures slipped slightly in early Asian trading on Monday after former U.S. President Donald Trump…
Stakeholders Rally Behind Intra-African Trade to Drive Economic Growth and Industrialisation
Nigeria is intensifying efforts to accelerate the implementation of the African Continental Free Trade Area (AfCFTA) to unlock business opportunities…
US Consulate Celebrates 249th Independence Day in Lagos, Strengthens Economic Ties with Nigeria
In a vibrant ceremony held at the U.S. Consul General’s Residence in Lagos, the United States Consulate marked its 249th…
Treasury Yields Dip as Trump’s $3.9 Trillion Spending Bill Awaits Senate Decision
U.S. Treasury yields edged lower on Monday morning as market participants closely watched developments surrounding President Donald Trump’s proposed spending…
Global investment decline may worsen due to tariffs, UN trade agency warns
Global foreign direct investment (FDI) declined for the second year in a row in 2024, and projections for 2025 indicate…
NGX, SEC Strengthen Ties with China to Boost Cross-Border Capital Market Investments
The Nigerian Exchange Group (NGX) and the Securities and Exchange Commission (SEC) are intensifying efforts to position Nigeria as a…
Global Trade Rattled as Israel-Iran Conflict Drives Oil Prices and Inflation Surge
The renewed hostilities between Israel and Iran have ignited fresh concerns across global energy markets, with oil prices climbing to…
Afreximbank Projects $44 Billion in Trade Deals at IATF 2025 in Bold Push for Intra-African Growth
The African Export-Import Bank (Afreximbank) is forecasting over US$44 billion in trade and investment agreements at the upcoming Intra-African Trade…
Global Economy Slows to Weakest Pace Since 2008, Warns World Bank
The global economy is expected to grow at its slowest rate since 2008—excluding periods of global recession—due to increasing trade…
Nigeria’s FX Market Soars with $5.96bn Boost, Driven by Local Export and Import Surge
Nigeria’s foreign exchange market witnessed a major uplift in May 2025, with total inflows jumping by 62% month-on-month to reach…
Naira Holds Firm Below N1,600 as Market Optimism Grows Despite Global Dollar Jitters
The Nigerian naira maintained a relatively strong position below the N1,600/$ mark during the recent holiday period, trading within a…
US-China Trade Talks Enter Day Two Amid Tension Over Tech and Tariffs
Trade negotiations between the United States and China resumed in London for a second day, with both sides aiming to…
Dollar Edges Up Amid Weak U.S. Data; Euro Holds Steady Before ECB Decision
The U.S. dollar showed modest gains on Wednesday, recovering from earlier losses caused by disappointing economic data. The latest report…
Oil Dips Over 1% as Surging U.S. Fuel Stocks Overshadow Crude Draw and Demand Fears Rise
Oil prices fell by just over 1% on Wednesday following the release of U.S. government data revealing a sharp and…
Wall Street Edges Up as Tech Gains Offset Economic and Tariff Concerns
U.S. stock markets saw modest gains on Wednesday, buoyed by strength in technology shares despite a slew of troubling economic…
U.S. Labor Market Shows Signs of Softening Amid Tariff Uncertainty
The U.S. labor market is exhibiting signs of easing as job openings rose modestly in April, but layoffs experienced their…
US and India Edge Closer to Trade Deal Amid Intensifying Negotiations
The United States and India are making notable strides toward finalizing a long-anticipated trade agreement, according to U.S. Commerce Secretary…
U.S. Court Blocks Trump’s Tariffs, Boosting Global Markets and Dollar
Asian stock markets and U.S. futures surged following a ruling by the Manhattan-based Court of International Trade that blocked President…