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Nigeria

EU woos Nigeria with elaborate trade deal
5-Jul-2024 Business Day
The European Union urged Nigeria to reconsider its position on the Economic Partnership Agreement to boost trade relations with the EU.
Dangote Refinery opens opportunity for shipping business, AfCFTA
25-Jun-2024 Business Day
Dangote Refinery is positioning Nigeria for the AfCFTA, which is also creating new trade opportunities between Nigeria and African countries.
Nigeria strengthens partnership with UAE to boost economy
25-Jun-2024 The Guardian (Nigeria)
Discussions on the Comprehensive Economic Partnership Agreement between Nigeria and the United Arab Emirates are advancing.
Taiwan seeks renewal of trade pact with Nigeria after 33 years
2-May-2024 Daily Trust
Taiwan urges Nigeria to renew their 1991 investment protection agreement to foster a safer investment climate between both nations. With Taiwan’s trade totaling $1bn in 2022, the country aims to expand its presence in areas such as technology, education, and agriculture.
Nigeria, UK to sign enhanced trade investment partnership agreement on Tuesday
14-Feb-2024 Arise News
Governments of Nigeria and the United Kingdom will, on Tuesday, sign the Enhanced Trade Investment Partnership (ETIP) Agreement to not just boost its trade volume but also reduce market access and regulatory barriers discouraging people from investing in either of both nations.
FG approves investment agreement with UAE
22-Jan-2024 Business Day
The Federal Government has approved the ratification of the Investment Promotion and Protection (IPPA) agreements between Nigeria and the United Arab Emirates (UAE).
Customs, AfCFTA lament low intra-African trade volume
11-Jan-2024 The Guardian
The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, has lamented the low trade volume in Africa and the stagnant growth in the continent’s trade.
Abuja agrees to settlement with ENI over OPL 245
24-Nov-2023 Africa Intelligence
The battle over block OPL 245 between Nigeria and Italian major ENI was suspended on 16 November.
Nigeria may miss October trading date for AfCFTA
26-Oct-2023 The Guardian
From all indications, Nigeria may likely fail in its bid to commence trading in the African Continental Free Trade Area (AfCFTA), under the Guided Trade Initiative (GTI).
Despite AfCFTA, Nigeria’s intra-African trade down 12%
12-Jul-2023 The Niche
Nigeria’s intra-African trade value dipped 11.95 per cent year-on-year (YoY) from N956.93 billion in the first quarter of 2022 (Q1 2022) to N842.6 billion in Q1 2023, despite operation of the African Continental Free Trade Area (AfCFTA) since 2021.
Lekki deep sea port promotes AFCFTA gains, but local communities seek environmental protection
12-Jul-2023 Premium Times
The Lekki Deep Sea Port seeks to position Nigeria for the big gains of the African Continental Free Trade Area (AFCFTA), competitive transhipment, and status upgrade, but local communities want a share of this prosperity and protection.
Nigeria’s intra-African trade dips 12% to ₦842.6bn in Q1’ 2023 – NBS
3-Jul-2023 TV360 Nigeria
Nigeria’s intra-African trade has continued to underperform expectations despite the commencement of the African Continental Free Trade Area (AfCFTA) as the trade value fell Year-on-Year (YoY) to N842.6 billion in the first quarter of 2023 (Q1’23) 11.95 percent down from N956.93 billion in Q1’22.
Nigeria to review bilateral treaty with Netherlands to improve economic ties
11-Jun-2023 Nigerian Tribune
The Nigerian government and the Kingdom of Netherlands have engaged in an Economic Consultation to improve the existing bilateral investment treaty between both countries to strengthen economic interests and opportunities.
Why Nigeria may not leverage AfCFTA to revamp ailing economy
30-Mar-2023 The Nation
On the strength of Nigeria’s estimated 200 million population and huge market, she was tipped as the biggest potential beneficiary of the African Continental Free Trade Area (AfCFTA) Agreement. However, two years after trading commenced on January 1, 2021, Nigeria is yet to begin practical implementation of the trade pact.
AfCFTA: rising energy cost, forex crisis threaten local manufacturing
11-Jan-2023 Punch
SAMI OLATUNJI examines how local challenges could stop Nigeria from reaping the benefits of the African Continental Free Trade Area.
AfCFTA targets $12bn trade in 4 years –Experts
22-Dec-2022 The Sun
Stakeholders have said the African Continental Free Trade Area Agreement (AfCFTA) has the potential to grow trade value in Nigeria to the tune of $12 billion by 2027.
Nigeria moves to become gateway to AfCFTA, signs MoU with Vietnam
8-Dec-2022 Nairametrics
The Nigerian government, in a bid to boost trade with South East Asia and maximize the African Continental Free Trade Area (AfCFTA) agreement, has announced plans to make $336 billion exporter Vietnam use Nigeria as a gateway into the African market.
Standardisation key to reaping AfCFTA benefits, says F.G
30-Nov-2022 This Day
The Minister of State for Industry, Trade and Investment, Mrs. Maryam Katagum, has said that the role of the Standards Organisation of Nigeria (SON) remained critical in helping the country’s manufacturing sector to fully benefit from the African Continental Free Trade Agreement (AfCFTA).
Nigeria set to adopt Phase II Protocols of AfCFTA
29-Nov-2022 Nairametrics
The federal government has said it is set to adopt the Phase II Protocols of the African Continental Free Trade Area ( AfCFTA) later this week.
Nigeria not ready for AfCFTA trade implementation
22-Nov-2022 Nigerian Tribune
Chief Executive Officer of Ocean & Cargo, Aare Jide Taiwo, has said Nigeria is not ready for AfCFTA implementation. He was speaking on issues bedeviling the country’s maritime industry, in an interview with TOLA ADENUBI of Nigerian Tribune.