Nigeria, Germany Sign €65m Development Pact
Nigeria and Germany signed a €65 million development pact in Abuja, focusing on agriculture, energy, health, and skills. Germany also pledged €300 million in export credit guarantees.
Category : Trade
Zero Tariff: China's Market Opens Doors for Africa
China's zero-tariff policy for 53 African nations boosts trade, modernisation, and bilateral ties, offering Nigeria's exports like cashews and sesame new market access.
Nigeria Export Earnings Jump 38.68% in Q1 2026
Nigeria's export earnings rose 38.68% year-on-year to $925.84m in Q1 2026, driven by non-oil trade. Customs also reported strong revenue growth.
Akutah: Collaboration key to non-oil export growth
NSC boss Pius Akutah urges stronger collaboration and synergy to boost Nigeria's non-oil exports, addressing bottlenecks at a stakeholders' roundtable in Lagos.
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China Removes Import Tax on Nigerian Goods
China eliminates import tariffs on Nigerian goods like cocoa, ginger, and cashews, aiming to boost trade and create jobs in Nigeria's agricultural sector.
China Grants Nigeria, 52 African Nations Zero-Tariff Access
China introduces zero-tariff policy for Nigeria and 52 African nations, boosting exports and trade ties until April 2028.
Namibia Targets Stronger Trade Ties with Nigeria
Namibia's High Commissioner calls for deeper economic collaboration with Nigeria, urging businesses to leverage AfCFTA opportunities as a trade mission to Namibia is planned for July.
Nigeria, South Africa Seek Stronger Trade and Infrastructure Ties
Stakeholders from Nigeria and South Africa met in Lagos to deepen trade, infrastructure, and economic cooperation, emphasizing actionable outcomes to boost intra-African trade under AfCFTA.
Oye Praises Nigeria-Turkiye Trade Growth, Honors Diplomat
Dele Oye, NTBC chairman, commended outgoing Turkish Counsellor Sefa Akyol for advancing the $5 billion bilateral trade target between Nigeria and Türkiye.
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Nigeria Launches Language Toolkits for AfCFTA Trade
Nigeria unveils simplified trade toolkits in English, Hausa, and Arabic to ease business under AfCFTA, targeting SMEs and informal traders.
NACCIMA Decries Red Tape Hindering Non-Oil Export Trade
NACCIMA raises concerns over low export participation by MSMEs, unveils Export Express Support Centre to simplify processes and boost non-oil exports.
FG Backs Garment Exports as Firm Launches Factory in Abuja
The Federal Government reaffirms support for garment exports as Mo'Afrique launches a new factory in Abuja, aiming to boost local production and expand under AfCFTA.
Nigeria, Malaysia Customs Lack Legal Framework for Trade
Nigeria and Malaysia customs acknowledge absence of formal legal framework for bilateral cooperation despite growing trade, aiming for WCO Mutual Recognition Agreement.
FG Updates Banned Imports: Food, Drugs, Consumer Goods
Nigeria's 2026 trade policy bans 17 import categories including paracetamol, poultry, tomato paste, soap, and cement to boost local production and save forex.
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LFZ and CEVA Logistics Launch Joint Venture for West Africa
Lagos Free Zone and CEVA Logistics have signed a joint venture agreement approved by FCCPC to enhance integrated logistics in West Africa, featuring a new warehouse at Lekki Port.
Stakeholders Urge Tariff Review as High Costs Cripple Trade
Freight forwarding and clearing sector stakeholders warn that Nigeria's current revenue-tariff structure is stifling trade, driving businesses to shut down, and worsening inflation. They call for urgent policy reforms to protect indigenous operators and e
Czech Medical Tech Showcased in Abuja for Nigerian Healthcare
The Regional Trade Institute, with Nigerian partners, showcased Czech technologies and medical products in Abuja to enhance healthcare delivery and foster economic ties with Central Europe.
NACCIMA Boosts Nigeria's Global Trade Integration Efforts
NACCIMA intensifies efforts to enhance Nigerian businesses' global competitiveness, addressing trade barriers and leveraging opportunities like AfCFTA and digital economy.
Customs and PEBEC Unveil Cargo Clearance Reform Agenda
The Nigeria Customs Service and PEBEC have launched a reform agenda to cut cargo clearance times from 21 to 4 days through joint inspections and digital upgrades.
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Nigeria, Africa's Trade Vulnerable to Global Shocks
A new Afreximbank report reveals Africa's trade structure is concentrated, externally dependent, and fragile, with Nigeria and others facing persistent vulnerabilities despite policy reforms.
Nigeria-India Trade Boost in Mining and Steel
Indian High Commissioner Amb. Abhishek Singh reaffirms commitment to enhancing bilateral trade with Nigeria, focusing on mining and steel, during a visit to ANRML's $600 million facility in Kaduna.
Tinubu Opens N73bn Customs Complex in Ogun for Trade
President Bola Tinubu has commissioned a N73 billion Nigeria Customs Service complex in Iperu, Ogun State, aimed at modernizing infrastructure, curbing smuggling, and facilitating legitimate trade in the Southwest zone.
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Tinubu Appoints Dalhatu Abubakar NCX Chairman, Patience Okala AfCFTA Head
President Bola Ahmed Tinubu has appointed Dalhatu Abubakar as chairman of the Nigeria Commodity Exchange alongside new board members. He also named Patience Okala as national coordinator of Nigeria's AfCFTA office to boost trade and non-oil exports.
India Commits to Deepen Trade with Nigeria in Mining, Steel
Indian High Commissioner Abhishek Singh reaffirms commitment to boosting bilateral trade with Nigeria, focusing on mining and steel sectors during a visit to key industrial facilities in Kaduna and Niger States.
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Oduwole Calls for Fairness in Global Trade at WTO
Minister Jumoke Oduwole advocates for a fair, inclusive global trading system at WTO MC14 in Cameroon, highlighting Africa's low trade shares and the need for industrialization.
DHL, SON Begin Electronic Cargo Manifests on National Single Window
Nigeria's trade modernization advances as DHL, SON, and other agencies start electronic cargo manifest transmission on the National Single Window platform, enhancing efficiency and transparency.
UK-Nigeria Trade Partnership: NEPZA's Key Role in Investment Drive
The UK-Nigeria Enhanced Trade and Investment Partnership meeting highlights progress, with NEPZA promoting free trade zones to boost non-oil exports and attract UK investors through regulatory cooperation and incentives.
NSW Platform Launches at DHL Apapa with Minor Technical Hiccups
Nigeria's National Single Window platform experienced initial glitches during cargo manifest uploads at DHL's Apapa office, but technical teams swiftly resolved issues, showcasing inter-agency collaboration to streamline trade processes.
Low AfCFTA Usage Despite High Non-Oil Export Figures
A new survey by the Network of Practising Non-Oil Exporters of Nigeria highlights minimal AfCFTA utilization, with 66% of exporters operating below $50,000 and domestic bottlenecks cited as major barriers.
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Nigeria Launches National Single Window to Boost Trade
The Federal Government has initiated the phased rollout of the National Single Window, aiming to streamline trade processes, reduce delays, and enhance economic growth by integrating multiple agencies into a unified digital platform.
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