Nigeria's GI Inaction Costs Billions in Global Trade
Nigeria risks losing billions in export revenue by lacking Geographical Indication laws, while Ghana protects Kente. Experts urge urgent action to safeguard products like Adire and Benue yam.
Category : Trade
US-UK Pharma Deal: Tariffs Lifted, NHS Drug Prices Rise
The US has exempted UK pharmaceuticals from import tariffs in a new trade deal. In exchange, Britain's NHS will pay 25% more for new US drugs. Read the full details and implications here.
Sanwo-Olu Calls for Stronger Nigeria-South Africa Investment Ties
Lagos Governor Babajide Sanwo-Olu advocates for a transformative economic partnership between Nigeria and South Africa at the Nigeria-South Africa Chamber of Commerce's 25th-anniversary event. Discover the new strategic vision.
FG Bans Raw Mineral Exports, Mandates Local Processing
The Federal Government will stop the export of unprocessed minerals. A new bill requiring 30% local processing awaits President Tinubu's assent to boost jobs and the economy.
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New Lagos hub to tackle Nigeria's $1.7bn logistics loss
TY Logistics Park launches in Lekki to reverse Nigeria's $1.7bn annual logistics drain with a tech-driven model. Discover how it cuts costs and boosts SME exports.
NEPC Connects Nigerian Exporters to UAE Market
NEPC and FMITI host a webinar to unlock UAE market prospects for Nigerian exporters, aiming to bridge a $1.5 billion trade deficit and boost non-oil exports.
Kano Free Trade Zone Hits N18.8b Revenue in 2025
Kano Free Trade Zone reports N18.8 billion revenue from Jan-Oct 2025, signaling growth in Nigeria's non-oil sector. Discover how this achievement boosts economic diversification.
Traders Fair 2026 Set to Ignite Lagos Finance
Nigeria's largest trading event, Traders Fair 2026, is coming to Lagos on April 10, 2026. Join for expert seminars, networking, and a chance to win prizes. Register now!
Nigerian Export Certificates Accepted in 140 Nations
Nigeria achieves international accreditation milestone as NINAS recognition enables export certificates acceptance in 140+ countries, saving millions in forex and boosting MSMEs.
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CLMI Demands Regulatory Commission for Logistics Sector
CLMI Chairman Prof. Simon Emeje calls for urgent establishment of regulatory commission to fix Nigeria's ailing logistics industry valued at $60 billion.
Nigeria Champions Africa's $3.4 Trillion Single Market
Nigeria takes charge of Africa's $3.4 trillion AfCFTA single market. Minister Oduwole outlines strategy for economic growth, digital trade, and continental leadership. Act now to seize the opportunity!
Nigeria's NINAS earns global accreditation status
Nigeria's National Accreditation System achieves global recognition under AFRAC, enhancing quality compliance and reducing trade barriers for Nigerian exporters.
US Ends 15% Tariff on Ghana's Cocoa Exports
United States removes 15% tariff on Ghana's cocoa and agricultural exports, set to generate $60 million additional annual revenue for Ghana's economy. Read full details.
2025 Lagos International Trade Fair Opens for Business
The 2025 Nigeria International Trade Fair is now open in Lagos, running from November 21-30. Discover West African business opportunities, workshops, and exclusive shopping deals.
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EU urges US to cut steel tariffs in trade talks
The EU will press the US to implement their July trade deal, focusing on reducing 50% steel tariffs. High-level talks begin in Brussels. Read more.
Global Wildlife Talks: Sharks, Rhino Horn on Agenda
Global wildlife talks in Samarkand debate shark protection, rhino horn sales, and eel trade restrictions. Over 180 nations convene for critical CITES meeting. Read the latest updates.
Institute Demands Regulatory Body for Courier Sector
CLMI calls for independent regulatory commission to fix Nigeria's ailing courier and logistics industry valued at $60 billion. Join the movement for sector reform.
LTIF 2025 Forum Drives Ethical Investment for Africa
The Loveworld Trade & Investment Forum in Lagos united global leaders to champion trust and capital inflows for Africa's growth. Discover how ethical trade is reshaping the continent's economic future.
Nigeria International Trade Fair 2025 Opens in Lagos
The 2025 Nigeria International Trade Fair launched in Lagos with calls for industrial growth and policy consistency. Key officials emphasized investment opportunities and economic revival.
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Cargo Disruptions Feared as Imports Surge in Ember Months
Nigerian customs agents report system slowdowns during peak import season, threatening supply chains. The NCS attributes issues to user-specific problems, urging traders to use help desks.
EU Seeks More US Tariff Exemptions in Key Talks
EU trade ministers will press for more US tariff exemptions on wines, spirits, and pasta during a crucial meeting with US Commerce Secretary Howard Lutnick. The talks aim to resolve ongoing trade tensions.
Afghanistan Diversifies Trade Amid Pakistan Dispute
Afghanistan is urgently seeking new trade partners after a border clash with Pakistan. The Taliban government is turning to Iran and Central Asia as $100 million in losses hit traders. Discover the economic fallout.
China pledges reliable rare earth supply to Germany
Germany's Finance Minister Lars Klingbeil obtained China's commitment for reliable rare earth supplies during his Beijing visit. This breakthrough addresses critical supply chain concerns for German manufacturers.
Makinde Signs Oluyole Free Trade Zone JV Agreement
Oyo State Governor Seyi Makinde has signed the Oluyole Free Trade Zone joint venture with Euro FMCG Universal Beverages, promising thousands of jobs and economic transformation for residents.
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Trump Tariffs Cause 5.1% Drop in US August Imports
Delayed data reveals US imports fell 5.1% to $340.4 billion in August as Trump's new tariffs hit trading partners. Trade deficit narrowed to $59.6 billion. Read the full analysis.
China Overtakes US as Germany's Top Trade Partner
China has reclaimed its position as Germany's number one trading partner, dethroning the US amid new tariffs. Discover the economic implications for global trade.
UK-Nigeria Trade Mission Opens in Abuja
A UK-Nigeria trade mission has launched in Abuja to empower women-led businesses and boost non-oil exports. Discover how this initiative creates new opportunities.
Trade Tensions Overshadow COP30 Climate Negotiations
Climate negotiations at COP30 face new challenges as trade disputes over carbon taxes and Chinese EV tariffs threaten global cooperation on emissions reduction targets.
Nigeria's $3.9B Untapped Export Potential - ITC
International Trade Centre reveals Nigeria's $3.9 billion untapped export opportunities in cocoa, cashew, coffee. Discover how Nigeria can boost forex earnings.
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Tinubu Warns Fragmented Markets Threaten African Trade
President Tinubu reaffirms Nigeria's commitment to efficient African borders that facilitate trade. Learn how AfCFTA reforms aim to boost intra-African commerce by 2030.
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