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.
Category : Trade
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.
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.
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.
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.
Nigeria-UK Customs Deepen Strategic Engagement for Trade
The Nigeria Customs Service and UK's HMRC have enhanced cooperation through a high-level meeting in London, focusing on customs modernization, data transparency, and trade facilitation under the ETIP framework.
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Nigeria to Host Intra-African Trade Fair 2027
Nigeria has signed the host agreement for the 2027 Intra-African Trade Fair, set to be Africa's largest marketplace with over $50 billion in targeted deals and 100,000 visitors.
U.S. Probes Nigeria, Others for Forced Labour in Trade
The United States has initiated a trade investigation targeting Nigeria and 59 other countries to assess if their practices allow imports of goods produced with forced labour, under Section 301 of the Trade Act of 1974.
UK-Nigeria Trade Hits £8.1b Amid Tinubu's State Visit
Bilateral trade between the UK and Nigeria has reached a record £8.1 billion annually, with new investments from banks, fintech, and companies creating hundreds of jobs ahead of President Tinubu's state visit.
Anambra Shuts Auto Market for One Week Over Sit-at-Home
The Anambra State Government has ordered the closure of the New Auto Spare Parts Association market in Nnewi for one week due to non-compliance with directives against the sit-at-home order.
Woman Ships Nigerian Food to Canada, Shares Expense Breakdown
A Nigerian woman in Calgary, Canada, shared her experience shipping 120kg of foodstuffs and clothing from Nigeria, detailing the costs involved and sparking reactions from the diaspora community.
Customs Launches System for 48-Hour Cargo Clearance
The Nigeria Customs Service has introduced a One-Stop-Shop initiative to streamline cargo clearance to 48 hours, aiming to eliminate duplicate inspections and reduce compliance costs for traders.
Canal+: No Immediate DStv Price Hikes After MultiChoice Takeover
Canal+ Africa CEO David Mignot confirms no immediate DStv price increases post-takeover, promises expanded content library and reviews Showmax's future amid streaming competition.
Nigeria's African Exports Jump 14% to N4.82 Trillion
Nigeria's exports to African countries increased by 14% year-on-year to N4.82 trillion in the first half of 2025, with West Africa dominating as the primary destination.
Nigeria Launches IP Policy Implementation Committee
The Nigerian government has inaugurated an Inter-ministerial Steering Committee to implement the National Intellectual Property Policy and Strategy (NIPPS), aiming to boost economic diversification and innovation.
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Bolt Ridesharing Surges in December Mobility Across Nigeria
Bolt ridesharing services experience significant growth in December as Nigerians opt for convenient transportation during the festive season, highlighting changing mobility patterns.
FG Inaugurates Team to Implement National IP Policy
The Federal Government has inaugurated a Technical Working Group to implement the new National Intellectual Property Policy and Strategy (NIPPS), aiming to boost innovation and economic growth.
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