Category: Trade & Investment
World Trade Organisation director-general Ngozi Okonjo-Iweala has urged African governments to invest boldly in artificial intelligence, renewable energy and critical mineral value chains, warning that the continent risks being left behind in a technology-driven global economy. Speaking at the 7th Africa Emerging Markets Forum in Abuja, held under the theme “Building Resilience Amidst Geoeconomic Uncertainties”, […]
The Association of Nigerian Licensed Customs Agents has threatened to protest over what it describes as manifest manipulation by shipping companies, naming Mediterranean Shipping Company and Hapag-Lloyd. Former ANLCA vice president Kayode Farinto alleged that electronic manifests are filed declaring that containers have been fully discharged in Nigeria, when in practice only part of the […]
Lekki Deep Seaport has received the maiden call of the HMM-ONE alliance service, marking the launch of the Mediterranean West Africa Service (MA2) and adding another direct link between Nigeria and international markets. The container service is operated jointly by Hyundai Merchant Marine and Ocean Network Express, and connects major European ports with West African […]
Persistent narcotics trafficking through Nigerian seaports risks damaging the country reputation as a trading partner, according to a July 2026 policy bulletin from the Sea Empowerment and Research Centre (SEREC). The commercial danger the report identifies is reputational contagion. If destination countries come to associate Nigerian-origin cargo with narcotics risk, they respond with stricter inspection […]
Thirteen West African nations have approved the Nigeria-Morocco gas pipeline, a 27 billion dollar project agreed by the ECOWAS Authority at its 69th Ordinary Session in Lungi, Sierra Leone. The pipeline is designed to run roughly 6,900 kilometres and carry 30 billion cubic metres of natural gas a year. The next phase covers establishing the […]
Nigeria is forfeiting jobs and scarce foreign exchange because the rules governing fish imports keep shifting, according to Dr Olukayode Olubiyi, Chief Lecturer at the Federal College of Fisheries and Marine Technology in Lagos. His central objection is that import permits are issued for species Nigerian farmers already raise successfully, among them tilapia, catfish and […]
Nigeria and Hong Kong have signed a treaty eliminating double taxation between the two jurisdictions — removing one of the most persistent structural deterrents to cross-border trade and investment. Double taxation agreements prevent companies and individuals from being taxed twice on the same income — once where it is earned and again where the earner […]
Nigeria’s solid minerals exports climbed to N354 billion in 2025 — roughly triple the N117.29 billion recorded in 2023 — extending a steep growth run for a sector long overshadowed by oil. Revenue flowing to the Federation Account told an even sharper story, rising past N70 billion, a 337.5 per cent increase on the N16 […]
Exporters under the Association of West African Exporters and Maritime Professionals (AWAEMAP) say they have lost more than $10 million in just five days following the Nigerian Ports Authority’s integration of the Nigeria Export Proceeds (NXP) requirement into the Truck Transit Park (TTP) portal. In a statement signed by its president, Olubunmi Olumekun, the association […]