Nigeria-UAE Non-Oil Trade Reaches $5bn, Bank Opens in Lagos
Nigeria-UAE non-oil trade rose to $5 billion in 2025, with First Abu Dhabi Bank opening in Lagos and Etihad Airways set to begin Abuja flights, boosting economic ties.
Category : Trade
Discounted Freights 75% Cheaper Than Commercial Rates
Minister Oduwole announces discounted air cargo rates 50-75% cheaper on Lagos routes to East and Southern Africa, boosting AfCFTA trade.
Nigeria, RwandAir Partner to Expand Export Routes Under AfCFTA
Nigeria partners with RwandAir to expand AfCFTA air cargo corridor to Kigali, Harare, and Lusaka, reducing export costs to under $2 per kilogram.
Nigeria, RwandAir Partner to Boost Exports Under AfCFTA
Nigeria partners RwandAir to slash cargo rates by over 80% per kg, expanding AfCFTA air corridor to Kigali, Harare, Lusaka from June 2026.
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Abuja Podcaster Regrets Starlink, Details N800k Loss
Abuja-based podcaster KAA laments wasting over N800k on Starlink, citing poor upload speeds. He advises others against buying the device, sparking mixed reactions online.
AfCFTA: Africa’s Most Powerful Lever for Trade and Investment
Minister Jumoke Oduwole reaffirms AfCFTA as Africa's key trade lever, urging implementation beyond declarations to overcome border barriers and boost intra-African commerce.
Updated Visa-Free African Countries for Nigerians
Rwanda joins the updated list of African countries offering visa-free entry to Nigerian passport holders, easing travel for business, tourism, and family visits.
Germany Deepens Development Cooperation with Nigeria
Germany is seeking to deepen economic and development cooperation with Nigeria through stronger business partnerships, vocational training, and private sector investments.
Ghana Declares May 27, 2026 Public Holiday for Eid Al Adha
Ghana has declared Wednesday, May 27, 2026, as a public holiday for Eid Al Adha, closing government offices, courts, schools, and most private businesses.
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Nigeria Grants 30-Day Visa-Free Entry to Rwandans
Nigeria Immigration Service begins 30-day visa waiver for Rwandan citizens, announced by President Tinubu at Africa CEO Forum, promoting intra-African mobility.
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.
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.
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