Nigeria's Mandatory Car Recycling Fee Starts 2026
From 2026, Nigerians will pay a mandatory vehicle recycling fee at registration. The policy aims to generate over N150bn yearly, create jobs, and regulate used car imports. Get all the details.
Category : Trade
Apapa Port Nears Full Deployment of Cargo Scanners
The Nigeria Customs Service is 80% ready to deploy a new FS6000 scanner at Apapa Port, aiming to end physical cargo checks and boost trade. Read more about the impact on clearance times.
Tin Can Customs Revenue Hits N1.57tr, Exceeds Target
Tin Can Island Port Customs generated N1.57 trillion, exceeding its annual target by N51.8 billion, driven by a surge in used vehicle imports. Read the full report on the revenue feat.
China Imposes High Tariffs on EU Dairy Products
China imposes duties up to 42.7% on EU dairy, escalating a trade spat. EU calls the move unjustified. Get the latest on this economic clash.
Customs Reaffirms Commitment to Trade Facilitation
CGC Adewale Adeniyi tells Kano stakeholders that effective trade facilitation requires full compliance with laws. He highlights tech reforms like B'Odogwu platform.
Fire Destroys Sabuwar Lale Furniture Market in Kano
A devastating fire has razed the Sabuwar Lale furniture market in Kano, destroying dozens of shops and goods worth millions of naira. Traders are counting losses and pleading for government assistance. Read the full report.
Temvert Foundation Accredited for WTO Conference in Cameroon
Temvert Empowerment Foundation secures accreditation to attend the WTO MC14 in Yaoundé, Cameroon. Founder Temitayo Olatunde highlights the link between youth education and global trade benefits.
Lula to EU: Show courage, sign Mercosur trade deal
Brazil's President Lula da Silva calls on the European Union to finalize the long-delayed Mercosur trade pact, aiming to create the world's largest free trade zone. Read the latest updates.
Nigeria Customs Deploys Tech, Seizes N760m Goods
Nigeria Customs Service deploys new tracking technology nationwide, intercepts 20 containers worth N769.5m in Kano. Read how tech is fighting economic sabotage.
EU-Mercosur Trade Deal Postponed to January 12
The historic EU-Mercosur trade pact, creating the world's largest free trade zone, faces delay due to farmer protests. A new signing date is now targeted for January 12 in Paraguay. Get the full details.
EU-Mercosur Trade Deal Faces Crucial Vote
A landmark EU-Mercosur trade deal, 20 years in the making, faces a crunch vote. While promising a massive free-trade zone, it sparks fierce protests from European farmers fearing cheap imports. Read the full details.
Nigeria-Central Europe Chamber of Commerce Launched in Abuja
Nigeria and Central Europe launch a new chamber of commerce to deepen trade, investment, and cultural ties. Key figures inducted into Advisory Council. #Nigeria #Trade #Investment
EU-Mercosur Trade Deal Hits French, Italian Roadblock
A landmark EU-Mercosur trade deal faces a major setback as Italy and France demand more safeguards for farmers, casting doubt on a signing ceremony planned for this weekend in Brazil.
Kwara Govt Accused of Sabotaging Trade Fair
KWACCIMA alleges the Kwara State government deliberately withdrew support, harming the 12th Trade Fair's success and foreign participation. Read the full details.
UNCTAD: 2025 Global Trade to Surpass $35 Trillion
UNCTAD projects global trade will exceed $35 trillion in 2025, driven by emerging markets. However, growth is expected to slow in 2026. Read the full analysis.
China Imposes 5-Year Anti-Dumping Duties on EU Pork
China has imposed final anti-dumping duties on EU pork imports for five years, at reduced rates. The move follows trade tensions and an investigation into harm to China's domestic industry. Get the full details.
China imposes 5-year anti-dumping duties on EU pork
China announces five-year anti-dumping duties on EU pork imports, effective Dec 17. Rates are 4.9% to 19.8%, lower than previous temporary tariffs. Read the full trade dispute analysis.
Trump Tariffs Hit Canadian Snowplow Exporter Hard
Arctic Snowplows, a Canadian manufacturer, faces uncertain times as US tariffs add $500 to its products, driving away American customers. Discover the impact of the trade war.
African SMEs lose $38bn in export opportunities yearly
Prof. Benard Odoh reveals African SMEs forfeit $38bn annually due to trade bottlenecks. New platform Valcertra, launching in 2026, aims to bridge the gap and boost continental exports.
Seamless Transport Key to AfCFTA Success - Expert
Luqman Mamudu, former NADDC boss, says West Africa must fix border bottlenecks to unlock AfCFTA's trade potential. He calls for digital platforms and one-stop border posts.
NPA Boosts Port-Hinterland Links for Northern Exports
The Nigerian Ports Authority is enhancing port-hinterland connectivity to streamline non-oil exports from the North. Learn about new Export Processing Terminals and digital reforms.
Okonjo-Iweala, Oduwole Push for Services Trade Focus
WTO DG Ngozi Okonjo-Iweala and Nigeria's Minister Jumoke Oduwole warn developing countries that sidelining services trade risks growth. Africa holds just 2% of global share. Read more.
China Announces Zero-Tariff Policy for Nigerian Goods
China pledges zero-tariff access for Nigerian exports, accelerating economic ties. This move aims to deepen bilateral cooperation and mark 55 years of diplomatic relations. Explore the details and implications for Nigeria's trade future.
China to Implement Zero-Tariff on Nigerian Exports Early
China's Ambassador to Nigeria announces readiness to expedite zero-tariff policy for Nigerian goods, boosting trade ahead of 55th diplomatic anniversary and 2026 cultural exchanges. A major win for Nigeria's exporters.
Costco Challenges US Tariffs in Court, Seeks Refund
US retail giant Costco sues the Trump administration, demanding a refund for tariffs paid on imports. The case challenges the legality of Trump's trade policy. Read the full story.
Nigeria, Algeria Customs Seek Deeper Cross-Border Cooperation
Algerian & Nigerian customs pledge stronger collaboration on training, modernization & trade facilitation. Delegation from Nigeria studies Algeria's oil export procedures to boost efficiency.
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.
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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