The Afreximbank’s Africa Trade Report 2024, titled ‘Climate Implications of the AfCFTA Implementation,’ ranked Nigeria as the top fourth contributor to intra-Africa trade, following South Africa, Cote d’Ivoire and Egypt for 2023. In the report, Nigeria’s intra-Africa trade decreased in 2023 by 2.1 percent to $8 billion from $8.2 billion in the previous year. “This…
The WTO says that it’s member countries introduced more trade-facilitating measures than trade-restricting measures on goods, between mid-October 2023 and mid-May 2024. It’s Director-General, Dr Ngozi Okonjo-Iweala, said : ” It’s an important signal of members’ commitment to keep trade flowing despite the current geopolitical uncertainty.” WTO, in its latest Trade Monitoring Update issued on…
▪︎ECOWAS Office, Abuja . Finance Ministers and Central Bank Governors from the 15 Economic Community of West African States, have advanced plans to launch the single currency initiative, known as the ECO. The ECO is envisioned to propel economic growth and development throughout the West African sub-region, received Nigeria’s endorsement. The single currency is part…
“Nigeria has been designated as the next host for the Arab Africa Trade Bridges (AATB) Program Board of Governors meeting, which will take place in Abuja next year. These developments clearly demonstrate Nigeria’s continued significance on the global stage and our commitment to nurturing international trade relationships. We’re looking forward to welcoming delegates to Abuja…
When you move from the Benin Border to Lagos, you can be stopped at least 20 times with 80 checkpoints. This is a big barrier for transport between the two countries.
The impacts of illicit trade can be far-reaching, affecting different segments of society and the economy
The Bank embarked on the AQAC initiative in order to ensure that “Made in Africa” products meet international standards and technical regulations in order to avoid rejections at export markets
We explored new avenues to enhance trade relations between Nigeria and South Korea, aiming to significantly increase our current trade volume
It provides an analysis of the economic environment, trade patterns, debt scenarios, and future projections for African economies.
Mohammed Bello Koko, MD/CEO of Nigeria Ports Authority in collaboration meeting with the Nigeria Customs Service and Ports stakeholders.
