AfCFTA
Ogun courts global investors with AfCFTA prospects
Ogun State has intensified its campaign to attract global investment, with Governor Dapo Abiodun positioning the state as Nigeria’s top gateway to opportunities under the African Continental Free Trade Area (AfCFTA). Speaking at the Intra-African Trade Fair (IATF) in Algiers, Algeria, Governor Abiodun said Ogun remains Nigeria’s foremost investment destination, backed by bold reforms, infrastructure […]
Big boost ahead as OPSN backs IATF 2027 for Nigeria’s Trade
Nigeria’s private sector leaders have hailed the country’s successful bid to host the Intra-African Trade Fair (IATF) 2027 in Lagos, describing it as a landmark development that will expand trade, empower local businesses, and reinforce Nigeria’s position as a continental economic powerhouse. The announcement has been met with widespread optimism from the Organised Private Sector […]
IATF 2025: FG vows bold push to boost trade, expand industry
The Federal Government has reaffirmed its commitment to strengthening Nigeria’s trade integration agenda, boosting industrial capacity, and mobilising fresh investments to drive sustainable economic growth across Africa. This assurance was given by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, during his engagements at the ongoing Intra-African Trade Fair (IATF) […]
IATA: African airlines’ cargo demand surges 9.4% in strong upswing
The International Air Transport Association (IATA) has reported a significant rise in African airlines’ cargo demand, which surged 9.4 percent in July 2025 compared to the same period last year. This growth nearly doubled the global average of 5.5 percent, underscoring Africa’s strengthening role in international trade and air cargo operations. However, despite the encouraging […]
South Africa reliant on Nigeria for a staggering 70% of oil imports
South Africa imports more than 70 per cent of its crude oil from Nigeria, highlighting the West African nation’s critical role as a major energy supplier to the Southern African region. Acting High Commissioner and Consul General of the Republic of South Africa, Bobby Moroe, revealed this at the Outward Selling Mission Programme held in […]
AfCFTA can unlock economic potential through women-led businesses – Oye
The African Continental Free Trade Area (AfCFTA) holds immense potential to empower women-led enterprises and drive economic growth across Africa, according to Dele Kelvin Oye, Immediate Past Chairman of the Organised Private Sector of Nigeria and 22nd National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA). Speaking at a […]
Non-Oil Exports Rise to $3.23bn in H1 2025 – NEPC
Nigeria’s non-oil exports rose to $3.225 billion in the first half of 2025, representing a 19.59 per cent increase from the $2.696 billion recorded during the same period in 2024, according to fresh data from the Nigerian Export Promotion Council (NEPC). Executive Director/Chief Executive Officer of the NEPC, Nonye Ayeni, disclosed the figures in Abuja […]
$500m Lost Annually to Unregulated Shipbrokers
Nigeria’s maritime industry is bleeding over $500 million annually due to the unchecked and unregulated activities in the shipbroking subsector, experts have revealed. Stakeholders have now issued a resounding call for the formalisation and professionalisation of shipbroking as a strategic step to plug fiscal leakages, boost compliance, and elevate Nigeria’s maritime sector to global standards. […]
PMAWCA Urges Sustainable Growth for Regional Ports
The Port Management Association of West and Central Africa (PMAWCA) has emphasized that the future of Africa’s economic growth is deeply tied to the sustainability and strategic development of its ports. This call was made by Dr. Abubakar Dantsoho, the President of PMAWCA and Managing Director of the Nigerian Ports Authority (NPA), during the association’s […]
Nigeria, South Africa Forge Stronger Trade Ties
Nigeria and South Africa, Africa’s two largest economies, are forging deeper trade and investment ties in a strategic push to unlock the full potential of the African Continental Free Trade Area (AfCFTA) and drive economic growth across the continent. This renewed collaboration was underscored by a high-level trade mission led by WesGro, the official trade […]