Trade
Chinese traders favor naira over dollar, BDC operators reveal
The National President of the Association of Bureau De Change Operators (ABCON), Aminu Gwadabe, has revealed that Chinese traders and investors in Nigeria are increasingly conducting transactions in naira rather than the US dollar, signaling growing confidence in the local currency. Gwadabe attributed this shift to the Nigeria-China bilateral currency swap agreement signed in December […]
Uncovering Aztec Obsidian Trade Secrets
Hundreds of obsidian artifacts have revealed the secrets of Aztec trade networks, showcasing their vast connections, including with rival societies. A study of 788 pieces, the largest sample of obsidian artifacts ever analyzed for Tenochtitlán, the Aztec capital city, has provided valuable insights into the Aztecs’ economic system and cultural evolution. The Aztecs prized green […]
Nigeria and Brazil Renew Bilateral Agreement to Strengthen Ties
In a landmark development aimed at strengthening the relationship between Nigeria and Brazil, both countries have revived their long-stalled Bilateral Air Service Agreement (BASA). This renewed partnership is expected to foster greater connectivity between Africa and South America, opening the door for direct flight services, and promoting trade, tourism, and cultural exchange between the two […]
UK, Nigeria Boost Trade Ties With Enhanced Quality Standards
The United Kingdom and Nigeria are strengthening their trade relations through quality standards. The two governments have reaffirmed their commitment to implementing Nigeria’s National Quality Policy (NNQP) to eliminate technical trade barriers, improve regulatory compliance, and enhance export competitiveness. The initiative falls under Phase II of the Standards Partnership Programme (SPP), launched in June 2024 […]
Free Trade Zones in Nigeria: A Catalyst for Growth
Fhe Nigerian free trade zones (FTZs) have successfully attracted over $300 billion in investments and contributed more than N650 billion to government revenue since their inception, according to Dr. Jumoke Oduwole, Minister of Trade and Investment. Dr. Oduwole made these remarks at the third Special Economic Zones (SEZ) annual meeting, organized by the Nigerian Economic […]