Tag: #AfCFTA
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NIGERIA MOVES TO REVIVE AUTOMOTIVE MANUFACTURING, DEEPEN LOCAL CONTENT — NADDC
The National Automotive Design and Development Council (NADDC) says Nigeria is pursuing policy reforms, investment and stronger industry collaboration to deepen local content and revive automotive manufacturing. NADDC Director of Media, Mrs Susan Taiwo, disclosed this at a Human-Centered Data and AI Master Class organised for members of the Commerce and Industry Correspondents Association of…
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COLOMBIAN ENVOY URGES NIGERIAN ENTREPRENEURS TO TAP AfCFTA OPPORTUNITIES FOR GLOBAL GROWTH
Young Nigerian entrepreneurs have been encouraged to take advantage of opportunities under the African Continental Free Trade Area (AfCFTA) to expand their businesses and compete in international markets. Speaking at the Trade Commissioners Summit 2.0 in Abuja, Colombian Honorary Consul to Nigeria, Mrs. Maricel Romero, urged entrepreneurs involved in foreign trade to identify products unique…
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NIGERIA’S PORTS RECORD STRONGER CARGO, VESSEL TRAFFIC IN Q1 2026
Nigeria’s maritime sector recorded notable growth in the first quarter of 2026, with the Nigerian Ports Authority (NPA) reporting increases in cargo movement, vessel traffic and port activities. According to the NPA, ocean-going vessel traffic rose by 19.5% to 46.75 million Gross Registered Tonnage, while total cargo throughput increased by 11.6% to 32.38 million metric…
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TRANSPORT COSTS CHOKE NIGERIANS, IMF SOUNDS ALARM
From market stalls to motor parks, rising transport fares are quietly squeezing wallets—and the IMF says it’s getting worse. Nigeria’s cost-of-living crisis is deepening, with the International Monetary Fund warning that soaring transport costs are driving food prices through the roof. At the IMF/World Bank Spring Meetings in Washington, Abebe Selassie said higher fuel prices…
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AFCFTA: CBW AFRICA PUSHES FOR BIGGER WOMEN TAKEOVER IN AFRICAN TRADE
Africa’s biggest trade game is already on — and CBW Africa says women must stop watching from the sidelines and start playing to win. Lagos — The Commonwealth Business Women Africa (CBW Africa) is calling on more women across the continent to fully tap into opportunities under the African Continental Free Trade Area (AfCFTA). CBW…
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ECOWAS AT A CROSSROADS: AfCFTA COULD MAKE OR BREAK WEST AFRICA’S ECONOMIC FUTURE
West Africa is standing at a historic economic tipping point. With a combined market of $3.4 trillion, ECOWAS has long aimed to become a fully integrated economic powerhouse—but ambition alone won’t cut it. The launch of the African Continental Free Trade Area (AfCFTA) is being hailed as the biggest opportunity yet to turn decades of…
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NIGERIA URGES ECOWAS LAWMAKERS TO FAST-TRACK AfCFTA LAWS FOR REGIONAL TRADE BOOST
With Africa’s $3.4 trillion free trade market now active, Nigeria is pushing ECOWAS lawmakers to enact strong laws that will unlock massive trade, investment, and job opportunities across West Africa. Nigeria has called on parliamentarians in the Economic Community of West African States (ECOWAS) to accelerate legislation that will drive the full implementation of the…
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NIGERIA MUST REFORM AIR CARGO TO MAXIMISE AfCFTA GAINS – SEREC
Experts warn fragmented air cargo policies could cost Nigeria its competitive edge under Africa’s free trade pact. The Sea Empowerment Research Centre (SEREC) says Nigeria’s air cargo system must be overhauled to boost AfCFTA trade, national competitiveness, and economic growth. In a policy brief, Dr. Eugene Nweke highlighted that air cargo is vital for high-value,…
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FG SWEARS IN SON BOARD TO BOOST INDUSTRIAL GROWTH
New leadership tasked with raising product standards, driving industrialisation and attracting investment. The Federal Government has inaugurated the governing board of the Standards Organisation of Nigeria (SON), signaling a renewed push to strengthen industrial growth and make Nigeria more attractive to investors. In Abuja, the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, said…
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AFRICA’S 180TCF GAS STUCK AS RULES, MARKETS FAIL TO ALIGN — NUPRC
The gas is there, the demand is real — but broken policies and fragmented markets are keeping Africa’s energy wealth underground. More than 180 trillion cubic feet of discovered natural gas across Africa remains untapped because of unaligned fiscal rules, inconsistent regulations and fragmented markets, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned. Speaking…
