Tag: #Trade
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MALAYSIA SEEKS STRONGER HALAL TRADE TIES WITH NIGERIA, AFRICA
Malaysia has reaffirmed its commitment to strengthening trade and economic relations with Nigeria and other African countries through the expanding global halal economy. Chairman of the Malaysian External Trade Development Corporation (MATRADE), Reezal Merican, said this in an interview with the News Agency of Nigeria (NAN) at the Malaysia International Halal Showcase (MIHAS) 2026 in…
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EGYPT’S TRADE WITH BRICS COUNTRIES RISES 25.5% TO $36.7BN IN FIRST HALF OF 2026
Egypt’s trade with BRICS countries reached $36.7 billion in the first half of 2026, rising by 25.5 per cent from $29.3 billion recorded during the same period in 2025. Data from Egypt’s Central Agency for Public Mobilisation and Statistics showed that Egyptian exports to BRICS countries stood at $6.6 billion, while imports increased to $30.2…
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OKONJO-IWEALA URGES NIGER DELTA STATES TO ESTABLISH SPECIAL ECONOMIC ZONES
World Trade Organisation (WTO) Director-General, Dr Ngozi Okonjo-Iweala, has urged Niger Delta states to establish Special Economic Zones (SEZs) and strengthen infrastructure and policies to unlock the region’s industrial and investment potential. Okonjo-Iweala made the call virtually, on Tuesday September 15, at the Niger Delta Economic and Investment Summit in Port Harcourt, organised by the…
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BRICS SUMMIT: NEW COOPERATION PLANS IN A.I., TRADE, HEALTH UNVEILED
BRICS leaders have unveiled fresh initiatives in artificial intelligence, health, trade, transport and sustainable development at the 18th BRICS Summit Outreach session in New Delhi, with partner countries including Nigeria participating. India’s chairmanship is built around resilience, innovation, cooperation and sustainability. Indian Prime Minister Narendra Modi said BRICS members agreed to establish an integrated system…
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CHINA-AFRICA ZERO-TARIFF POLICY OPENS NEW TRADE AND INVESTMENT OPPORTUNITIES
China’s zero-tariff policy for African goods is creating new opportunities for trade and investment between China and African countries, according to Xinhua News Agency senior journalist Wang Jiang. Wang said demand for African products in China is growing, with products such as African coffee and South African apples increasingly available in Chinese markets. He added…
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NIGERIA, THAILAND MOVE TO DEEPEN TIES IN TECHNOLOGY, AGRICULTURE
Nigeria and Thailand have agreed to strengthen bilateral cooperation in technology, agriculture, commerce and renewable energy, as both countries seek to expand economic and strategic partnerships. Vice President Kashim Shettima stated this on Wednesday when he received a delegation from Thailand at the Presidential Villa, Abuja. He said Nigeria’s relationship with Thailand should move beyond…
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U.S. IMPOSES NEW TARIFFS ON NIGERIA, 80 OTHER COUNTRIES OVER FORCED LABOUR CONCERNS
The United States has announced new import tariffs of 10 and 12.5 per cent on goods from more than 80 countries, including Nigeria, citing concerns over alleged forced labour in global supply chains. The new measures, which take effect on Friday July 24, replace the earlier 10 per cent global duty introduced by President Donald…
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NIGERIA, EU DEEPEN PARTNERSHIP ON SECURITY, TRADE, INVESTMENT
Nigeria and the European Union (EU) have reaffirmed their commitment to strengthening bilateral ties, with renewed focus on security, trade, investment, renewable energy and sustainable development. The commitment was made during a meeting in Abuja between the Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, and the EU Ambassador to Nigeria and ECOWAS, Gautier Mignot. Both…
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GERMANY SEEKS STRONGER ENERGY, TRADE TIES WITH NIGERIA
Germany has reaffirmed its commitment to deepening cooperation with Nigeria in energy, trade and investment, describing the country as a strategic partner and a reliable supplier helping to strengthen Europe’s energy security. German Foreign Minister Johann Wadephul made the pledge during a reception in Lagos ahead of high-level talks with Nigeria’s Foreign Minister, Ambassador Bianca…
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JACK-RICH, ERIC TRUMP PUSH FOR SRONGER U.S.-NIGERIA PARTNERSHIP TO DRIVE AFRICA’S GROWTH
A stronger partnership between Nigeria and the United States could unlock new opportunities for economic growth, industrialisation and job creation across Africa, according to business leader Tein Jack-Rich. Speaking at the Celebrate America 250 event in Washington, D.C., the President of Belemaoil Group said Nigeria’s abundant natural resources, youthful population and strategic importance position it…
