Trade and Commerce

The European Union has announced a major investment of €4.7 billion in South Africa. This money will be used to support the country’s transition to green energy and boost vaccine …

Kenya has been named the largest importer of second-hand clothes in Africa, a title that highlights the country’s ongoing struggle to revive its textile industry while serving as a dumping …

THE Federal Operations Unit (FOU), Zone A of the Nigeria Customs Service, NCS, has said that it intercepted smuggled items valued at over N1 billion within the last four weeks. Speaking …

Nigeria’s foreign trade via maritime transport surged by 91% in 2024, reaching N130.75 trillion, up from N68.44 trillion in 2023, according to the National Bureau of Statistics (NBS). Exports dominated …

Nigeria’s once-booming textile industry is now a shadow of its former self, as cheap imports from China, high production costs, and weak government policies have crippled local manufacturing. In the …

The Dangote Refinery in Lagos has emerged as a key player in global energy markets as its exports significantly increase US jet fuel imports. In March 2025 alone, six vessels …

Depot owners in Nigeria have expressed dissatisfaction with the Federal Government’s Naira-for-Crude oil arrangement, highlighting challenges in the current policy. The initiative, which began in October 2024, allows local refineries, …

The Federal Ministry of Industry, Trade and Investment has called an emergency meeting to address the growing concerns over a new levy introduced by the Financial Reporting Council of Nigeria …

Concerns have continued to mount over the negative impact of operations in Nigeria’s Free Trade Zones (FTZs) on local businesses and manufacturers, as industry stakeholders decry what they describe as …

Uganda has reported a substantial increase in its merchandise imports, reflecting a 45% growth over the past year. This surge is indicative of the country’s expanding economic activities and increasing …