President Bola Ahmed Tinubu has instructed the National Single Window (NSW) Steering Committee to ensure the full implementation of the digital trade facilitation platform by the first quarter of 2026. …
Trade and Commerce
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BusinessDigital EconomyEconomyGOVERNMENTTechnologyTrade and Commerce
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BusinessEconomyEnergyInfrastructureINVESTMENTTrade and Commerce
UK Businesses Eye Nigeria, Africa for Strategic Growth Amid Mineral Wealth, Reforms
British businesses are showing growing interest in Nigeria and other African countries as the continent becomes a key target for international investments. This development is driven by Africa’s vast mineral …
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AfricaAFRICA NEWSEconomyFinance & ServicesTrade and Commerce
Algeria Tightens Controls to Curb Capital Flight and Import Fraud
Met with a growing loss of foreign currency and mounting pressure on its economy, the Algerian government has intensified its crackdown on fraudulent import practices that have long drained its …
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DevelopmentEconomyInternational RelationsPoliticsTrade and Commerce
G20 Finance Talks Strained by US Absence and Trade Tensions
As top finance ministers from around the world gather at a beachside resort in South Africa for the G20 summit, the host nation is struggling to keep its agenda on …
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EconomyFinance & ServicesInternational RelationsOil & GasPoliciesTrade and Commerce
Naira Nears N1,530/$ as Forex Market Gains Confidence
The naira moved closer to N1,530 per dollar in the parallel market as trading resumed on Monday, July 21, 2025. This movement comes as Nigeria’s foreign exchange market maintains some …
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GOVERNMENTNigeriaTrade and CommerceTransportation & Logisitics
Court Rules Minister of Transportation
A Federal High Court sitting in Lagos has ruled that the Minister of Transportation and the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) have no legal authority …
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EconomyGOVERNMENTNigeriaSecurityTrade and Commerce
NIMASA Shuts ShellPlux, TMDK Terminals Over Security Code Violations in Lagos
The Nigerian Maritime Administration and Safety Agency (NIMASA) has ordered the shutdown of ShellPlux and TMDK Terminals located in the Ijegun-Egba area of Lagos State. The closure was carried out …
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Eastern AfricaEconomyGOVERNMENTTrade and Commerce
Uganda Boosts Foreign Reserves to $4.3bn on Strong Exports
Uganda’s foreign exchange reserves have seen a major increase, jumping from $3.2 billion to $4.3 billion within one year. This rise represents about a 33% growth, giving the East African …
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EconomyNigeriaSecurityTrade and Commerce
SEREC Urges Full Review of Bonded Terminals, Commends Nigeria Customs Reforms
The Sea Empowerment and Research Centre (SEREC) has called on the Federal Government and the Nigeria Customs Service (NCS) to urgently review the operations of bonded terminals across the country. …
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AfricaBanking, Finance & InvestmentFinance & ServicesFintechTechnologyTrade and Commerce
UBA’s AI Chatbot LEO Now Facilitates Cross-Border Payments in Africa
United Bank for Africa (UBA) Plc, one of the continent’s biggest financial institutions, has announced that its Artificial Intelligence (AI) chatbot, LEO, is now capable of performing cross-border payment transactions. …