British American Tobacco Nigeria (BAT Nigeria) has received praise for its strong contribution to Nigeria’s manufacturing industry, after recording more than $300 million in export earnings between 2022 and 2024. …
Category:
Trade
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DevelopmentEconomyManufacturingNigeriaTrade
Industrialists worry as raw imports from Asia hit N1.72tn
Nigeria imported raw materials worth N1.72tn from Asia in the first half of 2025, according to new figures released by the National Bureau of Statistics. The number shows how strongly …
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AfricaEconomyGovernanceNigeriaTrade
PRESIDENT TINUBU SAYS TRADE REFORMS WILL BOOST NIGERIA’S GLOBAL COMPETITIVENESS
President Bola Ahmed Tinubu has said that the Federal Government’s ongoing trade reforms, including the unification of the exchange rate, removal of fuel subsidy, and continued port modernisation, were introduced …
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BusinessEconomyEnergyOil & GasTrade
Dangote Refinery’s Petrol Price Cut May End Fuel Importation in Nigeria
Petroleum marketers in Nigeria may soon stop importing petrol as the Dangote Petroleum Refinery has slashed its ex-depot price by ₦49 per litre, a move that is already reshaping the …
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DevelopmentEconomyGlobal DevelopmentGovernancePoliciesTrade
Experts Urge G20 to Tackle Global ‘Inequality Emergency’ as Wealth Gap Widens
Wealth inequality has reached crisis levels globally, threatening democracy, economic stability, and social cohesion, experts have warned ahead of the G20 summit set to take place later this month in …
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EconomyInfrastructureINVESTMENTNigeriaTrade
Lagos Free Zone Touted as Prime Destination for Nordic Investors in Nigeria’s Expanding Economy
The Lagos Free Zone (LFZ), Nigeria’s first private special economic zone developed by Tolaram, has been described as one of the most attractive destinations for Nordic investors seeking long-term opportunities …
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BusinessEconomyGovernment PolicyINVESTMENTManufacturingTrade
Abia State, Abuja Chamber Invite Turkish Investors Ahead of Abia-Türkiye Investment Summit
The Abia State Government, in partnership with the Abuja Chamber of Commerce and Industry (ACCI), has called on Turkish investors to take advantage of the vast business and investment opportunities …
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BusinessGovernment PolicyManufacturingTrade
Manufacturers Association Urges FG to Set Annual Local Content Targets in Key Sectors
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to introduce annual local content benchmarks for public procurement across key industries such as automobiles, textiles, pharmaceuticals, and …
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CurrencyEconomyFinanceInternationalMonetary PolicyTrade
US Dollar Weakens as Markets Expect Fed Rate Cut Amid Renewed US-China Trade Tensions
The United States dollar weakened on Wednesday, losing ground against major global currencies as financial markets priced in a possible interest rate cut by the Federal Reserve. The decline comes …
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AviationBusinessEconomyTradeTransportation & Logisitics
Foreign Airlines Accused of Frustrating Cargo Clearance at Nigerian Airports
Licensed freight agents under the Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) have accused some foreign airlines of causing delays in cargo clearance at Nigerian airports …