The African Export-Import Bank (Afreximbank) has launched a $3 billion revolving credit facility to help buyers across Nigeria, Africa, and the Caribbean access refined petroleum products from within the continent. …
AFCFTA
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AfricaDangote IndustriesEnergyFinance & ServicesInfrastructureSpotlightTrade and Commerce
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AfricaBusiness InsightsEconomyInternational RelationsINVESTMENTManufacturingNigeriaPoliciesSouth AfricaSpotlightTrade and Commerce
Trump’s Tariff War Shakes African Economies, Sparks Fresh Push for Trade Alternatives
The recent trade decision by United States President Donald Trump is now causing serious economic pressure across Africa. President Trump, under his “Liberation Day” trade policy, has introduced fresh tariffs …
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BusinessBusiness InsightsEconomyFashion & StyleNigeriaTechnologyTrade and CommerceWestern Africa
Nigerian Fashion Industry Attracts Global Attention As Local Production Rises
Stakeholders in the fashion sector say Nigeria is on the verge of a major fashion industry boom, as global investors and designers begin to show serious interest in the country’s …
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AgricultureEconomyManufacturingPoliciesTrade and Commerce
Experts Say Nigeria Must Boost Production to Benefit from AfCFTA Tariff Removal
Economic experts have warned that Nigeria must increase local production and industrialisation if it wants to truly benefit from the African Continental Free Trade Area (AfCFTA) agreement, which offers a …
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BusinessEconomyTrade and CommerceTransportation & Logisitics
Nigerian Ports, Shippers’ Council Call for Better Public-Private Efforts to Fix Port Problems
The Nigerian Shippers’ Council (NSC) and the Nigerian Ports Authority (NPA) have again raised concerns over the poor state of the country’s seaports. They are now calling for stronger cooperation …
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Small and Medium Enterprises (SMEs) across Nigeria are raising fresh concerns over their inability to restock goods in malls and retail outlets, pointing to regulatory hurdles, inflation, access to credit, …
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BusinessEconomyFinance & ServicesGOVERNMENT
Afreximbank Invests Over $50bn in Nigeria in 10 Years, Opens Trade Centre in Abuja
Afreximbank has pumped over $50 billion into Nigeria’s economy in the last ten years. The bank said the money was spread across major sectors like energy, manufacturing, healthcare, transport, infrastructure, …
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BusinessEconomyInternational RelationsPoliticsTrade and Commerce
Trade Among Yourselves to Survive Trump’s Tariff, Ecobank Boss Advises Nigeria
The Chief Executive Officer of Ecobank Transnational Inc., Mr. Jeremy Awori, has called on Nigeria and other African countries to increase trade among themselves in order to reduce the possible …
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AfricaBusiness and EconomyLesothoTrade and Commerce
Lesotho’s Textile Industry Under Threat as U.S. Slams 50% Tariff
Thousands of jobs in Lesotho’s textile industry may be at risk following the new 50% tariff imposed by the United States under the leadership of President Donald Trump. The small …
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The Nigerian government, in a bid to boost trade with South East Asia and maximize the African Continental Free Trade Area (AfCFTA) agreement, has announced plans to make $336 billion …