Hafsat Ibrahim

The New Push to Break Africa’s Trade Barriers, by Abdulsalam Mahmud

Speaking during the engagement, Comptroller-General Adeniyi articulated a vision that captures the essence of Africa's economic future. According to him, the partnership rests on the conviction that Africa's greatest trading partners are Africans themselves. It is a simple idea, yet one with profound implications for industrialisation, job creation and economic independence.

Nigeria, UAE Expand Trade Under CEPA Framework

Nigeria and the United Arab Emirates (UAE) are seeking to expand trade and investment under their newly signed Comprehensive Economic Partnership Agreement (CEPA), officials confirmed after a meeting in Abuja.

FG Raises ₦5trn from Bonds in Six Months

The Federal Government raised ₦5.08 trillion from the domestic bond market in the first half of 2026, a 77.8% increase compared to ₦2.86 trillion in the same period of 2025, according to analysis of Debt Management Office (DMO) auction results.

Nigeria Spends $920m on Foreign Debt in Two Months

Nigeria spent nearly $1 billion servicing foreign loans in the first two months of 2026, according to the Central Bank of Nigeria’s February Economic Report

FG’s $500m Metering Project Achieves Just 7% of 1.3m Target – NERC

The Federal Government’s $500m World Bank-backed electricity metering programme has installed only 217,784 smart meters out of its target of 3.2 million, according to the Nigerian Electricity Regulatory Commission (NERC).

FX Market Turnover Falls 47% in One Week

Turnover in Nigeria’s foreign exchange market fell sharply in the week ending 10 July 2026, with activity across both the Spot and Derivatives segments dropping by nearly half.
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