African Nations Urged to Harness AfCFTA for Economic Growth Countries on the continent of Africa have been urged to take advantage of the advantages inherent in the African Continental Free Trade Agreement protocols to boost their economies and leapfrog food security in the sub-Saharan region. This...

Trends that will Shape Nigeria's Economic Trajectory  Rising inflation, lower consumer purchasing power, global supply-chain bottlenecks, and forex shortages may continue to impact manufactured output in 2024. Professional services firm, PricewaterhouseCoopers (PwC Nigeria) made this projection in its latest Nigeria Economic Outlook, which highlights the seven...

FG Decries 4% Intra-African Low Trade The federal government has decried the low level of Trade between Nigeria and other African countries as the African Continent Free Trade Area Agreement nears full implementation. The Minister of Industry, Trade and Investment, Doris Uzoka-Anite stated this yesterday in...

Africa Will Earn Over $70bn From Internal Trading – AfCFTA The Africa Continental Free Trade Area has said that internal trading will earn Africa more than $70 billion development assistance. The Chief of Staff of the AfCFTA Secretariat, Silver Ojakol, made the assertion at the 2023...

MAN Tasks Exporters On AfCFTA As Nigeria's Absence Sparks Reaction   The Manufacturers Association of Nigeria Export Promotion Group (MANEG), a subgroup of the Manufacturers Association of Nigeria (MAN), has urged exporters in the country to fully participate in the African Continental Free Trade Agreement (AfCFTA)...

Nigeria’s Intra-African Trade Drops by 12% to N842.6bn in Q1   Nigeria’s intra-African trade has continued to underperform expectations despite the commencement of the African Continental Free Trade Area (AfCFTA) as the trade value fell Year-on-Year (YoY) to N842.6 billion in the first quarter of 2023...