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...

AfCFTA : Afreximbank Pledges $40 billion to Support Intra-African Trade The President and Chairman of the Board of Directors, Afreximbank, Prof Benedict Oramah, has welcomed the need for deliberate action to remedy the continued reliance of Africa on external trade partners, noting that the African...

AfCFTA: Buhari Decries Low-level Trade Among African Countries  President Muhammadu Buhari has said the African Continental Free Trade Area (AfCFTA) will succeed if African governments demonstrate a higher level of commitment to tackle the slow pace of physical integration, political cooperation and tariff barriers that...

Amb Takalmawa Urges African PR Practitioners to Celebrate AfCFTA, Boost Continent's Image   The Nigerian High Commissioner to Tanzania Amb. Hamisu Umar Takalmawa has called on African PR practitioners and media to emphasise the benefits of the African Continental Free Trade Area (AfCFTA). The diplomat made the...

AfCFTA: Fed Govt To Grow States’ Export Capacity To $1.2bn   The Federal Government, through the National Action Committee on African Continental Free Trade Agreement, said on Monday that the first of its strategic goals under the AfCFTA implementation plan is to grow the export capacity...

Nigeria’s Foreign Trade Deficit Drops To N1.9trn       Nigeria’s foreign trade deficit narrowed by 110.9 per cent to N1.87 trillion in the second quarter (Q2) compared with the first quarter on account of an increase in the value of oil export. According to foreign trade data released...