ECOWAS To Promote African Products At 2024 Ecofairs In September, the Economic Community of West African States (ECOWAS) and friendly countries will meet in Lagos for the fourth edition of Ecofairs, aimed at promoting trade among West African countries. The Chief Executive Officer of Ecofairs, Sylvester...

Forex: Nigeria Lost $1.4 billion Over Restrictions According to the Central Bank of Nigeria (CBN), Nigeria has lost approximately $1.4 billion over the restriction of forex to 43 items by the Central Bank under the leadership of Godwin Emefiele. The Deputy Governor of the CBN in...

How New Customs Act 2023 'll Boost Trade Facilitation, Tackle Smuggling - CG Adeniyi   Acting Comptroller General of the Nigeria Customs Service, NCS, Mr. Bashir Adewale Adeniyi, has assured that their Service will promote economic trade for the country, and aggressively tackle smuggling through robust...

Russia-China Trade On The Rise, Hits $136bn   The volume of trade between Russia and China has continued to grow, hitting $136 billion in the first nine months of this year, the National Bureau of Statistics of China reported on Monday. According to their data, bilateral economic...

Nigeria Bans Foreigners From Buying Agricultural Produce From Farmers Nigeria's government prohibits foreigners from purchasing agricultural produce directly from farmers. The government says middlemen exploit farmers by buying cheaply and driving up prices. The Federal Executive Council (FEC) announced the ban on its Twitter account, saying...

Nigerian, Malaysian Trade Now $845.6m   The Malaysian High Commissioner to Nigeria, Gloria Tiwet has said that the value of bilateral trade between both countries increased to $845.6 million in 2020 despite the COVID-19 pandemic, which disrupted global trade. Tiwet stated this at a meeting with the...