India Signs $100b Free Trade Deal With Four Countries

India Signs $100b Free Trade Deal With Four Countries

India has signed a free trade agreement (FTA) with a group of four European countries that are not members of the European Union. The deal with the European Free Trade Association (EFTA) will see investments in India of $100bn (£77.8bn),...
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Experts Propose Advancing AfCFTA  Implementation As Theme Of Next Conference Of Ministers

Experts Propose Advancing AfCFTA  Implementation As Theme Of Next Conference Of Ministers

The next Economic Commission for Africa Conference of African Ministers of Finance, Planning and Economic Development (COM2025) will be held in Ethiopia in March 2025. A statement issued on Sunday explained that at the closing of the Experts Segment of...
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Shippers’ Council, Lekki Port To Strengthen Relationship, Boost Trade

Shippers’ Council, Lekki Port To Strengthen Relationship, Boost Trade

The Nigerian Shippers’ Council (NSC) has reiterated its commitment to work with the management of Lekki Deep Seaport as part of measures to promote seamless movement of cargoes. The Executive Secretary and Chief Executive Officer of NSC, Barr....
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At IATF 2023, Ecobank Group Champions Intra-African Trade Growth

At IATF 2023, Ecobank Group Champions Intra-African Trade Growth

Ecobank Group has said it is positioned as the ‘go to’ bank for payments and trade in Africa. Eric Odhiambo, Group Executive, Corporate and Investment Banking, Ecobank Group who was speaking on the ongoing Intra-African Trade Fair 2023 (IATF 2023) tak...
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Dangote Implores African Countries On Trade Barriers

Dangote Implores African Countries On Trade Barriers

President of the Dangote Group, Aliko Dangote has urged African countries to dismantle all economic barriers hindering free trade among the nations, in order to achieve sustainable growth and development across the continent. The leading private sector player ...
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U.S.-Africa Trade Council Holds Global Summit In October

U.S.-Africa Trade Council Holds Global Summit In October

The U.S.-Africa Trade Council (USAfriTC), along with partner organizations across Africa, United Kingdom and United States, is to hold the next edition of the U.S.-Africa Trade and Investment Global Summit (USATIGS) on October 18-21, 2023, in Atlanta, Geo...
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<strong>Price Cap On Russian Refined Fuels To Disrupt Trade</strong> 

Price Cap On Russian Refined Fuels To Disrupt Trade 

The European Union’s ban on imports of Russian refined oil products, including diesel and jet fuel, will disrupt global flows once it takes effect on Sunday and could hurt Moscow more than an embargo on crude oil.  Although Western sanctions...
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Elumelu Laments Trade Discrimination Against Africa  

Elumelu Laments Trade Discrimination Against Africa  

Africa suffers the most trade discrimination in the whole world, Chairman, Heirs Holdings, Mr Tony Elumelu has said, calling on its leaders to address the barriers facing the continent.   Elemulu said this at a side event on “Charting the Course:.....
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LCCI Tasks FG On N1.97tri Q2 Trade Surplus

LCCI Tasks FG On N1.97tri Q2 Trade Surplus

The Lagos Chamber of Commerce and Industry (LCCI) has tasked the Federal Government with investments in export infrastructure and other mechanisms to sustain the country’s trade surplus of N1. 97 trillion recorded in the second quarter of 2022.  LCCI presid...
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ICC Seeks Trade Facilitation Partnership With Shippers’ Council 

ICC Seeks Trade Facilitation Partnership With Shippers’ Council 

The International Chamber of Commerce (ICC) has sought the collaboration of the Nigerian Shippers’ Council (NSC) to aid trade facilitation in Africa.  The Chairman, ICC Global Customs and Trade Commission, Mr Segun Olugboyegun made the call when he led ...
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Nigeria Decries Low Trade Level With Egypt

Nigeria Decries Low Trade Level With Egypt

Nigeria on Monday decried her low level of trade with Egypt, two economic powers on the African continent.  Nigeria’s ambassador to the northern African country, Malam Nura Rimi, noted that statistics showed that notwithstanding the sizes of the two eco...
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Shippers’ Council, CBN, UBA, Fidelity Bank, Others Harp On Trade Facilitation 

Shippers’ Council, CBN, UBA, Fidelity Bank, Others Harp On Trade Facilitation 

By Moses Ebosele, ebosele@hotmail.com   — Trade facilitation took the centre stage, in Lagos, on Saturday as key stakeholders brainstorm on challenges, existing modalities and gains recorded so far.   Speaking at the event, which forms part ...
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Nigeria, Japan Trade Volume Hits $1b 

Nigeria, Japan Trade Volume Hits $1b 

The annual bilateral trade volume between Nigeria and Japan stands at $1 billion, the Ambassador of Japan to Nigeria, Mr Matsunaga Kazuyoshi, has said.  Speaking at the 2nd Japan-Nigeria business facilitation council meeting on Friday in Abuja, Kazuyoshi expl...
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Nigeria, Turkey Trade Volume To Expand By $5b

Nigeria, Turkey Trade Volume To Expand By $5b

President Recep Tayyip Erdogan says the Nigeria, Turkey trade volume will be expanded by five billion dollars, immediately, to further boost socio-economic ties between the two countries.  Erdogan stated this when he addressed newsmen at the end of a clos...
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