By Esther Agbo Nigeria’s import activity has faced significant challenges in 2024, as evidenced by a sharp 65 percent decrease in foreign trade payments made through Letters of Credit (LC). The total value of LC payments dropped to $319.9 million…
The Federal Government and the United States of America have signed a Memorandum of Understanding on Commercial and Investment Partnership, marking a significant step in strengthening their economic ties. The agreement was signed on the sidelines of the 2024 AGOA…
The European Union (EU), says it remains Nigeria’s largest trading partner, with a total trade of almost €35 billion in 2023, accounting for about one-third of Nigeria’s foreign investment. Ms Samuela Isopi, the European Union Ambassador to Nigeria and ECOWAS,…
The Federal Government of Nigeria and the Kingdom of Saudi Arabia have pledged to improve bilateral relations, particularly in agriculture, trade and economic opportunities. This commitment was reaffirmed during a meeting between a delegation from Saudi Arabia, led by its…
The Federal Government on Wednesday in Abuja assured of policies that would promote investments and facilitate increased foreign and domestic trade. Dr Evelyn Ngige, the Permanent Secretary in the Ministry of Industry, Trade and Investment, made the promise at the…
Stakeholders in data and financial services sectors have called for a consistent policy harmonisation between the country’s monetary and fiscal policies to align with trade, exchange and income policies. They made the resolution in a communique issued at the end…
The United States Chamber of Commerce, through its subsidiary, US-Africa Business Center, has signed a Memorandum of Understanding with the African Continental Free Trade Area to advance trade between the US and Africa. The MoU was signed on Tuesday to…
Nigeria and Saudi Arabia have agreed to boost trade, investment and economic cooperation for mutual benefits. Malam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, confirmed this development in Makkah, Saudi Arabia, on Thursday. According…
