Browsing Tag
Trade
37 posts
SEREC Cautions That New 12.5% U.S. Tariff Threatens Nigerian Exports
The Sea Empowerment & Research Center warns that a new 12.5% U.S. tariff on Nigerian goods could harm non-oil exports, reduce foreign exchange earnings, and threaten the local economy.
Okonjo-Iweala Urges Nigeria and Africa to Process Minerals Locally Before Export
WTO DG Ngozi Okonjo-Iweala and CBN Governor Olayemi Cardoso advocate for local mineral processing, internal trade integration, and economic reform to secure Africa’s place in the global green energy market.
Customs agents warn of demonstrations following claims of shipping manifest fraud
Members of the ANLCA are threatening to protest against shipping companies like MSC and Hapag-Lloyd, citing corrupt practices linked to misleading ship manifest declarations.
US administration prohibits imports of new Chinese humanoid robots
The Trump administration has banned imports of Chinese humanoid and four-legged robots, citing national security concerns, while also restricting power inverter imports.
House of Representatives Advances 13 Commercial Bills to Bolster Trade and Digital Economy
The House of Representatives has launched a public hearing on 13 bills, including the AfCFTA Domestication Bill, aimed at modernizing Nigeria's commercial laws and boosting its digital economy.
Analyst Explains Why New US Import Tariffs Will Have Minimal Effect on Nigeria
Financial expert Dr. Muda Yusuf explains why the 12.5 percent US import tariffs are expected to have a limited impact on the Nigerian economy.
Shein reports quarterly loss as US tariff shifts hamper sales
Shein has recorded a quarterly loss of $99 million as the loss of US 'de minimis' tax exemptions and international logistical issues hinder the retailer's growth ahead of a planned Hong Kong IPO.
ECOWAS Mandates Release of Nigerian Onion Trucks in Ghana
ECOWAS intervened to secure the release of five Nigerian onion trucks detained in Ghana, though regional agricultural groups are calling for a permanent trade framework to prevent future disputes.
Adamawa State Reviews Disputed Shop Allocations at Modibbo Adama Modern Market
Adamawa State is investigating claims of fraudulent shop allocations at the new Modibbo Adama Modern Market following complaints from traders.
Nigerian onion suppliers call on Ghana to release detained shipments
The Regional Observatory of Onion in West and Central Africa has urged the Ghanaian government to intervene after five trucks carrying Nigerian onions were blocked from unloading at Kotoku Market.