International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday urged countries to swiftly resolve trade disputes that threaten global economic growth. She said the unpredictability arising from President Donald Trump’s aggressive campaign of taxes on foreign imports was causing companies to delay investments and consumers to hold off onContinue Reading
Economic relations between Egypt and Saudi Arabia witnessed significant growth in 2024, with the total volume of trade exchange reaching U.S.$15.98 billion, official data released by the Saudi Ministry of Investment indicated. This figure represents a 29 per cent increase compared to the previous year, as reported by Sada El-Balad,Continue Reading
By Rukayat Moisemhe Representatives from Nigeria and India have explored ways to strengthen their long-standing friendship and bilateral trade partnership while identifying new areas of cooperation. This was the focus of the Nigeria-India Bilateral Business Meeting held in Lagos on Thursday. Mr Gabriel Idahosa, President of the Lagos Chamber ofContinue Reading
By Lucy Ogalue The Standards Organisation of Nigeria (SON) says compliance with tyre standards will ensure road safety and position Nigerian businesses for global trade under the African Continental Free Trade Area (AfCFTA). The Director-General of SON, Dr Ifeanyi Okeke, said this at a sensitisation programme for tyre dealers atContinue Reading
Costs By Vivian Emoni The Federal Government has reaffirmed its commitment to reducing the cost of transporting goods and services by air, land, and sea to boost production across the country. Dr Jumoke Oduwole, Minister of Industry, Trade and Investment, made this known during a ministerial briefing organised by theContinue Reading
By Rukayat Moisemhe Dr Jumoke Oduwole, Minister of Industry, Trade and Investment, says under the current administration, Special Economic Zones (SEZ) are being prioritised and positioned at the heart of Nigeria’s economic resurgence. Oduwole said this at the Third SEZ Annual Meeting on Thursday in Lagos. The meeting had theContinue Reading
By Lucy Ogalue The Minister of Trade and Investment, Dr Jumoke Oduwole, says the ministry will fully digitise its operations by the end of 2025 to enhance efficiency. Oduwole said this at the signing of a Memorandum of Understanding (MoU) between the ministry and the AIG Imoukhuede Foundation on TuesdayContinue Reading
JBy Vivian Emoni The Nigerian Export Promotion Council (NEPC) has said that the country’s trade volume reached 7.2 metric tons in 2024, with a 20.7 per cent increase in value, totaling 5.45 billion dollars. Dr Nonye Ayeni, Executive Director of NEPC, said this on Monday in Abuja during the presentationContinue Reading
By Lucy Ogalue The Minister of State for Industry, Trade, and Investment, Sen. John Enoh, says the Federal Government is committed to balancing trade through policies that support local production while managing imports. Enoh stated this while speaking on the nation’s trade strategy, at the 2025 Renewed Hope Global VirtualContinue Reading
By Mark Longyen The Economic Community of West African States (ECOWAS) has called on West African entrepreneurs to strengthen subregional trade, saying it is collaborating with the private sector to boost subregional economic growth. Dr Omar Touray, President of the Commission, made this known at the inaugural editionContinue Reading
