November 12
Nigeria: Value of Unsold Goods Rises 357.6 Percent to N1.24trn - Man
Vanguard
The declining purchasing power of consumers has led to a 357.57 per cent rise in the inventory of unsold finished products of manufacturers in Nigeria to N1.24 trillion in the… Read more »
Nigeria: Exchange Rate to Hit N1.993/$ By 2028 - Fitch
Vanguard
·Says medical devices market to grow by 10.8% amid Naira depreciation Read more »
Nigeria: NBCC to Float British Trade Centre
Vanguard
Nigerian-British Chamber of Commerce, NBCC has revealed plans to launch British trade centre in Nigeria, a platform to serve as a resource centre for anyone making enquires about… Read more »
Nigeria: Comptroller - Customs Area 2 Generates N550.4bn in 10 Months
This Day
* Seizes 22 containers laden with illicit drugs, donkey skin Read more »
November 11
Nigeria: Mpox - Experts Identify Bushmeat Trade As Key Factor
Premium Times
Africa's annual wild meat harvest ranges from 1-5 million metric tonnes, compared to its 14 million metric tonnes of livestock production. Read more »
Nigeria: WTO Confirms Ngozi Okonjo-Iweala As Sole Candidate for DG
Premium Times
Following this, on 8 October, the WTO launched its official process for appointing its next Director-General, giving member states one month to submit further nominations Read more »
Africa: AfCFTA - Lekki Deep Sea Port Positions Lagos As West Africa's Trade Gateway - Sanwo-Olu
Daily Trust
Lagos State governor, Babajide Sanwo-Olu, has described the Lekki Deep Sea Port as a strategic component in his administration's vision to establish Lagos as West Africa's leading… Read more »
Nigeria: Nigeria-China Trade Volume Hits $15.1bn in 9 Months
Daily Trust
The bilateral trade between Nigeria and China reached an all-time high of $15.1 billion (about N25.7 trillion) between January and September 2024, with China's imports from Nigeria… Read more »
Nigeria: CJN Calls for Improved Strategies, Innovation to Protect Consumers' Data
This Day
Worried about the continuous misuse of personal data of telecoms consumers, which has exposed them to increased risk of identity theft, coupled with the frequent hacking of… Read more »
Zimbabwe: Moza-SA Border Post Closure Costs SA Dearly
The Herald
The closure of the Lebombo border post between South Africa and Mozambique, and the resultant disruption to cargo moving through the Maputo Port, is costing the South African… Read more »
Nigeria: Global Trade Remains in Contraction At Start of Q4
Vanguard
The worldwide Purchasing Managers' Index (PMI) surveys compiled by S&P Global Market Intelligence indicated that global trade in goods and services remained in deterioration at… Read more »
November 08
Africa: A Quiet Revolution in Greening Global Trade [guest column]
allAfrica
As the world braces for the upcoming COP29 climate summit in Baku, the chasm between environmental pledges and tangible action remains far too wide. Despite decades of promises,… Read more »
Kenya: Will Trump Scrap Biden's Kenya Trade Deal and Revive 2020 Talks?
Business Day Africa
Former US President Donald Trump's return to the White House has cast uncertainty over trade talks between Kenya and the United States, which were revived under President Joe… Read more »
November 07
Nigeria: CSOs Seek End to Petrol Importation
Leadership
A coalition of civil society organisations has called for the end of importing petroleum products to support the country's local refineries. Read more »
Nigeria: 'Trade Agreements With African Countries Will Benefit Nigerians'
Daily Trust
State governments in Nigeria have been urged to enter into trade and investment partnerships with African nations to boost intra-African trade and improve the welfare and… Read more »
Nigeria: APC, PDP Trade Words Over Okowa's Arrest
Daily Trust
The Delta State chapter of the All Progressives Congress (APC) has praised the Economic and Financial Crimes Commission (EFCC) for arresting former Delta State Governor Ifeanyi… Read more »
Nigeria: Fuel Price Hike - We Need More Prayers to Avert Famine, Mbaka Warns
Vanguard
The Spiritual Director of the Adoration Ministry in Enugu State, Rev. Fr. Ejike Mbaka, has expressed deep concern over the rising fuel prices in Nigeria, emphasizing the urgent… Read more »
November 06
Africa: Trump Win Could Jeopardise Agoa Renewal, Putting Africa At a Crossroads
Business Day Africa
A potential victory for former U.S. President Donald Trump in this election could leave African countries at a critical moment, as the African Growth and Opportunity Act (AGOA) is… Read more »
Ethiopia: Ethiopia in Full Swing to Launch Trade Under AfCFTA
Ethiopian Herald
Ethiopia is finalizing its national strategy to begin commodity trading under the African Continental Free Trade Area (AfCFTA) agreements, announced the State Minister of Trade and… Read more »
Africa: Easing Travel Restrictions to Boost Intra-African Trade
Africa Renewal
Calls intensify for countries to ease restrictions on movement of persons to boost AfCFTA implementation and regional integration. Read more »
Nigeria: Apapa Customs Records Over N1.8trn Revenue in 10mths
Vanguard
·Confiscates 6 containers of expired pharmaceuticals Read more »
Zimbabwe: Construction of Mbare Market Temporary Structure Begins
The Herald
Construction of the temporary traders' market at Mbare Musika in Harare by Masimba Holdings has started. Read more »
November 05
Africa: Online Shopping to Reach $75bn in Africa - Jumia
Daily Trust
Jumia, Nigeria's leading e-commerce platform, has announced the launch of Black Friday campaign, running from November 1st to November 30th. Read more »
Kenya: Customs Facilitates First Shipment From Nigeria to Kenya Under AfCFTA
Vanguard
The Nigeria Customs Service (NCS) has facilitated Nigeria's first shipment to Kenya under the African Continental Free Trade Area Agreement (AfCFTA), with Lucky Fibres, a… Read more »
Nigeria: Petrol Price - Marketers Set to Import Cheaper Products
Vanguard
·As Dangote, Pinnacle deny blending substandard petroleum products Read more »
