Four months after Nigeria flagged off its participation in the African Continental Free Trade Area under the Guided Trade Initiative, Nigerian exporters have said that the foreign exchange crisis in the country is hindering their participation on the platform valued to have a combined Gross Domestic Product of $3.4 trillion. In July the Federal Government through the Nigeria African Continental …

The Commonwealth is more relevant today than it has been in decades If there wasn’t this global alliance of mostly English-speaking nations based on common law principles, there would be a need to create one Commonwealth leaders are meeting this week on the island of Samoa for our bi-annual summit. Intense discussion over free and fair trade, security, and climate …

Manufacturers and stakeholders across Africa are advocating for the integration of blockchain technology to transform trade under the African Continental Free Trade Area. Blockchain technology is a key enabler for enhancing transparency, security, and efficiency in trade transactions across the continent. The President of the Pan-African Manufacturers Association (PAMA), Mansur Ahmed, said this push aligns with AfCFTA’s goals of increasing …

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Tuesday, said his administration is committed to positioning Micro, Small and Medium Enterprises (MSMEs) to take advantage of the Africa Continental Free Trade Area, (AfCFTA) by providing a platform and exposing them to skills required to accelerate the effectiveness to stimulate intra-African trade. He charged Nigerians, particularly small and medium-scale entrepreneurs to tap …

Standard Chartered report has revealed that Africa’s total exports are expected to hit close to $1 trillion by 2035. Standard Chartered published its Future of Trade: Africa report, highlighting the outlook for African trade and providing a view of the African Continental Free Trade Area (AfCFTA) as a key proponent of optimising intra-African trade. The report finds that Africa’s total …

The Africa Continental Free Trade Area (AfCFTA) has said that internal trading will earn Africa more than $70 billion in development assistance. The Chief of Staff of the AfCFTA Secretariat, Silver Ojakol, made the assertion at the 2023 Regional Integration Issues Forum (RIIF) which was held in Accra, Ghana. The RIIF is a sensitisation mechanism and an interface platform for …

Following the G-20 summit held in India, I have been amused by the debate about whether or not Nigeria should be more than a guest again at the next G-20 meeting in Rio, Brazil. If South Africa is a member, why not Nigeria? How do you offer Africa’s largest economy only a complimentary ticket every time to such an important …

The Director General of the National Agency for Food Administration and Control (NAFDAC), Prof Mojisola Adeyeye has said that Nigerian pharmaceutical companies must be ready to trade quality products approvable in the different countries through continental reliance among regulators. Adeyeye said this has become imperative as a result of the African Free Trade Agreement (AfcFTA) that allows free trade among …