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AfCFTA lifts Nigeria’s intra-African trade by 21% to $9.02bn in 2025

Nigeria recorded a 21 per cent increase in intra-African trade in 2025, with total trade rising to $9.02 billion as the implementation of the African Continental Free Trade Area (AfCFTA) continued to unlock new export opportunities and deepen regional commercial integration, as businesses leveraged preferential market access and lower trade barriers. The latest African Trade Report […]

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SMEDAN unveils N500m zero-interest fund for MSMEs

By Yinka Kolawole The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has unveiled Grow Fund for Small Businesses in Nigeria, a N500 million zero-interest fund for Micro, Small and Medium Enterprises (MSMEs) in the country. SMEDAN Director-General, Charles Odii, announced the initiative, in Abuja, as part of activities to mark the 2026 World MSME […]

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Export rerouting erodes Nigeria’s gains despite N7.55trn trade surplus — NESG

By Yinka Kolawole The Nigerian Economic Summit Group, NESG, has warned that export rerouting through neighbouring countries is undermining Nigeria’s trade competitiveness and depriving the economy of significant domestic value, despite the country’s impressive N7.55 trillion trade surplus recorded in the first quarter of 2026. The warning comes as data from the National Bureau of Statistics, NBS, […]

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