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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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FG unveils 2026 push for industrial growth, trade, investment

The Federal Government is set to intensify efforts to drive industrial growth, expand trade, mobilise investment and boost non-oil exports in 2026 as part of its economic diversification agenda. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, stated this at a management retreat for directors-general, directors and chief executives of agencies under the ministry. She […]

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Illusions of $1trillion economy soon

By Dele Sobowale If it takes a whole minute to produce a fool in America, then Nigeria must be bringing them in at the rate of one a second. Nigerian politicians operate on the Barnum principle. Depending on who is dishing out the false dream, most Nigerians will believe anything. Trust politicians and their creative advisers. Every […]

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Tiamiyu Ibrahim emerges NAUS national president

The National Association of University Students, NAUS, has declared Tiamiyu Ibrahim of Ladoke Akintola University of Technology, Ogbomoso, as its president. The decision, reached by a majority of the association’s national stakeholders at a meeting held over the weekend in Abuja, followed what they described as Ibrahim’s sacrifice in stepping down during the previous electoral […]

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