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FG unveils $1bn AfCFTA credit facility to boost Nigerian exports

Minister of Industry, Trade, and Investment, Jumoke Oduwole. Photo: X @joduwole The Federal Government has reaffirmed its commitment to accelerating Nigeria’s export-led growth agenda under the African Continental Free Trade Area, unveiling opportunities for businesses to access a $1bn AfCFTA Adjustment Fund Credit Facility designed to boost production, competitiveness and intra-African trade. The Minister of […]

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June 9, 2026
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Nigeria’s trade surplus jumps 341% to N7.55tn in 2026 Q1 – NBS

Nigeria recorded a sharp improvement in its merchandise trade balance in the first quarter of 2026 as exports rose and imports declined significantly, pushing the country’s trade surplus to N7.55tn. According to the National Bureau of Statistics’ Foreign Trade in Goods Statistics report released on Monday, total trade stood at N34.79tn in the review period, […]

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June 9, 2026
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Nigeria-UAE non-oil trade hits $5bn

Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu receiving congratulatory letter from the Ambassador of the United Arab Emirates to Nigeria, Salem Saeed Al-Shamsi, on behalf of the country’s Deputy Prime Minister and Minister of Foreign Affairs, His Highness Sheik Abdullah bin Zayed Al Nahyan on her recent elevation by President Bola Tinubu, in Abuja. Photo […]

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May 31, 2026
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World

Nigeria becomes UK’s largest African export market as trade hits £8.1bn

Nigeria has been named the United Kingdom’s largest export market in Africa, as bilateral trade between both countries hits a record of £8.1 billion, with the two nations moving to convert high-level diplomatic ties into concrete commercial deals. This comes as the UK concluded its first trade and investment mission to Nigeria since the recent […]

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April 21, 2026
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