7 articles tagged
An analysis of Nigeria's economic outlook for 2026 highlights persistent challenges such as insecurity, slow reform implementation, and global economic shifts. Despite these hurdles, the article suggests that strategic management of domestic factors and global engagement could pave the way for inclusive growth.
The Federal Government has introduced a new report designed to facilitate Micro, Small, and Medium Enterprises (MSMEs) in tapping into the $3.5 trillion African Continental Free Trade Area market by improving digital trade mechanisms.
Nigeria, alongside Afreximbank, the African Union Commission, and the AfCFTA Secretariat, has officially signed an agreement to host the 2027 Intra-African Trade Fair (IATF2027) in Lagos. The city will also host the Creative Africa Nexus 2026 event.
At a recent colloquium in Abuja, government officials emphasized the need for greater support for women-led businesses to enhance Nigeria's competitiveness and fully leverage the benefits of the African Continental Free Trade Area (AfCFTA).
The National Assembly has committed to taking legislative measures to implement the AfCFTA Agreement, aimed at boosting Nigeria's economic prospects. Leaders emphasize the need for strategic oversight and action to ensure benefits from this continental initiative.
Dr. Yemi Kale, Afreximbank's Group Chief Economist, has urged Nigeria to leverage its ongoing bank recapitalisation efforts to bridge the continent's significant trade finance gap, estimated between $80 billion and $120 billion annually. He highlighted that stronger bank capital is crucial for financing domestic producers and accelerating intra-African trade under the AfCFTA.
The United Arab Emirates has announced intentions to invest over $10 billion in Nigeria, leveraging opportunities from the African Continental Free Trade Area (AfCFTA) and Lagos' status as a financial hub. This announcement was made during the Investopia Global Africa event in Lagos.
