trade

Nigeria’s Balance of Payments Surges to $6.83 Billion Surplus in 2024

Nigeria’s Balance of Payments Surges to $6.83 Billion Surplus in 2024

Nigeria recorded a Balance of Payments (BOP) surplus of $6.83 billion in 2024, reversing consecutive deficits of $3.34 billion in… Read More

4 months ago

EU to Announce Countermeasures Against U.S. Tariffs

The European Union Commission has just announced it will  will impose countermeasures against U.S. tariffs starting April 15, 2025. This… Read More

4 months ago

China Imposes 84% Tariffs on US Goods, Escalating Trade War

China just announced an 84% tariff on US goods, effective April 10, in response to the US imposing a 104%… Read More

4 months ago

U.S. Criticizes Nigeria’s Import Bans on 25 Products

The United States Trade Representative (USTR) publicly criticized Nigeria for imposing import bans on 25 product categories, a move that… Read More

4 months ago

Trump’s Tariffs Threaten Nigeria’s Oil-Dependent Economy and Trade Future

US President Donald Trump has slapped a blanket 14% tariff on all Nigerian exports to the United States, starting April… Read More

4 months ago

White House debunks 90-Day tariffs pause rumors “fake news” as global trade talks intensify

Rumors of a 90-day pause on President Donald Trump’s sweeping tariffs have been firmly dismissed by the White House as… Read More

4 months ago

China Imposes 34% Tariffs on U.S. Goods in Response to Trump’s Trade Policies

China’s latest tariffs come as a direct response to Trump’s trade policies, which have included a 34% tariff on Chinese… Read More

4 months ago

Trump’s Liberation Day Tariffs: Implications for African Economies and Nigerian-U.S. Trade

US President Donald Trump announced on April 2, 2025, a broad list of tariffs as part of his "Liberation Day"… Read More

4 months ago

Trump’s Liberation Day Tariffs

On April 2, 2025, U.S. President Donald Trump unveiled a broad new tariff regime, a sharp escalation of his administration's… Read More

4 months ago

Business File: U.S. Showcases California Wines, Expands Trade Opportunities in Nigeria

Lagos––The Foreign Agricultural Service of the U.S. Mission in collaboration with the California Wine Institute organized a trade promotion event… Read More

4 months ago