Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

WAES 2025: Fair Trade, Local Production Key to AfCFTA Success

The Business NG

|

The BusinessNG

Leaders from government and business have called for greater coordination, fairer trade systems, and local production as essential ingredients for unlocking the African Continental Free Trade Area (AfCFTA).

The message came strongly during the 2025 West Africa Business Summit (WAES) in Lagos.

At a key panel session titled "Overcoming Barriers to Harnessing AfCFTA for Stronger Intra-Regional Trade in West Africa," panelists urged regional stakeholders to shift focus from theoretical frameworks to on-the-ground realities—particularly by supporting producers and improving informal trade systems.

MORE STORIES FROM The Business NG

The Business NG

Nigeria's Economy is Stronger-Cardoso

Nigeria's financial position has improved significantly, thanks to a surge in international trade and stronger banking reforms, the Central Bank of Nigeria (CBN) has revealed.

time to read

1 min

BusinessNg

The Business NG

SERAP Sues Akpabio, Abbas Over Missing N18.6bn NASC Office Funds

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas, over the alleged mismanagement of N18.6 billion intended for the construction of the National Assembly Service Commission (NASC) Office Complex.

time to read

1 min

BusinessNg

The Business NG

MPC Meeting: All Eyes on CBN as Analysts Predict Fresh Rate Cut

As Nigeria's Monetary Policy Committee (MPC) prepares to meet on November 24-25, analysts across the financial sector are forecasting another policy rate cut, citing easing inflation, stronger macroeconomic fundamentals, and improved foreign exchange stability. The meeting comes just weeks after the Central Bank of Nigeria (CBN) cut the Monetary Policy Rate (MPR) by 50 basis points to 27%, marking the first rate reduction in nearly ten consecutive policy meetings under Governor Olayemi Cardoso. Stakeholders say this week's meeting will be a decisive test of the CBN's confidence in Nigeria's emerging disinflation trend. Inflation eased to 16.05% in October—down from 18.02% in September—following the CPI rebasing exercise and improvements in food supply, FX liquidity, and general price stability.

time to read

1 min

The BusinessNG

The Business NG

More Nigerians Seek Schooling Abroad as Education Crisis Triggers $1.39bn Outflow

Nigeria’s persistent crisis in the education sector has continued to fuel a massive exodus of students to foreign institutions, with new data show-

time to read

1 min

The BusinessNG

The Business NG

2026 Tax Reform Triggers Concerns Over Data Privacy, Income Monitoring

Nigeria's new tax framework, set to take effect in January 2026, is stirring debate over the government's ability to access citizens' personal financial data, particularly for remote workers and Nigerians with foreign assets.

time to read

1 min

The BusinessNG

The Business NG

Nigeria Launches 2025 Oil and Gas Licensing Round on Dec 1

Nigeria is set to launch its 2025 oil and gas licensing round on December 1, as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) moves to revive the country's production capacity and attract fresh global investment.

time to read

1 min

The BusinessNG

The Business NG

Investors Scramble for N1.23tn T-Bills as Market Signals Yield Peak

Nigeria's Treasury Bills market continued its bullish momentum at the November 19, 2025 auction, with investors submitting an overwhelming N1.23 trillion in bids for the 364-day tenornearly triple the Central Bank of Nigeria's (CBN) N450 billion offer. The aggressive demand signals a clear race by investors to lock in high yields before the expected monetary policy easing cycle begins in 2026.

time to read

1 min

The BusinessNG

The Business NG

Court Sentences Nnamdi Kanu to Life Imprisonment for Terrorism

Leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has been sentenced to life imprisonment by a Federal High Court in Abuja after being convicted on all seven terrorism charges filed against him by the Federal Government.

time to read

1 min

The BusinessNG

The Business NG

Panic Selloffs, FX Fears Hammer Banking Stocks, ASI Down 3.5%

Nigeria's equities market remained under severe pressure through November 2025, with the All-Share Index (ASI) declining steadily on the back of heavy selloffs in banking stocks.

time to read

1 min

The BusinessNG

The Business NG

GDP Debate: Analysts Split on Nigeria's Q3 Performance

As Nigeria prepares to release its Q3 2025 GDP report, analysts remain divided on how the economy performed. Some expect a modest expansion of 3.6%-3.9%, while others forecast a stronger 4.5% growth, building on the 4.23% recorded in Q2.

time to read

1 min

The BusinessNG

Listen

Translate

Share

-
+

Change font size