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Nigeria

India’s new envoy meets Tinubu, vows deeper Nigeria–India ties

India’s newly appointed High Commissioner to Nigeria, Ambassador Abhishek Singh, has formally presented his Letter of Credence to President Bola Tinubu in Abuja, marking the official start of his mission in the country.​ In a statement from the Indian Embassy, Tinubu was said to have warmly received Singh, congratulated him on his appointment and wished him success throughout his tour of duty.​ Singh reaffirmed India’s commitment to strengthening its long standing strategic partnership with Nigeria and expressed confidence that cooperation between both countries will continue to expand in key sectors such as trade, technology, energy and development.​ The envoy added that he is committed to deepening Indo Nigerian bilateral relations and advancing shared priorities in the years ahead.​

Abdulmumini Auwal SA December 6, 2025

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new africa

EU, Africa Leaders to Talk Trade and Minerals as Ukraine Looms Large

Dozens of EU and African leaders, including France’s Emmanuel Macron, Germany’s Friedrich Merz, and Kenya’s William Ruto, assemble in Angola for a summit focused on trade, migration, and securing Africa’s critical raw materials. The summit, marking 25 years of EU–African Union relations, is set against tense US–EU diplomatic rifts over Washington’s Ukraine peace plan, widely criticized as favoring Moscow. Efforts to revamp EU-Africa ties reflect new competition from China, Russia, Gulf states, and Turkey, with Africa no longer relying solely on Europe as a partner. The EU remains the continent’s largest investor and commercial counterpart, but resentment over colonial history and China’s growing presence threaten its influence. Key priorities include: Boosting intra-African trade and economic development, with EU support for major infrastructure projects like Angola’s Lobito railway corridor. Tackling migration and security cooperation. Ensuring Africa’s voice in global governance. Securing […]

Abdulmumini Auwal SA November 24, 2025

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Nigeria

Institute Seeks Regulatory Commission to Fix Nigeria’s Ailing Courier, Logistics Sector

Professor Simon Emeje, Chairman of the Courier and Logistics Management Institute (CLMI), has called for the urgent establishment of an independent regulatory commission to reposition Nigeria’s courier and logistics industry. Despite being Africa’s largest economy, Nigeria is among less than 3% of countries without such independent regulation, leaving the industry plagued by inconsistent tariffs, conflicting policies, and a harsh business climate. Emeje warned that stagnant regulation forces firms to close or shift sectors and lamented overlapping controls from customs and other agencies. He emphasized the need for technical, not political, oversight and expanded professional training in logistics. He noted the sector’s economic potential (valued at $60 billion, with assets up to ₦20 trillion) and called for logistics education in universities. Emeje also highlighted the long-delayed regulatory bill, drafted in 2005 but never enacted, and urged Nigeria to boost intra-African trade […]

Abdulmumini Auwal SA November 23, 2025

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international

Lessons from Poland’s Industrial Agenda for Nigeria’s $1 Trillion Economy Goal

Poland’s economic rise—from post-communist instability in 1989 to the world’s 20th largest, $1 trillion economy—offers valuable lessons for Nigeria’s development aspirations. Despite an initial period of recession, unemployment, and inequality, Poland pursued rapid market reforms, increased transparency, and focused on local resources and innovation. Key drivers included: Strong investment in technology and private sector-led industrial growth Policy reforms supporting local content, manufacturing, and energy independence Gradual integration with major world economies, including the EU and NATO Emphasis on solving domestic problems, decarbonising power, and building human capital Poland’s energy transformation blends coal, gas, and renewables—offering Nigeria ideas for maximising its gas and coal reserves, improving electricity, and attracting foreign investment. The partnership potential is highlighted by ongoing Polish-Nigerian economic cooperation, especially in energy and trade. Major Polish companies and public-private initiatives in logistics, alternative fuels, and industrial technology demonstrate the […]

Abdulmumini Auwal SA November 21, 2025

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Economy

Africa Could Become World’s Fourth Largest Economy by 2050 – WTO

The World Trade Organisation (WTO) has projected that Africa could become the world’s fourth largest economy by 2050 if it fully harnesses its population growth, resources, and trade potential. WTO Director-General Ngozi Okonjo-Iweala said in an interview with CNN that trading within Africa remains far more expensive than with other regions, with intra-continental trade costs estimated to be about 20 percent higher. “It costs 20 percent more for us to trade with each other on the continent than with others externally,” she said, linking this to poor infrastructure, inefficient border management, and high transport costs. Despite these challenges, Okonjo-Iweala said Africa’s economic outlook remains promising. “The African continent has a lot of resources and a lot of things going for it. But there are also many challenges,” she noted. WTO data shows that only 18 percent of Africa’s exports remain […]

Abdulmumini Auwal SA November 5, 2025

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international

Trump Eyes ‘Great Deal’ with China Ahead of High-Stakes APEC Summit

As anticipation builds ahead of a pivotal U.S.-China meeting, former U.S. President Donald Trump has declared that he expects to seal a “great deal” with Chinese President Xi Jinping—one that could reshape trade relations between the world’s two largest economies. Speaking at a business luncheon on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea, Trump described the expected deal as “something very exciting for everybody,” emphasizing that resolving tensions would be far better than “fighting and going through all sorts of problems.” The comments come as Trump prepares for his first face-to-face meeting with Xi since launching his second trade war against Beijing. The meeting, scheduled for Thursday in Busan, is expected to focus on tariff reductions, fentanyl production control, and rare earth mineral exports—issues central to the strained U.S.-China relationship. Trade Tensions, Tariffs, and […]

Ahmad October 29, 2025

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Nigeria

Local Investors Miss Out on Nigeria’s N4.8trn Non-Oil Boom

Nigeria’s non-oil export sector has seen rapid growth, but local investors are losing out to foreign players—mainly from India, China, Lebanon, and Vietnam—who now dominate the trade. According to reports from the National Bureau of Statistics (NBS) and the Nigerian Export Promotion Council (NEPC), non-oil export earnings surged to N4.8 trillion in the first half of 2025, a 391% rise from N977 billion in the same period of 2021. NEPC described this growth as evidence of President Bola Tinubu’s “Renewed Hope Agenda.” However, local industry stakeholders say the numbers hide deep challenges. Many argue that the benefits of this diversification are being lost to foreign operators who have stronger financial backing and easier access to funding. Dr. Ojo Ajanaku, President of the National Cashew Association of Nigeria (NCAN), said local exporters are struggling with limited access to loans and high […]

Abdulmumini Auwal SA October 13, 2025

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Nigeria

Nigeria Grants Visa-Free Entry to St. Kitts & Nevis

Nigeria has granted visa-free entry to citizens of St. Kitts & Nevis, effective September 26, 2025, marking the first time the policy extends beyond Africa. The waiver, which applies to ordinary, official, and diplomatic passports, is aimed at strengthening trade, investment, and cultural ties between the two nations. Until now, Nigeria’s visa-free access largely covered ECOWAS states, with Cameroon and Chad as the only non-ECOWAS African countries enjoying the privilege. The development follows the Afri-Caribbean Investment Summit (AACIS ’25) held in Abuja earlier this year, organised by Aquarian Consult Limited (ACL). ACL’s Managing Director, Aisha Maina, said: “This visa waiver is more than diplomacy; it is about opening doors for trade, investment, and cultural exchange. At ACL, we are proud to have played a role in turning dialogue into action.” Diplomatic ties between Nigeria and St. Kitts & Nevis have […]

Abdulmumini Auwal SA September 28, 2025

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international

Nigeria, China renew pledge to strengthen partnership

Nigeria and China have reaffirmed their commitment to deepen cooperation in trade, infrastructure, culture, and global development as both countries marked significant national milestones. The pledge was made during a reception in Lagos to celebrate the 76th anniversary of the founding of the People’s Republic of China (PRC) and 56 years of diplomatic ties with Nigeria. Speaking at the event, Hon. Jaafaru Yakubu, Chairman of the House of Representatives Committee on China-Nigeria Parliamentary Relations, praised the strategic partnership, noting its impact on infrastructure, education, technology, and cultural exchanges. Yakubu stressed Nigeria’s determination to remain a reliable partner of China, adding that both nations could jointly contribute to Africa’s development and global peace. He also voiced support for President Xi Jinping’s Global Governance Initiative (GGI), saying Nigeria would harness its opportunities for national growth. On her part, Ms. Yan Yuqing, Consul […]

Abdulmumini Auwal SA September 24, 2025

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Nigeria

Shea Nut Export Ban Worries Traders as Prices Drop

Nigeria’s recent six-month ban on shea nut exports has sparked concern among industry players, with traders warning of possible contract defaults, even as processors see it as a chance to boost domestic capacity. The policy, announced earlier this month by President Bola Tinubu, is designed to protect local processors, safeguard jobs, and support a value chain where women account for 95% of pickers. However, the ban has already disrupted market activity, with shea nut prices falling by one-third to ₦800,000 per tonne, according to data from Lagos-based consultancy Vestance. “Exports made the market vibrant. Local demand is not as high as local supply,” Vestance CEO, Rildwan Bello, told Bloomberg. “The idea of growing the local industry doesn’t happen overnight. You don’t set up a processing industry within two months. The manner of the implementation leaves a lot to be desired.” […]

Abdulmumini Auwal SA August 31, 2025

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