President Bola Tinubu has commended the growing international recognition of Nigeria’s locally developed customs modernisation efforts following the selection of a Nigerian-owned company to implement a major customs project under the African Continental Free Trade Area (AfCFTA). The project, awarded to AfriTrade CMP Limited, a subsidiary of Bergmans Security Consultant and Supplies Limited, is expected…
The Federal Government has launched a strategic partnership with Uganda Airlines aimed at connecting Nigerian goods more efficiently to AfCFTA markets across Africa. The move is expected to cut air cargo rates by 50–75%, significantly reducing logistic costs for exporters. The partnership was formally announced on Sunday by the Minister of Industry, Trade and Investment,…
The Central Bank of Nigeria (CBN) will review the documentation requirements for transactions conducted through the Pan-African Payment & Settlement System (PAPSS) in Nigeria. This initiative is part of CBN’s ongoing commitment to foster seamless intra-African trade, financial inclusion, and operational efficiency for Nigerians engaging in cross-border payments within Africa. In a circular dated April…
