AfCFTA

Nigeria has reduced the processing time for Certificates of Origin under the African Continental Free Trade Area (AfCFTA) from more than five days to 24 hours, in a move to make it easier for local businesses to access preferential trade opportunities across Africa.

The exhibition, scheduled for November 26 to 28, 2026, will bring together vehicle manufacturers, equipment suppliers, distributors and mobility solution providers, creating opportunities for Nigerian businesses to establish partnerships and expand access to regional markets.

Nigeria’s quest to reduce its dependence on crude oil may be entering a more consequential phase, but the country’s ability to translate rising non-oil exports into sustainable economic growth will depend on whether it can move beyond selling raw commodities and begin exporting more processed and higher-value products.

Nigeria’s Customs Modernisation Project has been adopted as the model for a 20-year, $3.1bn AfCFTA customs modernisation programme across about 50 member countries. The ICRC says the deal demonstrates how properly structured public-private partnerships can attract private capital,...

July 07, (THEWILL) — The 2026 100 Most Notable Africans Leadership and Business Summit has reinforced the importance of the African Continental Free Trade Area (AfCFTA), with participants calling for stronger regional collaboration, increased cross-border investment and deeper intra-African...

June 10 (THEWILL) — The Federal Government has unveiled opportunities for Nigerian businesses to access a $1bn African Continental Free Trade Area (AfCFTA) Adjustment Fund Credit Facility, as part of efforts to strengthen exports, improve competitiveness and expand trade...

May 14, (THEWILL) — President Bola Tinubu and his Rwanda counterpart, Paul Kagame, have agreed to deepen diplomatic, economic, and strategic relations between Nigeria and Rwanda, in a move expected to strengthen regional integration, boost trade, and...

September 08, (THEWILL) — Nigeria has moved to strengthen its commitment to AfCFTA to unlock Africa potential.  To this end, the Finance and Coordinating Minister of the Economy, Mr. Wale Edun has joined global leaders at the Intra-African Trade Fair...

June 23, (THEWILL) – The Nigeria Inter-Bank Settlement System (NIBSS) on June 17, 2025, officially launched the National Payment Stack (NPS), a next-generation payment infrastructure created towards revolutionising the future of payment across the continent.  The initiative comes at...

April 15, (THEWILL) – The Federal Government has gazetted and transmitted the ECOWAS schedule of tariff offers for trade in goods under the African Continental Free Trade Area (AfCFTA) to its secretariat. The agreement establishes zero duties on 90 percent...