Augustine Nze

AfCFTA Adopts Nigeria’s $3.1bn Customs Trade Model

AfCFTA Implementation Lifts Intra-African Trade by 21%

Nigeria’s trade volume with other African nations reached $9.02 billion in 2025, representing a 21% annual increase. Fresh data highlights the expanding influence of the African Continental Free Trade Area agreement on local commerce. Reduced tariff barriers have allowed local manufacturers to penetrate previously restricted regional markets. The surge helps diversify foreign earnings away from…

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Crude Hits $107 as Fuel Prices Surge

Higher Prices Lift 5-Month Crude Earnings to N20tn

Nigeria exported an estimated 148.9 million barrels of crude oil valued at N20.22 trillion during the first five months of 2026. This financial windfall comes despite persistent domestic challenges in hitting headline production targets. International oil prices surged following a geopolitical conflict in the Middle East that restricted passage through the Strait of Hormuz. High…

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Fresh Hormuz Attack Fans Oil Supply Fears

Iran Closes Strait of Hormuz Over Israel Attacks

Iran shut down the strategic Strait of Hormuz today in a dramatic escalation following intense Israeli military strikes on southern Lebanon. Tehran announced a complete ban on all commercial shipping through the narrow maritime corridor, which handles nearly a fifth of the world’s daily petroleum consumption. The aggressive maneuver shatters the fragile 112-day ceasefire memorandum…

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UN Agency Repatriates 180 Stranded Nigerians From Libya

UN Agency Repatriates 180 Stranded Nigerians From Libya

The International Organisation for Migration has evacuated 180 stranded Nigerian migrants from Benghazi, Libya, back to Lagos. The repatriation exercise represents the latest phase of the Assisted Voluntary Return and Reintegration programme. Financed largely by the European Union, the initiative operates in close coordination with the Federal Government of Nigeria. The returnees arrived at the…

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USCRIF Blames Fulani Militants for Rising Insecurity Across Nigeria

USCRIF Blames Fulani Militants for Rising Insecurity Across Nigeria

An estimated 30,000 armed Fulani militants are currently driving rural insecurity and religious freedom violations across Nigeria. This disclosure forms the core of a new report by the United States Commission on International Religious Freedom. The document characterizes these fluid nomadic factions as some of the deadliest non-state actors operating within the country. Moving in…

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