The African Continental Free Trade Area (AfCFTA) represents the first opportunity in Africa’s history to economically integrate the continent’s over 50 countries and pursue greater prosperity based on free trade and continued...
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How Nigeria’s Forex Liquidity Crisis Is Affecting Businesses
Nigeria is an import-dependent economy. Meaning Nigeria’s economy relies heavily on importing goods from other countries. For instance, about 70 percent of the medicines used in Nigeria are imported. And despite being an...
How Nigeria’s Import Restrictions Hurt Local Consumers
The Central Bank of Nigeria (CBN) currently restricts the importation of over 40 items into the country. This means that it does not provide importers with the needed foreign exchange (forex) for the importation of these items...