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The Nigerian Minister of Industry, Trade and Investment (FMITI), Adeniyi Adebayo has urged Nigerians to take advantage of the African Growth Opportunity Act, (AGOA). Adebayo said this when he received the report of the Technical Committee on the utilization of AGOA in Abuja on Tuesday.

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International Trade is the bedrock of human progress, and a country cannot lead or stay with the tide of progress if it closes its doors to its neighbors. This unfortunately has been the case with countries within the African continent, which have traditionally imposed more restrictive trade measures on other African countries, preferring to trade with non-African countries.

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WTO: a slowdown in world trade growth in 2023

  April 6, 2023

World trade growth is expected to slow this year, dampened by the war in Ukraine, inflation, tighter monetary policies, and financial uncertainty, according to WTO projections released on Wednesday. The outlook for the global economy has improved slightly since the World Trade Organization's most recent trade forecast was released in October, but the pace of trade expansion in 2023 is expected to be "weak".

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DAKAR, Jan 19 (Reuters) - U.S. Treasury Secretary Janet Yellen will kick off a year of visits by top U.S. officials to Africa on Friday aiming to firm up U.S.-Africa ties after decades in which China has dominated investment across the continent.

In a speech to be delivered at a business event in Senegal's capital Dakar, the first leg of her three-country trip, Yellen will map out the U.S. vision for strengthening African relations, eyeing the massive economic opportunities created by its demographic boom.

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