DutyFree

The Uplifting Affirmation of Trade Relations: A New Dawn for Nigerian Exports During a recent courtesy visit, the British High Commissioner to Nigeria, Dr. Richard Montgomery, reinforced the enduring trade relationship between the UK and Nigeria. The exchange between Montgomery and Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, took place in Abuja, setting the stage for ongoing collaboration aimed at boosting Nigeria's export capacity. Both representatives affirmed the significance of the Developing…

The United Kingdom has renewed its commitment to the Developing Countries Trading Scheme (DCTS)—an initiative that aims to strengthen trade relationships with developing nations. This program, introduced in 2023, opens doors for Nigeria and 36 other African countries, allowing them to export over three thousand products with either no duties or significantly reduced tariffs. "Nigeria plays a pivotal role in the UK's aspirations for global trade," remarked British High Commissioner to Nigeria, Richard Montgomery. He…

Recently, China has unveiled an ambitious initiative aimed at providing zero-tariff treatment to all 53 African countries that maintain diplomatic ties with it. This development represents a significant step towards deepening economic cooperation and positions China as a key player in trade and investment on the African continent. But as this partnership blossoms, it raises questions about the implications for regional relations and the global economic landscape. Notably, this offer does not extend to Eswatini,…