Cereals import, export challenges worry stakeholders
Stakeholders in the industry are worried that barriers to trade in the region have triggered increase in cost, particularly the import and export of processed cereals in the country.
EU, others capture $70 billion from US-China trade tensions
Recent estimates by the United Nations Conference on Trade and Development (UNCTAD), which include the potential March hike, show that most of the US-China trade affected...
21m Africans shopped online in 2017, says report
According to recent figures from the United Nations Conference on Trade and Development (UNCTAD) approximately 21 million shoppers in Africa in 2017 helped drive a market valued at US$5.7 billion in sales.
Global export near $19.6tr in 2018 amid slow economic recovery
Although Nigerian non-oil exporters express optimism of recovery in 2019, latest data from the United Nations Conference on Trade and Development (UNCTAD), has shown that global merchandise exports...
‘How to attract investments for industrialisation in Nigeria, others’
Nigeria and other African countries would need to explore new approaches by ensuring that the business environment is predictable and stable if they will mobilise investment needed for their manufacturing and industry-related sectors. This was a key conclusion of the United Nations Industrial Development Organization (UNIDO), during the high-level session of the 2018 World Investment…
Trade war threatens outlook for global shipping, U.N warns
The United Nations Conference on Trade and Development (UNCTAD) has raised concerns over the impending implications of the trade war between United States and China, on the shipping industry. According to the Review of Maritime Transport 2018 reports, UNCTAD said the tariff battles will potentially disrupt the global trading system and may drastically affect the…
Apapa gridlock: How poor state capacity stifles competitiveness
In the last few months, or years depending on who you ask, Lagosians have been complaining about the menace of trucks parked on the roads.
Consumer body seeks regulation of competition to protect consumers
The Consumer Protection Council (CPC) has described the absence of a competition law and regulator as one that discourages innovation, economic growth, foreign investment and consumer protection. According to the agency’s Director-General, Babatunde Irukera, unregulated markets in competition context constitute the otherwise “legitimate” vehicle for both financial and social extortion. Speaking at the United Nations…
Migration as key to boosting Africa’s economic growth, structural transformation
The United Nations Conference on Trade and Development (UNCTAD) issues the Economic Development in Africa Report (EDAR) yearly. Published by the United Nations (UN), this year theme is, Migration for Structural Transformation.