<< Back             Poser >> Nigeria-China trade hits $18bn in H1’26 Nigeria’s aquatic products have secured zero-tariff access to China’s market of about 1.4 billion consumers under a new protocol, as bilateral trade between both countries reaches $18 billion in the first half of 2026 (H1’26). The development is expected to boost Nigerian exports and foreign exchange earnings, with Chinese Ambassador to Nigeria, Yu Dunhai, disclosing that Nigerian exports to China rose by 80 per cent in the first half of the year. The Minister of Power, Joseph Tegbe, who received the Ambassador during a courtesy visit and reception following the signing of the Nigeria-China Aquatic Products Protocol, urged Nigerian exporters and businesses to move swiftly to take advantage of the new market-access opportunity. In a statement the ministry said the protocol was concluded after nearly five years of negotiations and grants eligible Nigerian aquatic products zero-tariff access to the Chinese market. Welcoming the Chinese Ambassador, Tegbe expressed appreciation for his continued support for the Nigeria-China Strategic Partnership and efforts to deepen trade and business relations between both countries. The Minister noted that bilateral trade had reached $18 billion in the first half of 2026, compared with $28 billion recorded for the whole of 2025. He said implementation of the aquatic products protocol would further strengthen economic ties and help fast-track other initiatives, including the Zero Tariff Agreement for African countries. Tegbe therefore urged Nigerian exporters and businesses to move quickly to take advantage of the new market-access opportunity. Ambassador Yu reaffirmed the Chinese Embassy’s commitment to supporting implementation of the protocol and facilitating the entry of qualified Nigerian aquatic products into the Chinese market. He described Tegbe’s appointment as a testament to his leadership, vision and pragmatism, while citing a 35 per cent increase in bilateral trade and an 80 per cent rise in Nigerian exports in the first half of 2026 as evidence of the significant potential for further cooperation. The Ambassador also assured the Minister of the Chinese government’s support for Nigeria’s efforts to modernise and expand its power system. Vanguard Business News	Food inflation rate rises 5th consecutive month to 20.31% By Elizabeth Adegbesan Nigeria’s food inflation rate rose significantly by 2.79 percentage points to 20.31 percent in July from 17.52 percent in June, representing the fifth consecutive month’s rise since March 2026. The 20 percent threshold in food inflation rate was last recorded in February 2021. The National Bureau of Statistics, NBS, disclosed this yesterday in its […] HBM Nigeria’s profit rises 57% to N208bn in H1’26 By Peter Egwuatu HBM Nigeria Plc, formerly Lafarge Africa Plc, recorded a 57 per cent increase in profit after tax (PAT) to N208 billion in the first half of 2026 (H1’26), from N132.677 billion recorded in the corresponding period of 2025. The cement manufacturer, in its financial results released on the Nigerian Exchange Limited (NGX), also […] How 24 firms control over 70% of Nigeria’s stock market Twenty-four companies have emerged as the most valuable stocks on the Nigerian Exchange Limited (NGX) year-to-date (YtD) as of August 17, 2026, collectively accounting for 74.8 per cent of the total market capitalisation of the equities market. Ghana government shifts economic focus from stability to growth, jobs – Minister Mr Thomas Nyarko Ampem, Deputy Minister of Finance, says the government is shifting its economic focus from restoring macroeconomic stability to translating the gains into higher investment, production, exports and quality jobs. Nigeria-China trade hits $18bn in H1’26 Nigeria’s aquatic products have secured zero-tariff access to China’s market of about 1.4 billion consumers under a new protocol, as bilateral trade between both countries reaches $18 billion in the first half of 2026 (H1’26). The development is expected to boost Nigerian exports and foreign exchange earnings, with Chinese Ambassador to Nigeria, Yu Dunhai, disclosing that […] Cedi appreciates against US dollar from GH¢11.75 – GH¢10.94 in one week  The Ghana cedi appreciated significantly against the United States dollar over the past week, strengthening from an interbank buying rate of GH¢11.75 on August 10 to GH¢10.94 on August 17, according to Bank of Ghana daily exchange rate data.