Economy
AfCFTA: Nigeria Launches Trade Intelligence Tool, Air Cargo Corridor
By Adedapo Adesanya
Nigeria has launched a cutting-edge Market Intelligence Tool and a dedicated East/Southern Africa Air Cargo Corridor, in partnership with the United Nations Development Programme (UNDP) and Uganda Airlines as part of efforts to cement its leadership in African trade under the $3.4 trillion African Continental Free Trade Area (AfCFTA).
The twin initiatives, unveiled at the Bank of Industry (BoI) headquarters in Abuja by the Federal Ministry of Industry, Trade and Investment, are designed to drastically cut logistics costs and empower Nigerian exporters, particularly women-led micro, small, and medium enterprises, MSMEs, with real-time trade data across 13 African markets.
The Nigeria-East/Southern Africa Market Intelligence Tool provides granular data on tariffs, trade flows, product demand, regulatory requirements, and buyer profiles, enabling Nigerian exporters to target high-growth sectors such as agribusiness, cosmetics, and textiles with surgical precision.
Speaking, Mr Jumoke Oduwole, Nigeria’s Minister of Industry, Trade and Investment, said “With this launch, Nigeria is moving from ambition to execution. The success of this initiative will not be measured by applause, but by increased exports, expanded businesses, and transformed lives.
“This tool empowers Nigerian businesses to trade smarter. Exporters can now make data-driven decisions that reduce risk and increase profit. And with a fast, affordable air cargo route in place, we’re removing the physical barriers to market entry.” Oduwole said.
The cargo corridor, established in collaboration with Uganda Airlines and UND, offers exporters up to 75 per cent savings in freight costs, along with guaranteed delivery timelines to key logistics hubs in Nairobi, Entebbe, and Johannesburg.
Scheduled flights and dedicated cargo support will allow Nigerian goods to reach regional markets faster and more reliably than ever.
“This is not just a flight path, it’s a fast lane for Nigerian enterprise,” said Mr. Patrick Ziwa, Cargo Manager for Uganda Airlines, adding that the corridor was created “to meet the rising demand for seamless intra-African trade.”
The launch comes as Nigeria intensifies efforts to operationalise its AfCFTA strategy, following a five-year review by the AfCFTA National Coordination Office, which called for more coherence in trade facilitation, productive capacity, and policy reforms.
“Nigeria is ready to lead Africa’s trade renaissance. By linking data with delivery, this initiative transforms raw trade statistics into real economic opportunities,” said Mr Nura Abba Rimi, Permanent Secretary, Ministry of Industry, Trade and Investment,
Also, Mrs Ify Ogo, UNDP Trade Expert, described the intelligence platform as a critical tool to expand Nigeria’s services trade schedule under AfCFTA. “This is about connecting ambition with infrastructure, both digital and physical.”
Women-led MSMEs, long marginalised in trade policy, stand to benefit significantly as Mrs Weyinmi Eribo, representing the West and Central African Women in Mining and Manufacturing Association, WCCIMMA, said the tool will give “visibility, dignity, and profitability” to female entrepreneurs.
“This marks a turning point for African women in trade. We now have access, insights, and logistics, all in one ecosystem,” Mrs Eribo said.
For her part, Mrs Nonye Ayeni, Executive Director of the Nigerian Export Promotion Council (NEPC), highlighted that Nigeria’s non-oil exports are on the rise and will be further accelerated by these interventions.
“From potential to performance, that is the story we’re writing,” she said.
UNDP Nigeria Resident Representative Ms Elsie Attafuah, called the market tool a “game-changer,” adding that the combination of digital intelligence and logistics coordination represents a new model for inclusive, sustainable growth.
“Nigeria is demonstrating what AfCFTA-ready looks like: data-driven, gender-conscious, and logistics-empowered,” Ms Attafuah said.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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