US-China trade war could hurt Nigerian entrepreneurs: why, and how they should prepare

Posted on Thu 01 May 2025 in Nigeria • Tagged with China, West, US, USA, US-China, trade war, tarrifs, West Africa, Nigerian textiles, Naira, Nigeria Economy

Tolu Olarewaju, Keele University

As China and the United States lock horns in a trade war, slamming tariffs on each other, entrepreneurs in Nigeria are vulnerable to the fallout. In 2024, 27.8% of imports into Nigeria came from China. In the same year, US exports to Nigeria reached US …


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Nigeria’s new foreign exchange policy is good news - but it can’t work wonders for the economy on its own

Posted on Thu 22 June 2023 in Nigeria • Tagged with Central Bank of Nigeria, CBN, Bola Ahmed Tinubu, Tinubu, APC, Naira, Dollar, IMF

A man exchanges Nigeria’s Naira for US dollars in Lagos in April 2021. Pius Utomi Ekpei/AFP via Getty Images

Stephen Onyeiwu, Allegheny College

The Central Bank of Nigeria recently announced changes to the way the country’s foreign exchange market will work. Foreign currencies can now be bought …


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