Nigeria: International Trade & Investment

The Central Bank of Nigeria's Fourth Edition of the Foreign Exchange Manual introduces sweeping changes to currency and trade regulations, raising import payment thresholds, increasing tuition remittance limits...

As globalization expands commercial footprints across borders, securing a favorable verdict in a UK or US court is often only half the battle. For multinational corporations, financial institutions, and international judgment creditors, the ultimate success of litigation depends on asset recovery. When a judgment debtor's assets are located within Nigeria, creditors must navigate the intricate framework of the Nigerian judicial system to achieve enforcement.

The Pan-African Payment and Settlement System (PAPSS) represents a transformative infrastructure for cross-border payments across Africa, enabling instant transactions in local currencies without relying on intermediary Western currencies. This comprehensive analysis explores how PAPSS operates through its three core processes of instant payment, pre-funding, and net settlement, while examining Nigeria's regulatory framework and the system's critical role in advancing the African Continental Free Trade Area

Foreign investment depends heavily on the ability to repatriate profits and capital, yet government-imposed foreign exchange controls can significantly restrict these transfers.

The ongoing US–Iran war dynamics, alongside broader Middle East tensions, including Israel–Iran hostilities, have intensified global concern over a potential Strait of Hormuz crisis.

Letters of credit remain one of the most successful instruments for managing payment risk in international trade, offering dual security to both buyers and sellers through bank-mediated documentary compliance.

End user certificates are a critical regulatory requirement for the importation of controlled items into Nigeria.

Nigeria's ports are the gateways to the economy, handling over 80 % of our international trade.

America's international trade interest is largely North America, Europe and Asia centric. Insights from the World Bank and the office of the United States Trade Representative places Canada, Mexico, Japan, China, and the United Kingdom as America's biggest trading partners.