Nigeria: International Trade & Investment

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

Nigeria's Free Trade Zone (FTZ) serves as a key mechanism for attracting investment, promoting industrialisation, and enhancing economic growth.

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.

The Pharmacy Council of Nigeria (PCN) has gazetted the Electronic Pharmacy Regulations 2026, following approval by the Coordinating Minister of Health and Social Welfare. Further Insights are provided in our featured publication, “A Review of the Electronic Pharmacy Regulations 2026,” available on our website.

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.

Following a memo by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, the President of the Federal Republic of Nigeria has approved a 15% import duty...