Experts warn of economic and governance implications
Policy advocacy paper underway to recommend reforms
Main Story
The Data Knowledge and Information Privacy Protection Initiative (DKIPPI) has warned that widespread ignorance of data privacy practices is exposing Nigeria to significant national security and economic risks.
Speaking in Lagos, DKIPPI President, Tokunbo Smith, said the growing frequency of ransomware attacks highlights systemic vulnerabilities across both public and private sector institutions.
Ransomware attacks, a form of cyber intrusion where attackers encrypt or steal sensitive data and demand payment, have increasingly become a global concern, with developing economies like Nigeria facing heightened exposure due to weak cybersecurity infrastructure.
“The cost of ignorance in data privacy is not just what you lose, it is what you expose,” Smith said. “Ransomware is no longer just cybercrime; it is economic warfare and a governance issue.”
He noted that data privacy has evolved beyond a purely technical issue into a critical pillar of governance, economic stability and national development.
What’s Being Said
Smith called on organisations to adopt proactive and comprehensive data protection frameworks, stressing the need for stronger institutional resilience.
He also urged government authorities to move beyond reactive, punitive measures and instead implement robust regulatory frameworks, enforcement mechanisms and national cyber resilience strategies.
DKIPPI, he disclosed, is finalising a policy advocacy paper that will outline key risks associated with poor data protection practices, including financial losses, operational inefficiencies and national security threats.
What’s Next
The forthcoming policy document is expected to recommend reforms in procurement systems, compliance frameworks and governance structures, aimed at strengthening Nigeria’s digital economy and restoring public trust in institutional data handling.
NGX market capitalisation rises to ₦147.28 trillion
Investors gain over ₦3.3 trillion in a single session
Industrial goods and oil & gas sectors drive market rebound
Trading activity strengthens with higher volume and value
Main Story
The Nigerian equities market rebounded strongly on Tuesday, with the Nigerian Exchange (NGX) recording a sharp rally that added over ₦3.3 trillion to investors’ wealth.
This follows renewed buying interest in key mid-cap and bellwether stocks, reversing losses from the previous trading session. The All-Share Index (ASI) advanced by 2.30 percent, gaining 5,137.90 basis points to close at 228,740.19.
Consequently, the market capitalisation climbed to ₦147.28 trillion, reflecting improved investor sentiment and strategic positioning across major sectors.
The rally was largely driven by strong performances in the industrial goods and oil & gas sectors, which gained 4.86 percent and 4.66 percent respectively. Stocks such as Dangote Cement, Aradel Holdings, and BUA-linked equities recorded notable price appreciation.
Trading activity also strengthened significantly, with total volume rising by 33.88 percent and total transaction value increasing by 54.61 percent. A total of 907.96 million shares worth ₦68.24 billion were exchanged across 72,886 deals.
What’s Being Said
Market analysts attribute the rebound to bargain hunting and renewed institutional interest in fundamentally strong stocks after recent corrections.
Data from Atlass Portfolio Limited highlighted that Access Holdings dominated trading volume, while Nestlé Nigeria led in value traded, indicating sustained interest in consumer and financial sector equities.
Despite the overall bullish sentiment, market breadth closed marginally negative, with 39 gainers against 40 losers, suggesting cautious optimism among investors.
What’s Next
Analysts expect market performance to remain sensitive to macroeconomic indicators, including interest rate movements, inflation trends, and foreign exchange stability.
Sustained liquidity inflows and corporate earnings releases are likely to determine the NGX’s short-term direction as investors continue to reposition portfolios.
UAE to withdraw from OPEC and OPEC+ effective May 1, 2026
Decision follows strategic review of production policy and capacity
Country to boost independent energy production and diversify investments
UAE reaffirms commitment to global energy market stability
Main Story
The United Arab Emirates (UAE) has announced plans to exit the Organization of the Petroleum Exporting Countries and the broader OPEC+ alliance, marking a significant shift in global energy geopolitics.
According to official statements reported by Dubai-based media outlets, the withdrawal will take effect from May 1, 2026, following what authorities described as a comprehensive review of the country’s oil production framework and long-term economic priorities.
The move reflects the UAE’s evolving energy strategy, which prioritises increased autonomy in production decisions and accelerated investment across the energy value chain. Officials noted that the country’s future output decisions would be guided strictly by national interests and its growing production capacity.
“The decision aligns with the UAE’s commitment to meeting global energy demand efficiently while safeguarding its economic priorities,” the report stated.
Despite its planned exit, the UAE emphasised that it will remain a responsible global supplier of energy. Authorities confirmed that production increases would be gradual and aligned with prevailing market conditions to avoid supply shocks.
What’s Being Said
Energy analysts suggest the move could reshape the dynamics of global oil supply management, given the UAE’s position as one of the world’s largest oil producers. The exit may also weaken OPEC+ cohesion, particularly at a time when the alliance has been coordinating output cuts to stabilise prices.
Market observers note that the UAE has increasingly invested in renewable energy, carbon capture technologies, and downstream infrastructure, positioning itself as a diversified energy hub rather than a traditional oil-dependent economy.
What’s Next
The UAE is expected to continue expanding its production capacity beyond current quotas previously set under OPEC+, potentially increasing its influence in global energy markets independently.
Industry stakeholders will closely monitor how this decision impacts oil price stability, OPEC+ policy coordination, and broader geopolitical alignments in the energy sector.
The Nigerian naira weakened further against the US dollar on Tuesday, closing at ₦1,380/$ at the Nigerian Foreign Exchange Market (NFEM), as demand for foreign currency continued to outstrip available supply.
Data released by the Central Bank of Nigeria showed that the local currency traded within a wide band, hitting an intraday high of ₦1,385 and a low of ₦1,367.50, compared to ₦1,370 recorded in the previous session.
The depreciation comes amid increased foreign exchange demand driven by foreign portfolio investors maintaining short positions in Nigerian markets, thereby intensifying pressure on the naira.
Interbank market activity also surged, with turnover rising to $98.83 million across 78 deals, up from $76.65 million recorded earlier, reflecting heightened trading activity and liquidity pressures.
In the parallel market, the naira weakened further to ₦1,390/$, indicating sustained pressure across both official and informal FX segments.
What’s Being Said
Financial analysts point to structural imbalances in Nigeria’s FX market, where demand continues to exceed supply despite interventions by the apex bank.
Nigeria’s external reserves stood at $48.389 billion, providing some buffer; however, persistent FX demand and capital outflows remain key concerns.
Meanwhile, global oil prices surged, with Brent crude climbing above $110 per barrel amid geopolitical tensions involving the United States and Iran. Higher oil prices could improve Nigeria’s FX inflows but may also stoke inflationary pressures.
What’s Next
Market watchers expect continued volatility in the FX market, particularly as external factors such as oil prices and global monetary tightening influence capital flows.
Policy direction from the Central Bank, alongside efforts to boost FX liquidity through exports and investment inflows, will be critical in stabilising the naira in the coming weeks.
Diesel prices also being “optimised,” suggesting partial subsidy
Aviation fuel sold at market rate as refinery limits subsidy scope
Jet fuel prices surge over 300% amid Middle East tensions
Airlines warn of potential shutdown over unsustainable operating costs
Main Story: A senior official within the Dangote Group has disclosed that the Dangote Petroleum Refinery is effectively subsidising petrol and diesel supplied to the Nigerian market, even as global crude oil prices continue to climb.
The official, who spoke on condition of anonymity due to lack of authorisation, said the refinery’s current ex-depot petrol price of N1,200 per litre remains below prevailing market rates. This pricing strategy comes amid a sharp escalation in crude oil prices triggered by geopolitical tensions in the Middle East, particularly disruptions linked to the US-Iran conflict.
Global benchmark Brent crude, which traded around $66 per barrel as of February 28, surged past $100 per barrel following reports that Iran blocked the Strait of Hormuz—a critical oil transit route. The spike in crude prices has since cascaded across refined petroleum products, significantly impacting domestic fuel pricing.
In response to these market pressures, the Dangote Refinery adjusted its petrol gantry price from N774 to N1,200 per litre. Diesel and aviation fuel prices have also experienced upward revisions, reflecting broader global energy market trends.
Despite these increases, the Dangote official maintained that the refinery has absorbed part of the cost burden on petrol and diesel to cushion Nigerian consumers.
“With crude prices moving up steeply, we try to optimise the price of PMS as much as possible to help the public. To some extent, we also optimise the price of AGO. We cannot subsidise everything, so jet fuel is sold at market price,” the source stated.
When pressed further, the official confirmed that the term “optimise” effectively translates to a form of subsidy.
Aviation Sector Under Pressure The impact of rising fuel costs has been particularly severe in Nigeria’s aviation industry, where operators are grappling with unprecedented increases in the price of Jet A-1 fuel.
The Airline Operators of Nigeria (AON) has warned that continued escalation could force airlines to suspend operations. According to AON Vice President Allen Onyema, jet fuel prices have surged from approximately N900 per litre before the Middle East crisis to between N2,700 and N2,900, with some suppliers reportedly charging as high as N3,500 per litre.
Further insights from a Dangote Group source indicate that the refinery currently sells aviation fuel to marketers at around N1,799 per litre, below the N2,000 threshold. Industry data from the Major Energies Marketers Association of Nigeria (MEMAN) previously placed Dangote’s jet fuel gantry price at N1,732 per litre, compared to N1,835 per litre for imported alternatives.
However, discrepancies between depot prices and retail prices paid by airlines remain a key concern, with marketers largely declining to disclose their pricing structures.
What’s Being Said: In a formal communication dated April 14, 2026, AON President Abdulmunaf Sarina described the surge in aviation fuel prices as “astronomical and artificial,” noting that it far exceeds the corresponding increase in global crude oil prices.
“The price of Jet A1 has risen from N900 per litre as of February 28 to N3,300 per litre currently—an increase of over 300%. This is not commensurate with global crude price movements, which have only risen by about 30%,” the letter stated.
The association warned that airlines have continued operations under severe financial strain but may no longer sustain the current cost environment.
In response, MEMAN attributed the price volatility to global supply disruptions and geopolitical tensions, particularly in the Middle East. While disputing the N3,300 per litre figure cited by airlines, the association acknowledged upward price pressure but maintained that market averages remain significantly lower.
“We are surprised by the N3,300 per litre figure. Our internal market survey shows prices more than N1,000 lower than that level,” MEMAN stated, adding that competition laws prevent disclosure of specific pricing among members.
The association advised airline operators to explore alternative suppliers offering more competitive pricing options.
What’s Next: With crude oil prices remaining volatile and geopolitical risks persisting, Nigeria’s downstream petroleum sector faces continued pricing uncertainty.
Industry analysts suggest that while Dangote Refinery’s pricing strategy may provide temporary relief for petrol and diesel consumers, the broader market remains exposed to global supply shocks.
For the aviation sector, failure to stabilise jet fuel prices could trigger operational disruptions, with airlines increasingly signalling the possibility of route cuts or full shutdowns.
As of April 16, market conditions remain largely unchanged, underscoring the urgency for coordinated intervention among regulators, suppliers, and industry stakeholders to prevent a broader economic fallout.
The approach to football betting has changed noticeably. Players across West Africa are relying less on intuition and more on concrete data: team form, shot statistics, head-to-head history. Platforms like 1xbet GM offer a wide range of markets on European and African leagues, with literally hundreds of options available every day. That’s exactly why the ability to filter matches and identify ones where there’s a real basis for a bet is becoming a key skill.
The point isn’t to predict every match correctly. The point is to make more informed decisions over time – and not to bet where the data isn’t there.
What to Check Before Every Match
Basic analysis takes 10–15 minutes if you know where to look. Most players skip this step – and that’s exactly where the edge is lost. Here’s what’s worth checking before any bet:
Team form over the last 5–7 matches – who has built momentum, who has been struggling for several rounds.
Home and away results – the gap between these figures can be enormous for some clubs.
Tactical style – teams built on quick counter-attacks against opponents with slow defences often create high-scoring situations.
This isn’t an exhaustive list, but even this is enough to cut out half of the questionable bets before the slip is even opened.
What Data to Look at for Each Bet Type
Different markets require different angles. Analysing a match for a winner bet and analysing it for a goals total are different tasks with different data.
Team statistics show not just results but quality of play: xG (expected goals), shots on target, possession percentage. A team can win several matches in a row while genuinely underperforming in attack, and sooner or later, that will show in the results.
Bet Type
What to Analyse
Win / Draw / Loss
Form, motivation, head-to-head records
Total Goals (Over/Under)
Average goals per match, defensive statistics
Both Teams to Score (BTTS)
Clean sheet frequency for each team
Corners
Playing style, flank activity
Cards
Foul count, match significance
The same match can be analysed for different markets, and the conclusions will differ. A team with a strong defence and a weak attack is a good candidate for an under bet, even if they’re the clear favourite on paper.
Why Individual Player Stats Matter Just as Much as Team Data
Team figures give the overall picture, but one specific player can change everything. This is especially true for top scorers, playmakers, and holding midfielders – those who hold the team’s structure together.
A useful indicator here is a player’s xG for the season compared to their actual goals. If a forward scores significantly less than the chances he creates, that’s a signal of potential form recovery. And the reverse – if a player has been consistently overperforming his xG for a long time, statistically, that’s unstable.
A Step-by-Step Pre-Bet Routine
Chaotic decisions are the main reason for inconsistent results. A structured sequence removes impulsiveness and helps bet only where there are real grounds.
Check the form of both teams over the last 5–7 matches – not just results, but quality of play.
Look at home and away figures – sometimes a team looks completely different on the road.
Check the latest squad news: injuries, suspensions, and possible rotation.
Choose the bet type and gather the relevant statistics for it – different markets require different data.
Use account access pages such as 1xbet gambia login to find the match in the line and review the available options before making a decision.
This sequence works for any match – from the Premier League to African leagues. The more consistently it’s applied, the faster the skill of finding value bets develops.
Common Mistakes That Cost Money
Even experienced players occasionally fall into the same traps. Knowing about them in advance is already half the solution.
Betting on a big name rather than current form. Top clubs lose during bad stretches of a season – that’s normal. Analysis should be built on what’s happening now, not on a club’s reputation.
Betting without a concrete argument. If there’s no clear reasoning – why this team, why this market – it’s better to skip the match. Not every round needs to end with a bet slip.
Chasing losses is one of the most destructive patterns in betting. A loss isn’t a debt that needs to be urgently covered with the next bet.
An analytical approach to betting does not rely on perfect predictions. Instead, it emphasizes discipline and consistency by focusing on data analysis rather than emotions. This means selecting matches with substantiated reasons and avoiding bets when information is uncertain. This method represents what informed betting will entail in 2026.
Not all football competitions work the same way. A domestic league runs one consistent format from start to finish — the same clubs, the same structure, match after match across a long season. A two-phase competition is built differently.
It opens with a league stage where a large and varied field of clubs play a set number of matches, then transitions into a knockout format where every match carries elimination stakes. Platforms like https://afropari.ng/ carry markets on this type of competition across a full season, and the bettors who follow them most effectively are those who recognise that the two phases require a genuinely different approach.
Why the Field Produces Unpredictable Results
At the start of a competition featuring many teams, it is usual for clubs of different origins to take part. While the domestic league has many clubs competing according to one set of rules, many clubs compete in a competition that features many clubs from different footballing backgrounds where experienced and rich clubs compete against other clubs who have earned the right to participate by virtue of their success in domestic leagues and cups.
It is due to these reasons that there is bound to be a greater spread of scores in this kind of competition than in a domestic league. The outcome of a match between an experienced club and another club participating in the tournament for the first time is not likely to be the same as that of a knock out match played between teams of equal strength. Sometimes five or six goals are scored and other times – none. There are no coincidences involved here, and this is something that has to be kept in mind while stepping into this market.
What the League Phase Tells You
The necessity of having a league stage is born out of the many number of teams that participate and requires a good way to profile themselves before embarking on the knockout football games. The teams engage in playing a defined number of games within the period of six and eight against other teams. After this period, all the teams will be well profiled.
However, for those who bet and have some interest in it, then the output from this process becomes most important. They include the following markets:
Over/Under goals: becomes more reliable once a team’s scoring and conceding patterns are established across several fixtures rather than one or two
Both Teams to Score: clubs with attacking styles tend to keep this market active regardless of opponent, while organised defensive sides suppress it consistently
Match result: early in the league phase, odds gaps are wide because quality differences are large — later, as the field narrows, prices tighten
Outright winner: most informative once at least half the league phase fixtures have been played and the stronger sides have separated themselves from the rest
Making wagers in the initial phase of the league is made based on scanty information.
The issue of player rotation requires close consideration concerning the league stage. The teams participating in the league stage as well as another competition are going to rotate their players for each game played depending on the competition they participate in. It is logical that the team is going to perform differently during games where its lineup is rotated compared to those where it uses its best eleven.
How the Knockout Format Rewrites the Rules
With the beginning of the knockout phase of the tournament after the league phase comes to an end, everything about the competition changes entirely compared to what had happened before. It is because there are two rounds in each knockout game that the concept of context exists.
The table below shows how the first-leg result shapes what happens in the second leg:
First Leg Result
Second Leg Character
What to Watch
Goalless draw
Both teams cautious early, push later
Late goals common as pressure builds
One goal margin
Defending team sits deeper
Often settled in the final 20 minutes
Two goal margin
Trailing team attacks from the start
More open, goals distributed unevenly
Three or more goals
Tie largely settled, rotation likely
Lower intensity, less predictable
The result of the first game is perhaps the most crucial contextual element that can ever be used to analyze any subsequent game between the two teams. The team that is losing the series 0-2 will take several steps that it would otherwise avoid when it competes in any other league game. The team that is winning will seek ways to ensure that no more goals are scored against it than trying to score more goals for itself. The rule applies to all types of betting – goal, match result, time factor, but could only be understood after a comprehensive overview of the contextual elements.
A review of the second leg of the match based solely on the teams’ performances will offer an incomplete assessment of the match context.
ECA urges African nations to adopt coordinated, large-scale action to meet development goals.
Climate change, inequality, and fiscal pressures slowing progress across the continent.
Emphasis on financing, innovation, and integrated systems to drive sustainable growth.
Main story
The Executive Secretary of the Economic Commission for Africa (ECA), Claver Gatete, has called for urgent, coordinated and transformative action to accelerate Africa’s progress towards the Sustainable Development Goals (SDGs) and the African Union’s Agenda 2063.
Gatete made the call in his opening address at the 12th Africa Regional Forum on Sustainable Development (ARFSD-12), held in Addis Ababa and monitored virtually.
He noted that Africa must intensify efforts to meet its development targets amid mounting global and domestic challenges, including slowing economic growth, rising inequality, climate shocks, and increasing fiscal pressures.
Despite these challenges, Gatete urged African countries to remain ambitious, leveraging innovation and strengthened commitment to drive solutions.
He also commended Ethiopia for hosting the forum and for its leadership in climate action, highlighting initiatives such as the Green Legacy programme, which has seen billions of trees planted.
The issues
Africa’s development trajectory continues to face significant obstacles, including climate change impacts on food security, water resources, and infrastructure.
In addition, limited financing, weak implementation frameworks, and fragmented sectoral approaches have slowed progress toward achieving the SDGs and Agenda 2063.
Geopolitical tensions and global economic uncertainties further complicate the continent’s development prospects.
What’s being said
Gatete emphasised that climate action and sustainable development must be pursued simultaneously, calling for a shift from sector-based planning to integrated, systems-driven approaches.
He stressed the need to move beyond policy discussions to large-scale implementation, noting that foundational services such as water, energy, and infrastructure should be treated as critical economic assets.
The ECA chief also underscored the importance of increased financing, particularly from the private sector, to bridge Africa’s infrastructure gap.
He highlighted the role of urbanisation in driving productivity and job creation, while advocating for alignment between digital transformation and green growth strategies.
According to him, Africa’s primary challenge lies not in the absence of frameworks but in the ability to implement them effectively at scale.
What’s next
The ECA is expected to continue supporting member states through policy guidance, technical assistance, and partnerships aimed at accelerating implementation of development initiatives.
Stakeholders at the forum are also expected to outline actionable strategies to enhance regional cooperation, mobilise financing, and strengthen institutional capacity.
Bottom line
As Africa grapples with complex development challenges, the call for coordinated, large-scale action underscores the urgency of moving from policy commitments to tangible results in achieving the SDGs and Agenda 2063.
Tanzania records 130% food self-sufficiency following increased crop production.
Total food output rises to 23.78 million tonnes in 2024/2025 farming season.
Surplus production positions country for exports and improved food security.
Main story
Tanzania has achieved a 130 per cent food self-sufficiency rate following a significant increase in agricultural production during the 2024/2025 farming season.
The country’s Minister of Agriculture, Daniel Chongolo, disclosed this while presenting the ministry’s budget proposals for the 2026/2027 financial year before parliament in Dodoma.
According to Chongolo, total food crop production rose to 23,783,128 tonnes, representing a 4.3 per cent increase from the 22,803,316 tonnes recorded in the 2023/2024 season.
He noted that cereal production reached 14,924,582 tonnes, marking a 2.3 per cent increase, while non-cereal food crops recorded stronger growth, rising by 7.8 per cent to 8,858,546 tonnes.
The minister said the total output exceeded the country’s food requirement of 18,279,054 tonnes for the 2025/2026 consumption period, resulting in a surplus of over 5.5 million tonnes.
The issues
While the achievement reflects improved agricultural productivity, sustaining such growth will require continued investment in infrastructure, climate resilience, and market access.
Food surplus also presents challenges related to storage, distribution, and value chain efficiency, which are critical to preventing post-harvest losses.
Additionally, global market dynamics and climate variability could impact future production levels and export opportunities.
What’s being said
Chongolo attributed the increase in output to favourable production conditions and enhanced agricultural practices.
He emphasised that the surplus provides an opportunity to strengthen national food security, stabilise domestic food prices, and expand agricultural exports.
The minister also highlighted the importance of leveraging the gains to drive economic growth and support rural livelihoods.
What’s next
The government is expected to focus on policies that consolidate agricultural gains, including investments in storage facilities, logistics, and export infrastructure.
Efforts are also likely to be directed toward improving resilience to climate change and enhancing productivity across key crop sectors.
Bottom line
Tanzania’s attainment of 130 per cent food self-sufficiency marks a significant milestone in agricultural development, offering opportunities for export growth and economic stability, provided post-harvest management and market systems are effectively strengthened.
The Lagos State Government has introduced a directive requiring residents of state-owned housing estates to obtain official approval before making external alterations or installing solar panels.
The policy aims to maintain structural integrity, ensure fire safety, and preserve the uniform aesthetic of government-managed housing schemes.
Construction experts warn that while the safety concerns are valid, the policy may discourage the adoption of renewable energy and create “bureaucratic delays.”
Some residents support the move to prevent “poorly-executed modifications,” while others fear it will add unnecessary costs to solving their own electricity problems.
Stakeholders are calling for a “balanced approach,” suggesting the government should remove fees for solar installations to encourage green energy.
Main Story
Lagosians are debating a new regulatory hurdle in their quest for stable power. On Tuesday, April 28, 2026, residents expressed mixed reactions to a state government policy that places solar panel installations on government estates under strict oversight.
In a city where the national grid is often unreliable, solar power has become a lifeline for many, but the state now insists that “safety and standards” must come first.
Construction expert Ayotunde Bally noted that the move is likely an attempt by the state to regain control over structural standards and revenue.
While he admitted that fire risks from poor wiring and the weight of panels on older roofs are legitimate concerns, he warned that the extra paperwork could “slow down property usability.”
For many residents, the primary worry is that a simple attempt to escape blackouts will now be buried under government red tape and unofficial costs.
The Issues
The primary challenge is the green-energy-bottleneck; by adding an approval layer to solar installations, the state risks slowing down the transition to renewable energy at a time when energy poverty is high. Authorities must solve the problem of bureaucratic-friction, as long approval timelines could leave residents in the dark for months.
Furthermore, there is a structural-safety risk; many government estates are decades old, and unregulated additions to roofs or walls could lead to collapses or electrical fires if not professionally vetted. To succeed, the Lagos State Government should consider digitizing the approval process and, as suggested by experts, removing fees to ensure the policy focuses on safety rather than revenue.
What’s Being Said
“This new policy is less about restrictions and more about the government trying to regain control over standards, safety and revenue,” stated expert Ayotunde Bally.
Bally added that the policy could “discourage renewable energy adoption,” which is needed to address energy poverty.
What’s Next
The Lagos State Ministry of Housing is expected to release detailed guidelines on the specific technical requirements for solar installations on state estates.
Residents are anticipated to begin applying for structural integrity tests as a prerequisite for solar mounting, especially on multi-story estate buildings.
There is likely to be an advocacy push from Renewable Energy Associations to lobby the state for a “fast-track” approval lane for certified solar installers.
The government may introduce periodic inspections of already-installed panels to ensure they meet the new safety codes mentioned in the directive.
Bottom Line
Lagos is walking a fine line between keeping its buildings standing and letting its citizens keep the lights on. While the “Blue Book” of estate management demands order and safety, the urgent need for solar power suggests that unless the approval process is fast and free, it may be viewed more as a “solar tax” than a safety measure.
The United Arab Emirates (UAE) announced on Tuesday, April 28, 2026, that it is withdrawing from OPEC and OPEC+ effective May 1.
Energy Minister Suhail al-Mazrouei stated the decision was made independently to align with the country’s future production strategies and was not discussed with Saudi Arabia.
The exit follows rising regional discord over the response to the Iran war and the closure of the Strait of Hormuz, which has severely constrained Gulf oil exports.
The UAE was the fourth-largest producer in OPEC+; the group’s global market share dropped to 44 per cent in March and is expected to fall further.
Analysts suggest the move is a win for U.S. President Donald Trump’s anti-OPEC stance and allows the UAE to capture more market share once the war ends.
Main Story
The structural integrity of the world’s most powerful oil cartel has been shaken. In a shock announcement on Tuesday, the UAE revealed it is quitting OPEC, exposing a deepening rift among Gulf nations as the regional war with Iran drags on.
The decision marks a dramatic shift in Middle Eastern geopolitics, as the UAE, a core member for decades moves to operate as an independent player in the global energy market.
Minister al-Mazrouei framed the exit as a long-term strategic pivot. While the Strait of Hormuz remains a dangerous chokepoint, the UAE is positioning itself to be the world’s premier supplier of low-cost, low-carbon oil once the security situation stabilizes.
By leaving OPEC, the UAE is no longer bound by the production quotas that often favored Saudi interests, allowing it to fully leverage its massive investment in production capacity.
The move also signals a closer alignment with the United States and Israel, as the UAE seeks to bolster its own defense and economic influence outside the traditional Arab-led energy bloc.
The Issues
The primary challenge is the cartel-stability gap; without the UAE, OPEC’s ability to “manage” global oil prices is significantly diminished, which could lead to a more volatile market for both producers and consumers. Authorities must solve the problem of regional-security coordination, as the UAE’s exit reflects a lack of consensus on how to respond to Iranian missile and drone strikes that have targeted Gulf infrastructure.
Furthermore, there is a production-ceiling risk; once the war ends, the UAE may flood the market with cheap barrels to reclaim market share, potentially triggering a price war with its former OPEC allies. To succeed, the remaining OPEC members must find a way to maintain unity with Russia (OPEC+) or face a permanent loss of their influence over the global economy.
What’s Being Said
“This is a policy decision… related to level of production,” stated UAE Energy Minister Suhail al-Mazrouei.
Monica Malik of ADCB noted the exit “opens the door for the UAE to gain global market share” when the war ends.
What’s Next
OPEC and OPEC+ are expected to hold an emergency meeting to discuss the impact of the UAE’s departure on their collective production strategy.
Energy markets are anticipated to brace for increased volatility as the UAE prepares to produce at its full technical capacity starting in May.
The U.S. government is likely to strengthen its energy partnership with the UAE, potentially including new technology transfers for low-carbon extraction.
Regional leaders in Saudi Arabia and Kuwait are expected to review their own defense and energy policies in light of the UAE’s “assertive” and independent foreign policy shift.
Bottom Line
The UAE’s exit is a clear signal that the old energy order is crumbling under the weight of the Iran war. By choosing “self-interest” over “group solidarity,” Abu Dhabi is betting that its future lies in being a flexible, independent supplier to the West rather than a disciplined member of a cartel that can no longer guarantee the security of its members.
The average retail price of petrol in Nigeria jumped by 22.55 per cent in one month, rising from N1,051.47 in February to N1,288.54 in March 2026.
Diesel prices followed a similar upward trend, increasing by 16.05 per cent month-on-month to reach an average of N1,648.08 per litre.
Anambra State recorded the highest petrol price at N1,441.22 per litre, while Ebonyi saw the highest diesel cost at a staggering N2,262.29.
Economists attribute the sharp increase to the US-Iran war and the closure of the Strait of Hormuz, which has significantly pushed up global Brent crude prices.
Experts warn that the rising cost of fuel is driving up transportation expenses and could trigger a new wave of inflation across the country.
Main Story
Nigerian consumers and businesses are facing a fresh wave of economic pressure as fuel prices soared in March 2026. According to the latest Price Watch reports from the National Bureau of Statistics (NBS) released on Tuesday, April 28, the cost of both petrol and diesel has moved significantly upward.
Petrol, which averaged roughly N1,051 in February, surged to nearly N1,289 in March, while diesel crossed the N1,600 mark.
The primary driver behind this spike is not domestic, but global. Geopolitical instability in the Middle East, specifically the escalating US-Iran conflict has led to the closure of the Strait of Hormuz, a critical chokepoint for global oil shipments.
This disruption has sent Brent crude prices climbing, and as a result, the landing cost of refined products in Nigeria has skyrocketed.
Economists like Opeyemi Alabi warn that with petrol already selling for as high as N1,600 in some regions, the ripple effect on food prices and general services will be felt by every household in the coming months.
The Issues
The primary challenge is the supply-chain-vulnerability gap; because Nigeria remains heavily dependent on imported refined petroleum, any conflict in the Middle East immediately translates into higher prices at local pumps in Lagos or Abuja. Authorities must solve the problem of transportation-inflation, as the 22 per cent jump in petrol prices is already being passed on to commuters and traders, making basic goods more expensive.
Furthermore, there is a regional-price-disparity risk; the fact that a litre of diesel costs N2,262 in Ebonyi but only N1,383 in Kogi suggests significant logistical bottlenecks and possible price gouging in certain zones. To succeed, the government must accelerate domestic refining capacity to buffer the country against these external global shocks.
What’s Being Said
The US-Iran war has disrupted supply chains and pushed Brent crude oil prices higher significantly, stated economist Opeyemi Alabi.
Alabi added that the closure of the Strait of Hormuz has had ripple effects on the rising fuel and diesel prices witnessed in Nigeria.
What’s Next
Market analysts expect petrol and diesel prices to remain volatile as long as the conflict in the Middle East remains unresolved.
The Central Bank of Nigeria (CBN) is anticipated to monitor these energy costs closely to determine if further interest rate adjustments are needed to curb the expected spike in inflation.
Logistics and transport companies are likely to announce upward reviews of their fares and freight charges to cover the increased cost of diesel.
There will be renewed pressure on the government to ensure that local refineries like Dangote and the Port Harcourt refinery are operating at peak capacity to reduce reliance on the disrupted global market.
Bottom Line
The surge in March fuel prices is a reminder that Nigeria’s economy is deeply tied to global stability. While the price of petrol has increased by 22 per cent in just 30 days, the real cost will be measured in the rising price of bread, transport, and electricity as the country navigates this global energy crisis.
The Guild of Nigerian Dancers (GOND), Lagos chapter, is advocating for dance to be recognized as a viable and lucrative profession rather than a “side activity.”
Incoming Lagos Chairman, Obiajulu Ezegbe, made the call during a three-day event in Lagos commemorating World Dance Day 2026 (April 29).
The theme for 2026 is “We Move,” highlighting dance as a universal language for resistance, hope, and healing.
The profession has expanded into diverse income streams, including content creation, dance therapy, digital media, and specialized education.
The celebration features workshops on choreography, a legal session on new tax regulations for creatives, and a cultural procession to Freedom Park.
Main Story
Nigerian dancers are stepping out of the background and into the professional spotlight. On Tuesday, April 28, 2026, the Guild of Nigerian Dancers (GOND) intensified its campaign to rebrand dance as a structured career path with significant economic potential.
Speaking on the eve of World Dance Day, Obiajulu Ezegbe, the incoming president of the Lagos chapter, challenged the outdated perception that dance is merely recreation.
According to Ezegbe, the industry has evolved into a multifaceted economy. Modern dancers are no longer limited to stage performances; they are now employers of labor, digital content creators, and therapists.
The three-day event in Lagos reflects this professional shift, moving beyond “dance battles” to include legal seminars on tax compliance and workshops at the J.
Randle Centre for Yoruba Culture and History. By combining artistic expression with financial and legal literacy, the guild aims to provide young talents with the “strategic planning” necessary to build sustainable, global careers.
The Issues
The primary challenge is the professional-legitimacy gap; despite the massive global success of Nigerian dance styles like Afrobeats-inspired moves, many parents and institutions still view the craft as a “hobby” rather than a career. Authorities must solve the problem of financial-literacy, as the inclusion of a “legal session” on new tax regulations suggests that many dancers struggle with the administrative side of their business.
Furthermore, there is a social-security risk; because many dancers work as freelancers or gig workers, they often lack access to health insurance and pension schemes available in more “traditional” professions. To succeed, the guild must work with the government to create a formal registry that allows dancers to access institutional support and creative grants.
What’s Being Said
“Dance is no longer just about stage performances. It now includes content creation, therapy, production, media and education,” stated Obiajulu Ezegbe.
Ezegbe noted that practitioners who apply “discipline and strategic planning” can build careers comparable to any other profession.
What’s Next
The grand finale of World Dance Day 2026 will feature a cultural procession with indigenous masquerades from Lagos Island to Freedom Park on Wednesday.
GOND is expected to launch a networking platform specifically designed to connect emerging dancers with international touring productions.
There is an anticipated push for more dance films to be produced locally, following the “dance film night” showcased during the three-day event.
The guild is likely to seek further collaborations with cultural centers like the J. Randle Centre to integrate dance education into broader heritage preservation efforts.
Bottom Line
World Dance Day 2026 is more than a celebration for Nigeria’s creative community; it is a declaration of economic independence. As the “We Move” theme suggests, the industry is transitioning from informal entertainment into a structured sector where a well-choreographed move can be as profitable as any office job.
The Secretary to the Government of the Federation (SGF), Sen. George Akume, inaugurated the Board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Tuesday in Abuja.
The board is charged with providing strategic oversight, policy direction, and ensuring regulatory independence in line with the Petroleum Industry Act (PIA).
Sen. Magnus Abe was inaugurated as the Board Chairman, leading a team selected for their competence and professional experience in the energy sector.
The inauguration is part of President Bola Tinubu’s Renewed Hope Agenda, focusing on institutional stability to boost global investor confidence.
The board’s primary goal is to optimize revenue and ensure energy security by effectively regulating Nigeria’s upstream petroleum resources.
Main Story
The Federal Government has taken a significant step toward stabilizing the governance of Nigeria’s oil and gas sector.
On Tuesday, April 28, 2026, the SGF, Sen. George Akume, officially inaugurated the Board of the NUPRC, the agency responsible for overseeing the country’s “upstream” activities, essentially everything related to the exploration and production of crude oil and natural gas.
Akume emphasized that this move is a “major milestone” in the ongoing implementation of the Petroleum Industry Act (PIA).
By establishing a formal board, the government aims to create a shield of regulatory independence around the commission, ensuring that decisions are made based on global best practices rather than political interference.
Board Chairman Sen. Magnus Abe pledged that the body would work closely with the commission’s management to ensure that the reforms promised by the PIA actually translate into increased production and economic benefits for all Nigerians.
The Issues
The primary challenge is the investor-confidence gap; despite the passage of the PIA years ago, many international oil companies (IOCs) have remained hesitant to commit to major new offshore projects due to perceived regulatory inconsistencies. Authorities must solve the problem of production-stagnation, as Nigeria has frequently struggled to meet its OPEC quotas due to technical issues and oil theft in the upstream sector.
Furthermore, there is a corporate-governance risk; for the board to be effective, it must maintain a “clear role definition” to avoid clashing with the NUPRC’s executive management. To succeed, the new board must quickly approve pending field development plans and streamline the process for granting new exploration licenses to bring more revenue into the federation account.
What’s Being Said
“The inauguration underscores government’s commitment to strengthening governance in the petroleum sector,” stated Sen. George Akume.
Akume urged board members to uphold high standards of “corporate governance and accountability” in their duties.
What’s Next
The NUPRC board is expected to hold its inaugural strategic meeting within the coming weeks to set the policy direction for the remainder of 2026.
Stakeholders in the oil and gas industry are anticipated to watch for the board’s stance on divestment applications by major oil companies currently exiting onshore assets.
The commission is likely to intensify its engagement with host communities under the new board’s oversight to reduce operational disruptions in the Niger Delta.
A review of upstream licensing rounds is expected to be prioritized to attract new indigenous and foreign players into the production space.
Bottom Line
By inaugurating this board, the government is signaling that the era of “uncertainty” in the oil sector should be coming to an end. For the average Nigerian, the success of Sen. Magnus Abe and his team will be measured by whether they can turn Nigeria’s vast underground resources into a steady stream of revenue that can fund national development and stabilize the economy.
Nigeria’s shortage of public health physicians linked to broader deficit of medical doctors.
Migration and limited training capacity weaken the healthcare workforce pipeline.
Experts warn of growing reliance on task shifting and gaps in community-level healthcare delivery.
Main story
The President of the Association of Public Health Physicians of Nigeria (APHPN), Dr Terfa Kene, has raised concerns over a critical shortage of public health physicians in Nigeria, attributing the situation to a broader deficit of medical doctors nationwide.
Kene made this known in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja, noting that the shortage of doctors has significantly constrained the country’s ability to train and deploy specialists required for effective public health practice.
He explained that public health physicians play a vital role in community-based healthcare delivery, focusing on prevention, policy implementation, and health interventions across multiple sectors.
According to him, the profession requires prior qualification as a medical doctor, making the limited number of doctors a key bottleneck in building a robust public health workforce.
The issues
Nigeria’s healthcare system continues to grapple with workforce shortages, exacerbated by migration of skilled professionals seeking better opportunities abroad and limited capacity for training new specialists.
The deficit has led to increased reliance on task shifting, where community health workers and extension officers fill roles typically handled by medical officers of health.
Additionally, the absence of accurate data on the number of public health physicians complicates workforce planning and policy development.
What’s being said
Kene noted that APHPN has over 3,000 registered members, though this does not reflect the total number of practitioners nationwide due to gaps in registration and varying professional qualifications.
He emphasised that public health physicians are integral to Nigeria’s healthcare system, particularly in epidemic response, policy formulation, and service delivery at local, state, and federal levels.
He also highlighted ongoing efforts by the association to improve healthcare delivery through innovation, including plans to establish a national secretariat and residential estate to enhance coordination and welfare among members.
The APHPN president further disclosed plans to integrate telemedicine services into the project, aimed at expanding access to healthcare in underserved and remote communities.
What’s next
The association is seeking support from government, organisations, and the public to fund its infrastructure and innovation initiatives, including telemedicine deployment.
Stakeholders are also expected to intensify advocacy for increased investment in medical education, workforce retention strategies, and improved working conditions to curb migration.
Bottom line
Nigeria’s shortage of public health physicians reflects deeper systemic challenges in the healthcare workforce, with urgent reforms needed to strengthen training, retention, and data systems to ensure effective healthcare delivery nationwide.
Federal Government and World Agriculture Forum collaborate to improve cold chain infrastructure and post-harvest management.
Nigeria loses up to 40 million metric tonnes of food annually due to inefficiencies.
Initiative aims to boost food security, reduce losses, and strengthen agricultural value chains.
Main story
The Federal Government has partnered with the World Agriculture Forum (WAF) to transform Nigeria’s cold chain infrastructure and post-harvest management systems in a bid to enhance food security and agricultural productivity.
The collaboration was announced during the inauguration of the WAF Nigeria Council in Abuja, where stakeholders emphasised the urgent need to address inefficiencies across the agricultural value chain.
Speaking at the event, Dr Musa Umar, Director at the Office of the Permanent Secretary, Federal Ministry of Agriculture and Food Security, said the ministry would work closely with WAF to strengthen food systems and support national development goals.
He described the initiative as timely and strategic, noting that agriculture remains central to economic diversification, rural development, employment generation, and social stability.
Umar added that government priorities include value chain development, mechanisation, irrigation expansion, improved access to inputs, and enhanced storage and market linkages.
The issues
Nigeria continues to face significant post-harvest losses due to weak storage systems, poor logistics, and inadequate cold chain infrastructure. These inefficiencies have contributed to persistent food insecurity despite high levels of agricultural production.
Experts estimate that the country loses between 30 and 40 million metric tonnes of food annually, translating to economic losses of between ₦3.5 trillion and ₦5 trillion.
The disconnect between production and value retention has also hindered price stability and reduced farmers’ income.
What’s being said
Executive Director of WAF, Dr MJ Khan, represented by Lekan Ofem, said the establishment of the Nigeria Council reflects a renewed commitment to reposition agriculture as a driver of economic growth, social inclusion, and environmental sustainability.
Country Director of WAF Nigeria, Alexander Isong, described the initiative as a response to a critical national challenge, noting that Nigeria faces a paradox of high production alongside widespread food insecurity.
He warned that up to 34.7 million Nigerians could face severe food insecurity during the 2026 lean season if urgent interventions are not implemented.
Isong stressed that losses across the agricultural value chain—estimated at up to 50 per cent of total production—underscore the need to prioritise value retention through improved storage, logistics, and processing systems.
What’s next
The partnership is expected to drive investment in cold chain infrastructure, strengthen logistics networks, and promote integrated agricultural systems linking farmers to markets.
Stakeholders also anticipate increased collaboration between government, private sector, and development partners to scale solutions that reduce post-harvest losses and improve efficiency.
Bottom line
Nigeria’s partnership with the World Agriculture Forum signals a strategic shift toward addressing post-harvest inefficiencies, with improved cold chain systems seen as critical to reducing food losses, stabilising prices, and strengthening national food security.
The average price of a 5kg cylinder of cooking gas (LPG) rose by 12.60 per cent in one month, reaching N7,655.73 in March 2026.
Larger 12.5kg cylinders saw an even steeper monthly increase of 15.62 per cent, jumping from N16,997.94 in February to N19,652.83.
Regional price disparities are significant, with Kaduna recording some of the highest prices for both sizes, while Bauchi and Ondo recorded the lowest.
Experts attribute the surge to the U.S.–Iran conflict, which has driven up global Brent crude and LPG benchmarks.
Domestic prices remain sensitive to the foreign exchange rate, as a large portion of Nigeria’s gas supply is still imported or priced against the U.S. Dollar.
Main Story
The cost of preparing a home-cooked meal is becoming significantly more expensive for Nigerians.
According to the March 2026 Cooking Gas Price Watch released by the National Bureau of Statistics (NBS) on Tuesday, the retail price for Liquefied Petroleum Gas (LPG) has seen a double-digit percentage increase in just thirty days.
A 5kg refill now costs an average of N7,655, while the 12.5kg refill is nearing the N20,000 mark.
Economist Opeyemi Alabi noted that the “energy spike” is largely a byproduct of the ongoing war between the U.S. and Iran.
Since LPG is a globally traded commodity, the disruption in Middle Eastern supply chains has pushed international benchmarks higher.
Even gas produced locally by Nigeria LNG (NLNG) is often indexed to these global dollar prices, meaning that whenever the Naira fluctuates or global crude prices rise, Nigerian kitchens feel the heat.
In states like Kaduna and Nasarawa, residents are paying the highest premiums, partly due to the added logistical costs of transporting gas to the northern interior.
The Issues
The primary challenge is the import-dependency gap; despite being a major gas producer, Nigeria still imports a significant volume of its domestic LPG, making local prices slaves to the international market and dollar exchange rates. Authorities must solve the problem of logistical-inefficiency, as the vast price difference between states like Ondo (N4,598 for 5kg) and Kaduna (N9,212) indicates that internal transport costs and localized shortages are driving inflation.
Furthermore, there is a household-poverty risk; as gas becomes unaffordable, many low-income families may revert to using charcoal or firewood, which increases deforestation and creates respiratory health risks. To succeed, the government must incentivize more local investment in LPG “last-mile” infrastructure and ensure that a larger percentage of NLNG’s production is dedicated to the domestic market at a decoupled, Naira-based price.
What’s Being Said
“LPG is a globally traded commodity often priced in US Dollars. Devaluation of the Naira can immediately increase the landing cost,” stated Opeyemi Alabi.
The NBS report highlighted that Kaduna recorded the highest average price for 5kg at N9,212.21.
What’s Next
The Federal Government is expected to come under increased pressure to provide subsidies or tax waivers on LPG equipment to bring down retail costs.
Market analysts anticipate that prices will remain high through Q2 2026 unless there is a de-escalation of tensions in the Middle East.
More households are likely to explore alternative energy sources, potentially leading to a temporary drop in gas demand if prices exceed the N20,000 threshold for 12.5kg across more states.
Regulators are anticipated to look into price monitoring at the state level to ensure that the massive price gaps between regions are not caused by illegal hoarding or over-charging by retailers.
Bottom Line
The 15 per cent jump in cooking gas prices in just one month is a major blow to the average Nigerian’s disposable income. Until the country can fully decouple its domestic gas prices from global dollar benchmarks and fix its internal distribution hurdles, the cost of a basic meal will continue to be dictated by events happening far beyond Nigeria’s borders.
First day of implementation recorded no operational disruptions
Reform aimed at improving liquidity and market efficiency
Move aligns Nigeria’s market more closely with global trading systems
Main Story
The Nigerian Exchange Group (NGX Group) has reported a smooth and disruption-free debut following the extension of its daily trading hours, marking a significant shift in Nigeria’s capital market operations.
The revised trading schedule, which took effect on April 27, expands market hours from 9:30 a.m.–2:30 p.m. to 9:00 a.m.–4:00 p.m., effectively increasing trading time from five to seven hours.
Speaking in Lagos, Chairman of NGX Group, Umaru Kwairanga, confirmed that the first trading session under the new framework proceeded without technical or operational setbacks.
“From my observation and feedback from my staff, the first day went smoothly and there were no hitches,” he said.
Kwairanga noted that while the rollout was successful, market operators may require a short adjustment period to recalibrate internal workflows in line with the extended hours.
He added that ancillary activities, including ceremonial events such as closing gongs, may be reviewed to align with the new trading structure.
Market participants also affirmed the system’s stability. Vice President of Highcap Securities Ltd., David Adonri, said the trading infrastructure performed optimally.
“All schedules were met and the system functioned appropriately,” Adonri stated.
The extension forms part of broader efforts by NGX to modernise Nigeria’s equities market and improve its competitiveness. Analysts note that longer trading hours allow the market to better absorb macroeconomic indicators, corporate disclosures, and global financial developments in real time.
What’s Being Said
Market experts say the reform strengthens Nigeria’s position as an information-driven exchange, improving price discovery and responsiveness to new data.
The extended window also enhances overlap with major global markets, a move expected to boost participation by foreign portfolio investors seeking real-time engagement with African assets.
What’s Next
With the successful rollout, attention will shift to operational fine-tuning and evaluating the impact on liquidity, trading volumes, and investor participation in the coming weeks.
No Going Back on Demolition of Illegal Shops at Lagos Stadium - Sports Minister
By BizWatch Nigeria
Key Points
NOC unveils Olympafrica Centre in Lagos
Project combines sports infrastructure with residential estate
Designed to support athlete development and attract investment
Aligns with global “Live-Train-Play” sports ecosystem model
Main Story
The Nigeria Olympic Committee (NOC) has announced a major step in the transformation of Nigeria’s sports sector with the unveiling of the Olympafrica Centre and an integrated residential sports estate in Lagos.
The facility, located in Amuwo Odofin, spans approximately 6.7 hectares and is structured to combine high-performance sporting infrastructure with residential living.
According to NOC Public Relations Officer, Tony Nezianya, the development is divided into two key segments, with 60 per cent allocated to sports facilities and 40 per cent dedicated to residential estates.
“This Olympafrica site serves as both a sports facility and resource centre,” Nezianya said.
He disclosed that investor interest has already materialised, with bids secured for parts of the residential component and construction activities underway.
The initiative introduces a “Live-Train-Play” model, designed to integrate athletes, coaches, and support systems within a single environment to enhance performance and wellbeing.
What’s Being Said
“This milestone represents a strategic evolution for the NOC, merging sports infrastructure with innovative residential planning,” Nezianya stated.
He noted that the model reflects global best practices, where integrated sports communities are increasingly used to nurture talent and improve competitive outcomes.
Existing infrastructure at the centre includes a football pitch, athletics track, volleyball and basketball courts, and a multi-purpose indoor sports hall.
What’s Next
The groundbreaking ceremony for the Olympic Residential Estate is scheduled to take place at the Olympafrica Centre in Amuwo Odofin.
Further expansion plans are expected to upgrade facilities to international standards, positioning the centre as a hub for sports development, investment, and international engagement.
China to grant zero-tariff access to all African countries with diplomatic ties
Policy effective from May 1, 2026 to April 2028
Builds on existing duty-free access for least developed African countries
Expected to boost trade volumes and deepen China-Africa economic ties
Main Story
China has announced a sweeping expansion of its trade policy, granting zero-tariff treatment to all African countries that maintain diplomatic relations with Beijing, in a move expected to reshape trade dynamics between both regions.
The policy, unveiled by the Customs Tariff Commission of the State Council, will take effect from May 1, 2026, and run through April 30, 2028.
Under the new framework, 20 African countries not classified as least developed will now benefit from preferential zero-tariff access, complementing an existing policy that already grants duty-free treatment to 33 least developed African nations.
China had previously implemented full tariff exemptions on 100 per cent of tariff lines for least developed African countries in December 2024.
With the expansion, China becomes the first major global economy to offer unilateral, full-coverage zero-tariff treatment to all African countries with diplomatic relations.
What’s Being Said
Trade analysts view the move as a strategic effort to deepen economic ties with Africa while positioning China as a dominant trade partner on the continent.
The policy is expected to enhance export opportunities for African producers, particularly in agriculture, raw materials, and light manufacturing.
What’s Next
The implementation phase will be closely monitored to assess its impact on trade volumes, market access, and industrial growth across African economies.
Economists also expect increased competition among African exporters to leverage the tariff-free access and expand their presence in the Chinese market.
Key points
United States President Donald Trump has directed Nigerians and other foreign nationals applying for green cards to return to their home countries to...
