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Nigeria has been listed among 60 economies under investigation by the United States over concerns tied to forced labour within global supply chains. The move signals a widening enforcement posture from Washington, as regulators place greater scrutiny on how goods entering the US are produced and sourced.
For Nigeria, the implications extend beyond compliance. Increased oversight could affect export flows, particularly in sectors linked to manufacturing, agriculture, and raw materials where traceability remains limited. It also introduces a new layer of risk for businesses operating across borders, especially those reliant on US market access.
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Nigeria Among 60 Economies Facing US Forced Labour Trade Investigation
The Office of the United States Trade Representative has initiated a formal trade investigation into Nigeria and 59 other economies over concerns that their trade systems may allow the importation of goods produced with forced labour. The probe, launched on March 12, 2026, seeks to determine whether these practices distort global trade and disadvantage American businesses.
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Dangote Signs $4.2bn Gas Supply Deal with GCL Group for Ethiopian Fertiliser Project
Dangote Group has signed a $4.2bn gas supply agreement with GCL Group to power its fertiliser megaproject in Ethiopia, marking a major step in advancing industrial agriculture and energy integration across the region. The deal underscores a strategic push to secure reliable energy for large-scale fertiliser production and strengthen Africa’s food security value chain.
$200m Oil Palm Project Set to Transform Abia’s Agricultural Economy
The Abia State Government is set to sign a $200m Memorandum of Understanding (MoU) with Presco Plc to develop a large-scale oil palm plantation, in a move aimed at revitalising the state’s agricultural sector, creating jobs, and boosting regional industrial capacity. The agreement follows advanced discussions between both parties and is expected to formalise a major agribusiness investment in southeastern Nigeria.
Nigeria’s equities market reached a historic milestone as the Nigerian Exchange Limited All-Share Index (ASI) surpassed the 200,000-point threshold, closing at 201,474.89 points. The rally reflects sustained investor demand, strong market participation, and improving confidence in the country’s capital market.
The benchmark index gained 1.55%, rising from 198,407.30 points in the previous session to cross the psychological 200,000 level for the first time.
Market capitalisation also expanded significantly, increasing to ₦129.33trn from ₦127.36trn, driven largely by gains in large-cap stocks.
Over 200 Families Displaced Following Military Invasion in Cross River
More than 200 families have been displaced in Odonget community, Obubra Local Government Area of Cross River State, following a reported military operation that residents described as an invasion. The village head confirmed that the incident forced widespread displacement, with many residents fleeing their homes amid rising tensions.
According to community leaders, the operation involved troops of the Nigerian Army who entered the area in response to security concerns. Residents reported that the military action occurred in the early hours, triggering panic and forcing families to abandon their homes.
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“Consistency compounds. What you do daily shapes what you become eventually.”
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