The UAE and Nigeria have signed a comprehensive economic partnership agreement (Cepa) to reduce tariffs and trade barriers, with the aim of boosting bilateral commerceThe UAE and Nigeria have signed a comprehensive economic partnership agreement (Cepa) to reduce tariffs and trade barriers, with the aim of boosting bilateral commerce

UAE and Nigeria sign Cepa to ease trade barriers

2026/01/14 14:44

The UAE and Nigeria have signed a comprehensive economic partnership agreement (Cepa) to reduce tariffs and trade barriers, with the aim of boosting bilateral commerce and investment.

UAE President Sheikh Mohamed bin Zayed Al Nahyan and his counterpart Bola Ahmed Tinubu attended the Cepa signing ceremony on the sidelines of Abu Dhabi Sustainability Week, UAE state news agency Wam reported.

The agreement will bolster investment and create opportunities in critical sectors such as technology, agriculture, precious metals and energy, the report said.

Nigeria is one of the largest and fastest-growing African economies. Non-oil trade between the two nations reached $4.3 billion in 2024, a 55 percent year-on-year increase. 

In the first nine months of 2025, bilateral non-oil trade stood at $3.1 billion, Wam reported. 

Further reading:

  • FAB backs $1bn funding for Nigerian coastal highway
  • Why Africa has become Gulf investors’ latest hotspot
  • It’s time Gulf capital flowed into Africa’s water sector

The Cepa programme is an important pillar of the UAE’s trade strategy, which aims to increase non-oil foreign commerce to $1.1 trillion by 2031.

The UAE signed a Cepa with Kenya and the Central African Republic last year. Negotiations on a deal with Chad have been completed.

The UAE has concluded 32 Cepas, including with India, Malaysia, Angola, Ukraine, New Zealand and the Philippines, with 14 already in force.

Market Opportunity
Sign Logo
Sign Price(SIGN)
$0.04172
$0.04172$0.04172
-1.62%
USD
Sign (SIGN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Vitalik Buterin Reaffirms Original 2014 Ethereum Vision With Modern Web3 Technology Stack

Vitalik Buterin Reaffirms Original 2014 Ethereum Vision With Modern Web3 Technology Stack

TLDR: Ethereum proof-of-stake transition and ZK-EVM scaling solutions effectively realize the 2014 sharding vision. Waku evolved from Whisper to power decentralized
Share
Blockonomi2026/01/14 17:17
Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
CME Group to Launch Solana and XRP Futures Options

CME Group to Launch Solana and XRP Futures Options

The post CME Group to Launch Solana and XRP Futures Options appeared on BitcoinEthereumNews.com. An announcement was made by CME Group, the largest derivatives exchanger worldwide, revealed that it would introduce options for Solana and XRP futures. It is the latest addition to CME crypto derivatives as institutions and retail investors increase their demand for Solana and XRP. CME Expands Crypto Offerings With Solana and XRP Options Launch According to a press release, the launch is scheduled for October 13, 2025, pending regulatory approval. The new products will allow traders to access options on Solana, Micro Solana, XRP, and Micro XRP futures. Expiries will be offered on business days on a monthly, and quarterly basis to provide more flexibility to market players. CME Group said the contracts are designed to meet demand from institutions, hedge funds, and active retail traders. According to Giovanni Vicioso, the launch reflects high liquidity in Solana and XRP futures. Vicioso is the Global Head of Cryptocurrency Products for the CME Group. He noted that the new contracts will provide additional tools for risk management and exposure strategies. Recently, CME XRP futures registered record open interest amid ETF approval optimism, reinforcing confidence in contract demand. Cumberland, one of the leading liquidity providers, welcomed the development and said it highlights the shift beyond Bitcoin and Ethereum. FalconX, another trading firm, added that rising digital asset treasuries are increasing the need for hedging tools on alternative tokens like Solana and XRP. High Record Trading Volumes Demand Solana and XRP Futures Solana futures and XRP continue to gain popularity since their launch earlier this year. According to CME official records, many have bought and sold more than 540,000 Solana futures contracts since March. A value that amounts to over $22 billion dollars. Solana contracts hit a record 9,000 contracts in August, worth $437 million. Open interest also set a record at 12,500 contracts.…
Share
BitcoinEthereumNews2025/09/18 01:39