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Trump's tariff on Nigeria's '309 billion non-oil exports could affect bank earnings

Published by Techcabal on Fri, 11 Apr 2025


Under the African Growth and Opportunity Act (AGOA) legislation, Nigerian exporters enjoyed duty-free access for non-oil sectors like agriculture and manufacturing. That window has now closed, leaving Nigerian exporters'and their financiers'exposed. With trade volumes likely to dip as US buyers pull back, banks that offer trade finance services could see their margins squeezed.
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