Nigerian-American Chamber of Commerce

What Nigerian-American Chamber of Commerce does

The Nigerian-American Chamber of Commerce (NACC) is the first and oldest bilateral chamber of commerce in Nigeria and West Africa, founded in 1960 to foster bilateral trade and investment between Nigeria and the United States. Headquartered at Plot 7, Block 52B Omorinre Johnson Street, Lekki Phase 1, Lagos, the non-profit organization operates a membership-based model serving over 1,000 members across six chapters spanning all of Nigeria's geopolitical zones, including major enterprise members such as Coca-Cola Nigeria, Chevron Nigeria, Stanbic IBTC Bank, FBN Holdings, Wema Bank, Oando, MultiChoice Nigeria, and AeLex.

NACC delivers trade facilitation through a portfolio of services rather than a unified technology platform. Core offerings include organized trade missions to U.S. states (Washington, Virginia, Maryland, Florida), inbound trade delegations, quarterly breakfast meetings, the annual African Food and Products Exhibition with 60+ exhibitors, the A.G.E.N.D.A. investment forum, the SPOTLIGHT SME knowledge series, and policy roundtables. Research products include the Healthcare Sector Whitepaper. Revenue is generated across five streams: recurring membership dues, one-time event participation fees (₦30,000 for members, ₦40,000 for non-members per event), exhibition booth fees (₦60,000), advertising in event brochures (₦100,000–₦300,000), and corporate sponsorships from banks and energy majors.

Go-to-market is event-driven: the chamber acquires and retains members through advocacy representation, trade missions, breakfast meetings, and an annual gala, supported by multi-channel digital presence across website, Facebook, Twitter/X, Instagram, LinkedIn, YouTube, WhatsApp, and email newsletters. NACC's strategic positioning is reinforced by institutional partnerships with U.S. government entities (Select USA, U.S. Small Business Administration, U.S. Mission Nigeria, Illinois DOC, Delaware Black Chamber), Nigerian regulators (NIPC, NEPC), and corporate partners (Turkish Airlines, USATD, Woodhall Capital). Following the inauguration of Alhaji Sheriff Balogun as the 20th President in 2025, the organization is undertaking infrastructure expansion including a multi-storey building project launched at its 65th anniversary gala.

Name

Nigerian-American Chamber of Commerce

Legal name

Nigerian-American Chamber of Commerce

Website

https://nigerianamericanchamber.org

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

1–10 employees

Short description

NACC is the oldest bilateral chamber of commerce in Nigeria and West Africa, founded in 1960 to foster US-Nigeria trade. It is a Lagos-based non-profit serving 1,000+ members across 6 Nigerian chapters through trade missions, exhibitions, advocacy, and policy events.

Ownership category

akta.pro rank

Product category

Trade Association Services

akta.pro primary industry

Trade Policy, Agreements & Negotiations (BPADAMAA)

akta.pro secondary industry

Partner, Channel & Vendor Conferences (MPAGAGAL)

Keywords

• Trade facilitation
• Business networking
• Trade missions
• Policy advocacy
• Bilateral commerce

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Membership Dues: Annual membership fees from corporate and individual members across 6 chapters in Nigeria
2. Event Participation Fees: Revenue from breakfast meetings, annual galas, and other networking events
3. Event Registration Fees: Fees charged for attendance at NACC International Roundtable events - NACC Members: ₦30,000, Non-Members: ₦40,000
4. Exhibition Fees: AFPE exhibition fee of 60,000 NGN for small and medium enterprises to showcase products and services
5. Advertising Revenue: Revenue from corporate advertisements placed in event brochures - Full Page: ₦300,000, Half Page: ₦150,000, Quarter Page: ₦100,000

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels10 records

Core offering

The Nigerian-American Chamber of Commerce is a non-profit, membership-based bilateral chamber of commerce that facilitates trade and investment between Nigeria and the United States. It provides its members with networking events, trade missions, exhibitions, policy roundtables, and advocacy services to support bilateral commerce.

Product overview

The Nigerian-American Chamber of Commerce (NACC) is a bilateral chamber of commerce established in 1960, serving as a membership-based trade organization. Rather than a unified technology platform, NACC offers a portfolio of trade facilitation services including organized trade missions to U.S. states (annual missions to Maryland, Virginia, Washington D.C., and Florida), regular breakfast meetings and networking events, annual exhibitions (African Food & Products Exhibition), policy roundtables, the A.G.E.N.D.A. investment forum, SPOTLIGHT SME knowledge sessions, and sector-specific research publications like the Healthcare Whitepaper. The chamber connects over 1,000 members across 6 chapters with business development opportunities through advocacy, networking, and trade services between Nigeria and the United States.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate Membership
• Trade Missions to the United States
• Breakfast Meetings
• African Food & Products Exhibition (AFPE)
• SPOTLIGHT Event Series
• A.G.E.N.D.A. Forum
• Annual Anniversary Gala
• International Roundtable on Policy and Governance
• Export to U.S. Series

Quantifiable outcome

• Hundreds of trade and investment missions with influential market leaders planned and carried out, leading to economic benefits amounting to billions of dollars

Named customers15 records

Segments4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered core and minor.

• Turkish AirlinescoreGTM or Marketing Partner · 12 December 2024NACC signed MoU with Turkish Airlines to drive trade and investment and business travel opportunities for members' benefit. Turkish Airlines provides exclusive travel and flight benefits to NACC members.
• U.S.-Africa Trade Desk (USATD)coreGTM or Marketing Partner · 12 December 2024NACC signed MoU with USATD to drive trade and investment opportunities for members. The partnership aims to facilitate business connections between Nigerian and American businesses.
• Delaware Black Chamber of Commerce (DEBCC)minorStrategic or Co-development Partner · 21 June 2024NACC participated in DEBCC Q4 Minority Supplier Session in Delaware, USA. Wofai Samuel, Acting Director-General, was the only foreign speaker invited to this meeting, presenting on NACC's mission since 1960 and enabling growth of MSMEs.
• Illinois Department of Commerce & Economic OpportunityminorStrategic or Co-development Partner · 13 March 2024Illinois Department of Commerce and Economic Opportunity organized an Inbound Trade Mission to Nigeria from March 13-15, 2024. NACC supported the mission which aimed at promoting two-way trade between Nigeria and Illinois, identifying sales representatives, and introducing Illinois products to the Nigerian market.
• Woodhall CapitalminorGTM or Marketing PartnerNACC collaborated with Woodhall Capital, a global financial advisory firm, to celebrate Mo Abudu. Woodhall Capital CEO Moji Hunponu-Wusu reiterated the platform as an opportunity for successful women to inspire others.
• Select USAminorGTM or Marketing PartnerNACC delegates participated in Select USA, a US Government program that facilitates connections between businesses seeking to invest in the United States. Representatives from all 50 states were in attendance.
• Center for International Private Enterprise (CIPE)minorStrategic or Co-development PartnerNACC participated in an interactive exclusive dialogue organized by CIPE on policy, opportunities, and gaps in Trade Services in Nigeria in anticipation of the full implementation of the African Continental Free Trade Agreement (AfCFTA).
• Nigerian Investment Promotion Commission (NIPC)coreStrategic or Co-development PartnerNIPC participates in NACC events such as A.G.E.N.D.A. 2023, contributing to discussions on U.S.-Nigeria investment opportunities. Acting Executive Secretary & CEO Mrs. Hajja Gana Wakil was a keynote speaker.
• Nigerian Export Promotion Council (NEPC)coreStrategic or Co-development PartnerNEPC participates in NACC breakfast meetings and export-focused events. Dr. Ezra Yakusak, CEO NEPC, was represented at the February 2023 Export to US Series event.
• U.S. Small Business AdministrationminorStrategic or Co-development PartnerSupported the Illinois trade mission to Nigeria, working with NACC to facilitate connections between businesses.
• U.S. Mission Nigeria Commercial SectioncoreStrategic or Co-development PartnerU.S. Consul General Mr. Will Stevens led the Nigerian Delegation to Select USA. The Commercial Section features presentations from Counselor for Commercial Affairs, Julie Marie LeBlanc, and Commercial Attaché Blake Murray.
• Stanbic IBTC BankminorChannel Partner/ Reseller/ DistributorStanbic IBTC Bank is listed as a sponsor and partner, providing sponsorship support for NACC events including the African Food and Products Exhibition.
• Zenith BankminorChannel Partner/ Reseller/ DistributorZenith Bank serves as NACC's banking partner, with account number 1015012303 listed for event payments and exhibition fees.
• Chevron NigeriaminorChannel Partner/ Reseller/ DistributorChevron Nigeria is listed as a sponsor of NACC events including the African Food and Products Exhibition.
• Bank of IndustryminorChannel Partner/ Reseller/ DistributorBank of Industry sponsored the African Food and Products Exhibition and participates as an exhibitor, providing financing information to attendees.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• American Business Council Nigeria (formerly AMCHAM Nigeria): The principal U.S.-Nigeria bilateral business council in Nigeria. Directly comparable to NACC in mission (facilitating U.S.-Nigeria trade and investment), membership structure (corporate members), and event-based GTM, making it the closest head-to-head peer.
• Nigerian-British Chamber of Commerce (NBCC): Another Nigeria-based bilateral chamber facilitating trade and investment between Nigeria and the UK. Highly comparable in charter, chapter model, membership dues, and breakfast-meeting/AGM cadence.
• British Chamber of Commerce Nigeria (BCC Nigeria): U.K.-anchored bilateral chamber operating in Nigeria. Closely comparable to NACC in mission, member services, and trade-mission facilitation, serving as a peer benchmark for bilateral-chamber GTM and corporate sponsorship economics.

Broad incumbents

• Lagos Chamber of Commerce and Industry (LCCI): Nigeria's oldest and largest general chamber of commerce, headquartered in Lagos. Overlaps with NACC on membership-based trade advocacy, exhibitions, and policy dialogue, but operates across all trading partners rather than a single bilateral corridor.
• International Chamber of Commerce Nigeria (ICC Nigeria): National committee of the global ICC, focused on trade policy, arbitration, and commercial standards in Nigeria. Comparable on policy advocacy and corporate membership, but operates globally rather than on a single bilateral corridor.
• Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA): Umbrella body for Nigerian chambers at national level. Comparable in membership representation and policy advocacy, but acts as an aggregator rather than a single bilateral corridor operator.

Regional players

• Abuja Chamber of Commerce and Industry: General business chamber serving Nigeria's Federal Capital Territory. Comparable in event and membership model, with overlap in targeting corporate members and government agencies, though focused on the Abuja catchment rather than the bilateral U.S. niche.
• French-Nigerian Chamber of Commerce and Industry (CCIFN): Franco-Nigerian bilateral chamber serving French companies and Nigerian partners. Comparable business model—corporate memberships, networking events, trade facilitation—and a regional benchmark for bilateral chambers in West Africa.
• Nigerian-German Business Association: Bilateral association connecting Nigerian and German businesses. Comparable in mandate and event formats, though smaller scale and with a European rather than U.S. focus.

Emerging players

• U.S.-Africa Trade Desk (USATD): Recent MoU partner of NACC (May 2025) focused on connecting U.S. and African businesses. Comparable in target customer base and bilateral-trade facilitation mission, with potential overlap or partnership positioning rather than direct competition today.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/naccng
• YouTubeyoutube.com/channel/UCvswqTONr2JkC5o2wFzaZ_g
• Facebookfacebook.com/nigerianamericanchamberofcommerce
• LinkedInlinkedin.com/company/nigerian-american-chamber-of-commerce
• Instagraminstagram.com/naccng

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Nigerian-American Chamber of Commerce