Raw Material Exports Won’t Save Nigeria - Adedeji Nigeria must urgently transition from an economy dependent on raw material exports to one driven by ideas, innovation, and the production of complex goods if it hopes to achieve sustainable growth and long-term prosperity, the Chairman of...

$400m Generated from Cashew Exports - FACAN Nigeria’s cashew industry has contributed over $400m in export earnings, supporting the country’s non-oil revenue, but industry leaders say the sector has the capacity to deliver greater value through increased production, processing, and domestic consumption. President of the Federation...

Trade Surplus Hits N6.69trn as Nigeria's Exports Shine   Nigeria recorded a trade surplus of N6.69tn in the third quarter of 2025, at a 27.29 per cent growth rate, continuing a trend of trade surpluses. Stakeholders attribute the consistent positive performance to the economic reforms in...

Nigeria Becomes Senegal Refinery's Key Crude Supplier — Report   Nigeria has emerged as a key crude supplier to the 30,000-barrels-per-day Dakar Refinery in Senegal, even as the country celebrated its entry into the league of oil-producing nations last year. Senegal began pumping oil in mid-2024 from...

U.S. 15% Tariff on Nigerian Goods Takes Effect Thursday, Threatening $12bn Exports The United States will begin enforcing a new 15% tariff on Nigerian exports next week Thursday, a move expected to hit the country’s oil-dependent economy and strain its trade ties with Washington. President Donald...

The trade relationship between the United States and Nigeria has suffered a significant setback, as official data from the US Census Bureau and the Bureau of Economic Analysis show that US imports of Nigerian goods decreased by $527m.