In Q2, Nigerians Preferred Netherlands for Export   A trade report by the National Bureau of Statistics (NBS) has indicated that The Netherlands maintained its lead as the top export destination of Nigerian goods in the second quarter of 2023. The report titled: “Commodity Price Indices and...

NEPC Compiles Export Potential In 774 LGAs   The Nigerian Export Promotion Council (NEPC), said it had begun the compilation of export potential in the 774 Local Government Areas of Nigeria. Dr. Ezra Yakusak, Executive Director of NEPC, who stated this on Saturday in Abuja at the...

Consumers Lament As Nigeria Exports N23bn Electricity   Power consumers, on Wednesday, kicked against the export of about N23.13bn worth of electricity from Nigeria to some neighbouring countries in 2022 despite the widespread darkness witnessed in many Nigerian communities. The latest data on the remittances by international...

Naira Devaluation Pushes Nigeria’s Export To N42trn   The value of Nigeria’s export may rise to at least N41.99tn per year following the Central Bank of Nigeria float of the naira. The apex bank had last Wednesday directed Deposit Money Banks to remove the rate cap on...

FG To De-risk Cashew Value-chain To Boost Production, Export   The federal government has taken immediate steps to maximise and harness the full economic potential inherent in cashew export. The Executive Director/Chief Executive, Nigerian Export Promotion Council (NEPC), Dr. Ezra Yakusak, said even though Raw Cashew Nut...

Nigeria Can Generate $1bn From Leather Export, Says NEPC   Nigeria may generate over $1 billion by 2025 from the leather, cotton and garments sector, the Nigeria Export Promotion Council (NEPC) has said. Speaking at the stakeholders’ engagement forum and exhibition in assessing the opportunities and challenges...