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...

FG To Earn $3bn From Hibiscus Export To Mexico Yearly   The Comptroller General, Nigeria Agricultural Quarantine Service (NAQS), Dr. Vincent Isegbe, has said the country is expected to earn about $3 billion annually from hibiscus exports to Mexico. Both NAQS and its Mexican counterpart body, SENASICA,...

Buhari Seeks Increase In Volume Of Trade As Nigeria Records Over $1.69bn Exports To US President Muhammadu Buhari has described the United States as Nigeria’s main trading partner and one of “our most important diplomatic partners”, underscoring the need for concerted efforts to increase the...

Nigeria Generates In N14bn From Cashew Export   Nigeria earned about N14bn from the export of cashew in the last one year and is in the process of doubling the annual production of the commodity to one million metric tonnes per annum, the National Cashew Association...