Export Proceeds, Remittances Diverted To Parallel Markets Weakening Naira         The continued diversion of export proceeds by exporters and diaspora remittances inflows to the parallel market are responsible for the ongoing depreciation of the naira against the dollar, global forex dealers have said. Trading Desk Manager, AZA,...

Fed Govt Earns $5m Annually From Shea Butter Exports       Nigeria currently earns over $5 million yearly from shea butter exports. The country, however, is targeting about $100 million annual earnings from the commodity. The Federal Capital Territory (FCT) Minister of State, Dr. Ramatu Aliyu, disclosed this...

Nigeria’s Strength Lies In Export Of Services - NEPC Boss       The Managing Director and Chief Executive Officer, Nigeria Export Promotion Council, Segun Awolowo, says Nigeria has an advantage over other African countries in the export of services. Awolowo said this at the Africa-China Trade Import and...

Nigeria’s Export To Rise By 8% With AfCFTA — Fed Govt       The African Continental Free Trade Area (AfCFTA) pact would cause 8.18 per cent rise in Nigeria’s exports across Africa. Speaking at a training for staff of the Investment Promotion Department of the Ministry of Industry,...

Nigeria Earned $10.4m From Ginger Export In 2019       Nigerian exporters earned $10.4million from the exportation of ginger in 2019. This comes as the farmers said they are doubling production this year to tap into the $3billion global ginger market. Nigeria, though the largest producer of ginger...

In Six Months, Solid Minerals Export Earnings Drop By 80% To $3.16bn       Nigeria’s solid minerals export dropped by 80.1 per cent or N12.76 billion to N3.16 billion in the first half of 2020 compared to N15.88 billion recorded in the same period in 2019. Data obtained...