Nigeria’s Commodity Terms Of Trade Declines As Exports Fall By 2.3%   Nigeria’s all commodity terms of trade (ToT) fell by 2.85 percent in the third quarter of 2021 (Q3’21) even as commodity exports declined by 2.3 percent during the period. This represents the third consecutive quarterly...

Nigeria’s Exports To Hit $112bn By 2030 - Report   A new research by Standard Chartered has projected that global exports will almost double from $17.4tn to $29.7tn over the next decade, with Nigeria topping the volume for Africa. At 9.7 per cent yearly growth rate, the...

Nigeria’s Service Imports Surpass Exports, Records $33.7bn Deficit   Nigeria recorded trade in services deficit of $33.7bn in 2019, even as its merchandise exports fell by 14.1 per cent in the same year, according to the United Nations. The UN, in its UN Comtrade International Statistics Yearbook...

Manufactured Imports Exceeded Exports By N4.3trn In Q2 – NBS           The value of manufactured goods imported into the country exceeded exports by N4.37tn in the second quarter of 2021, according to figures obtained from the National Bureau of Statistics. The NBS stated that the value of...

AfCTA To Boost Africa’s Exports By $560bn - FG       When fully operational, the African Continental Free Trade Area (AfCFTA) agreement will boost exports in the continent by at least $560 billion, the federal government has said. Senior Special Assistant to the Nigerian President on the Public...

Non-oil Exports Decline By 5% To $870m In Three Months       Nigeria’s non oil export earnings fell by five percent to $870 million in three months to November 2020, from $920 million in the previous three months. But the top ten non oil exporters grew their export...