Agric Imports Exceed Exports By N443.35bn In Q1, 2022
The value of agricultural goods imported into the country exceeded exports by N443.35bn in the first quarter of 2022 amid rising security challenges that have continued to affect the fortunes of the sector.
Data obtained from the...
CBN Boosts Sesame, Cocoa Exports With N21bn Disbursement
The Central Bank of Nigeria (CBN) has disbursed N21bn to boost the production and export of cocoa and sesame seeds.
According to the bank, the CBN Governor, Godwin Emefiele, disclosed this at the last Monetary Policy Committee, while...
Customs, CBN Clash Over E-valuation Of Imports, Exports
The Nigerian Customs Service has refuted media reports which claimed that the service has adopted the e-evaluator and e-invoicing for importers and exporters introduced by the Central Bank of Nigeria.
In a statement released on Thursday via the...
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...
