Olam, Nine Others Earned $100m From Exports – CBN Report       Top 10 exporters in the country exported non-oil goods worth $100.88m in November, according to the Central Bank of Nigeria. The CBN disclosed this in its latest monthly economic report. Part of the report read, “Estimates of...

FEC Approves National Quality Policy For Exports       The 31st virtual Federal Executive Council (FEC) presided over by President Muhammadu Buhari has approved the National Quality Policy to stop the rejection of Nigerian exports. Minister of Industry Trade and Investment, Niyi Adebayo, who briefed State House Correspondents...

Oil Contributes 81% To N2.99trn Q3 Exports - NBS       Despite efforts made at boosting non-oil earnings, crude contributed N2.42 trillion to the country’s 2.99 trillion Q3 2020 export earnings, data released by the National Bureau of Statistics (NBS) yesterday showed. With the figure, crude’s share of...

Oil, Gas Exports Hit $3.71bn In 13 Months       Nigeria exported crude oil and gas worth $3.71bn from August 2019 to August 2020, latest statistics released by the Nigerian National Petroleum Corporation have shown. The NNPC also stated that Nigeria’s total crude oil and gas export sale...

Nigeria’s Oil Exports Threatened As US Floods European Market     The increasing flow of the United States crude into Europe is threatening to displace the region’s traditional light, sweet crudes, forcing sellers of Nigerian and Mediterranean crudes to discount September-loading cargoes. S&P Global Platts quoted traders on...

COVID-19 To Slow Cocoa, Cashew Exports - NEPC   The Nigerian Export Promotion Council says an assessment of the impact of coronavirus on agricultural exports shows that the pandemic will lead to a fall in export of cocoa beans, cashew nuts and sesame seeds this year. The...