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WTO Reports Moderate Growth in Global Trade Amid Rising Uncertainty

The World Trade Organisation (WTO) reported steady growth in goods trade during the fourth quarter of 2024. 

Experts: Global Shipping Will Increase Nigeria’s GDP Earnings by $5.42bn

Experts have estimated that by increasing the participation of Nigerian-owned ships in global trade, Nigeria's Gross Domestic Product (GDP) can grow by $5.42 billion. 

Report Says Nigeria, 12 Others’ll Grow Global Trade To $30trn

Report Says Nigeria, 12 Others’ll Grow Global Trade To $30trn   A new report commissioned by Standard Chartered and prepared by PwC Singapore has said Nigeria and 12 other countries will be responsible for driving global trade to $30tn by 2030. The report said global exports would...

IMF Projects 10.4% Contraction In Global Trade

IMF Projects 10.4% Contraction In Global Trade         The International Monetary Fund (IMF) has projected a 10.4 per cent contraction in global trade as well as a global economic growth rate of -4.4 per cent in 2020. In the just-released biannual World Economic Outlook (WEO) report, the...

Fed Govt To Support Local Vessels For Global Trade

Fed Govt To Support Local Vessels For Global Trade   Nigerian flagged vessels are set to engage in global trade. The Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Dakuku Peterside, who disclosed this, said the agency’s efforts at building capacity and making sure Nigerians...

Report Shows Further Weakening In Global Trade

Report Shows Further Weakening In Global Trade   The growth of world merchandise trade volumes is likely to remain weak in the third quarter of 2019 according to the World Trade Organisation's (WTO) latest 'Goods Trade Barometer.' The latest reading of 95.7 from the barometer, formerly the...