Nigeria’s Trade Surplus Jumps 220% to $480m
Nigeria recorded a $480 million trade surplus in January 2026, driven by a 4.46 percent increase in export receipts to a record $4.68 billion, largely fueled by petroleum products.
This represents a 220 percent month-on-month (MoM) increase in trade...
Nigeria's Non-Oil Export at Risk as Logistics Cost Rise
Nigeria’s non-oil export sector is facing mounting pressure from rising logistics and energy costs despite growing global demand and increasing export value, a new industry report has revealed.
The report, unveiled on Wednesday during a virtual event...
NEPC Faults Global Economy For Non-oil Export Decline
Nigeria’s non-oil sector recorded a slight decrease in the value of exports to $2.54bn representing 0.09 per cent dip in the first half of 2023.
This was revealed by the Executive Director/Chief Executive Officer of the Nigerian Export...
CBN Expands Non-oil Export Rebate to Boost Dollar Inflows
The Central Bank of Nigeria (CBN) says it has expanded its non-oil export rebate scheme by opening it up to additional sectors in a bid to boost dollar inflows amid slumping oil production.
In the expanded scheme,...
Emefiele Says Non-oil Exporters Repatriated $1.7bn In Q1, 2023
The Central Bank of Nigeria (CBN), yesterday, revealed that non-oil exporters repatriated about $1.7 billion into the nation’s economy in the first three months (Q1) of 2023.
Its Governor, Godwin Emefiele disclosed this during his keynote address...
Report Reveals Non-oil Export Earnings Hit $75m In Two Months
Earnings from non-oil export in October and November rose to $75m, figures obtained from the Central Bank of Nigeria (CBN) have revealed.
The CBN stated in its November economic report that non-oil export earnings rose by...
