Nigeria Records N5trn Non-oil Exports
More than N5 trillion non-oil export cargoes were ferried out of the country in the fourth quarter of last year.
The goods were shipped out of Lagos ports and formed part of the total export goods valued at about N6 trillion.
Customs...
LCCI, NEXIM Bank Seek Policies To Grow Non-oil Exports
The Director-General, the Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf, and Managing Director of the Nigerian Export-Import Bank (NEXIM), Abba Bello, have called on the government to create policies that would increase the...
Exporters, Agents Lament Difficulties In Obtaining CBN Proceeds Number
Nigerian exporters have lamented the difficulties and undue stress in obtaining the Nigerian Export Proceeds Number, a new procedure introduced by the Central Bank of Nigeria for non-oil exportation.
The exporters and agents in separate interviews said...
NEPC, Operators Seek National Carrier To Boost Non-oil Export
While building the capacity of non-oil exporters is key for market penetration, the country needs a national carrier to further improve its chances of entering new markets and deepening non-oil export growth, the Nigerian Export Promotion...
More Pressures, As Growth In Non-oil Export Revenue Stagnates
The headwinds facing Nigeria’s economy has forced the value of Naira to decline 31 percent in seven months ended July 2020. But the pressure on the external sector seems headed for further deterioration as the nation...
Non-oil Export Earnings Rise To $1.21bn
Non-oil export earnings through banks rose to $1.21bn in the first quarter of 2020.
The Central Bank of Nigeria disclosed this on Friday in its first quarter economic report, titled ‘Non-oil export earnings by exporters.’
The CBN said, “Total non-oil export...
