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...
Non-oil Export Earnings Drop By 37.8%
Earnings from non-oil exporters fell by 37.8 per cent in the last quarter of 2019, the Central Bank of Nigeria disclosed in the 2019 fourth quarter report on non-oil export earnings by exporters.
The total non-oil export earnings received through...
The country is losing $12bn (N3.9tn) annually to informal or illegal non-oil exports, the Nigeria Export Promotion Council has said.
The Managing Director/Chief Executive Officer, NEPC, Mr. Segun Awolowo, was quoted in a statement obtained as saying that Nigeria had lost $30bn in oil revenue...
As Nigeria moves towards diversifying the economy, the Nigerian Export Promotion Council (NEPC) has set a long-term target of achieving $100billion earnings from non-oil exports.
The executive directorCEO, Nigerian Export Promotion Council (NEPC), Mr Olusegun Awolowo, disclosed this while presenting a paper, “The ‘Zero Oil...
