CBN, China Expand Trade With CNY1.18bn   A total of CNY1.18bn had been auctioned in the market as of the end of June 2019 since the Central Bank of Nigeria signed a Bilateral Currency Swap Agreement with the People’s Bank of China in April 2018. A total...

Nigeria, China’s Bilateral Trade Now $8.6bn   Nigeria and China recorded $8.6bn bilateral trade between January and June 2019. There had also been an increase in the projects undertaken by China in the country. The Consul General, Chu Maoming, said this in his speech at the reception to...

Nigeria Recorded N32trn Trade Last Year, By NBS The Nigerian economy recorded a total of N32trn trade in the 2018 fiscal period, figures obtained from the National Bureau of Statistics have revealed. The amount is contained in the fourth quarter foreign trade statistics report, which was...

Afreximbank Highlights Merits Of AfCTA To Intra-African Trade   The African Export-Import Bank (Afreximbank) has reiterated that the African Continental Free Trade Agreement (AfCTA) will boost intra-African trade. The Bank also said the agreement would lead to specialisation among African countries in areas they have comparative advantage. The...

Nigeria, Norway Seek Stronger Ties As Trade Hits $30bn With Nigeria being Norway’s largest trade partner on the continent, both economies have stressed the need to strengthen the bilateral ties even further.Indeed, both economies with apparently the same Gross Domestic Product (GDP) size believe that...

Under One Year, Nigeria,Others Seal Trade Deals Worth N8.9tr   The value of trade between Nigeria and some European Union (EU) member-states presently stood at 25.3 billion Euros (about N8.9tr) in 2017. The Deputy Head of Delegation, European Union (EU) to Nigeria and ECOWAS, Mr. Richard Young,...