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Domestic transactions on NGX hit record ₦10.68trn in July

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Tag: Export

Business featured

Nigeria’s exports to China jump 80% to $2.3bn

Nigeria’s exports to China surged by 80 per cent to $2.3 billion in the first half of 2026, driven by China’s expanded zero-tariff policy for African countries and rising demand for Nigerian commodities. Vanguard reported that the increase was disclosed by the Chinese Ambassador to Nigeria, Yu Dunhai, during an international seminar on “China’s Zero-Tariff […]

Business

WTO ranks Africa second in global export growth for Q1

Africa’s merchandise exports increased by 14 per cent year-on-year in the first quarter of 2026, recording the second-highest regional growth after Asia, according to the World Trade Organization. The WTO disclosed this in its latest trade outlook titled “Global goods trade resilient in the first quarter of 2026 despite war in Middle East,” released on […]

Oil and Gas

Nigeria’s crude oil export earnings drop 14.41% to $31.54bn

Nigeria’s crude oil export earnings dropped in 2025 compared to the previous year, according to the Central Bank of Nigeria. The Federal Government’s crude oil export earnings fell 14.41 per cent to $31.54 billion in 2025 from $36.85 billion recorded in the corresponding period of 2024. The drop was attributed to lower international crude oil […]

Business

Nigeria earned ₦20.22tn from crude exports in five months

Nigeria exported an estimated 148.9 million barrels of crude oil valued at about N20.22tn in the first five months of 2026, showcasing the scale of the country’s oil trade despite persistent concerns over production levels. The crude barrels were exported by both international and indigenous oil companies, including the Nigerian National Petroleum Company Limited. While […]

World

Nigeria’s manufactured exports drop despite global trade surge — UNCTAD

Global trade recorded a notable upswing in 2025, driven largely by strong manufacturing activity, which expanded by 11 per cent, even as volatile commodity prices created uneven performance across sectors. This is according to the latest Global Trade Update (April 2026), titled “Global Trade Growth Continues, but Fragility Rises,” released by the United Nations Conference […]

Food

Nigerian onion traders suspend exports to Ghana over harassment

The multi-million dollar onion trade between Nigeria and Ghana has been thrown into uncertainty after Nigerian onion traders announced the immediate suspension of onion exports to Ghana. The traders cited persistent harassment, intimidation and the seizure of trucks by local trader groups in Accra. The development, which threatens a major segment of agricultural trade within […]

Business

Palm oil drove 20.7% surge in Malaysia’s 2025 exports to Nigeria

Malaysia’s exports to Nigeria increased by 20.7 per cent in 2025, reaching a total value of $664 million. This rise reflects growing bilateral economic relations and deeper engagement between the two countries amid global trade uncertainties. The export growth was mainly driven by a 33.7 per cent rise in palm oil and palm oil-based agricultural […]

featured Ports and Airports

NPA urges traders to embrace new export channels

The Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, has urged traders and investors to leverage new export channels to reposition Nigeria globally. Marking the 2026 NPA Special Day on Saturday, Dantsoho said the authority introduced simplified processes to dismantle long-standing bureaucratic bottlenecks hindering export participation. He explained the reforms aimed to boost […]

FG targets 6500 megawatts power generation in six months
Electricity featured

Nigeria projects $1bn annual power export revenue by 2026

The Federal Government is forecasting almost $1 billion (approximately N1.49 trillion) in yearly revenue from exporting electricity to 15 West African countries under the Economic Community of West African States sub-region, starting in June 2026. This earning projection is based on the potential revenue from exporting a full 600 megawatts capacity, billed at the prevailing […]

Business

Osun partners FG to export made-in-Osun goods globally

Osun State Governor, Ademola Adeleke, has revealed that his administration is actively collaborating with two Federal Government agencies to ensure that goods produced within the state successfully reach the global market. Governor Adeleke specifically identified the collaborating agencies as the Nigerian Export Promotion Council and the Nigerian Investment Promotion Commission, stating the partnership aims to […]

Monthly petrol import drops by 990m litres - Minister
Oil and Gas

Nigeria achieves petrol export milestone with N371.54bn shipment

Nigeria has made a significant breakthrough in its energy sector, exporting Premium Motor Spirit, popularly known as petrol, worth N371.54 billion in the second quarter of 2025. This milestone marks the first recorded shipment of the product after the Dangote Petroleum Refinery, Africa’s largest single-train refining complex, came online. According to the National Bureau of […]

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