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Tag: Export

Only four Nigeria states attract foreign investment in Q4 - Report
Business

Lagos ports processed 90% Nigerian exports in Q1 – NBS

In the first quarter of 2023, various ports in Lagos handled 97.13 percent of exports and 81.5 percent of imports, accounting for about 90 percent of all import-export transactions in Nigeria. Results from the National Bureau of Statistics Foreign Trade in Goods Statistics for Q1’23 reveal that N10.83 trillion, or 89.9% of Nigeria’s overall trade of N12.05 […]

US, EU forge alliance to address China's export control
News

US, EU forge alliance to address China’s export control

In a significant move to address mounting concerns about China’s non-market practices, Washington and the European Union are set to announce their commitment to joint action and coordinated export controls. The draft statement, providing a glimpse into the upcoming EU-U.S. Trade and Technology Council meeting, reveals a strategic alliance aimed at tackling economic coercion and […]

Nigeria is Norway's top importer of stockfish - Report
Foods

Stockfish importers complain about currency ban on products

The Premier Stockfish Importers Association of Nigeria asserts that given the ongoing prohibition on stockfish from accessing foreign exchange, the future of the stockfish industry is likely to remain bleak. According to the News Agency of Nigeria, this was said in an interview on Thursday in Lagos by the association’s chairman, Mr. Gregory Ilobinso. Stockfish, […]

NAFDAC cuts licensing fees by 65%
Business

NAFDAC, UK negotiate bilateral agreement for Nigerian products

The National Agency for Food and Drug Administration and Control revealed that it is working on a bilateral deal with the UK Government which would enable easier exports of Nigerian processed products registered with NAFDAC. To take full advantage of the opportunity, business owners who intend to enter the processed food export industry are invited […]

Economy

Non-oil exports wil surpass $4.8bn 2023 – NEPC

The Nigerian Export Promotion Council has pledged to make sure that Nigeria surpasses the $4.82 billion it made from non-oil exports in 2022.n The Punch reported that NEPC’s Ekiti State Coordinator, Mrs. Iyabode Abe, stated that the organization “Will continue to support the development of non-oil export in order to defend the nation’s economy” under […]

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