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Tag: Trade

Business featured

India-Nigeria trade hits $9bn, rises by 26%

India-Nigeria bilateral trade rose by 26 per cent to about $9 billion in 2025–26, from $7.13 billion recorded in 2024–25, as economic ties between both countries deepen beyond oil and commodities into manufacturing, healthcare, energy, technology and job creation. Vanguard reported that the Indian High Commissioner to Nigeria, Abishek Singh, disclosed that more than 200 […]

World

Global goods trade hits $13.7trn in H1 2026

Global goods trade rose to about US$13.7 trillion in the first half of 2026, representing a 12.5 per cent increase compared with the same period in 2025. This is according to a recent United Nations Conference on Trade and Development report titled “Global trade continues to expand amid rising price pressures”. UNCTAD said the increase […]

Economy featured

Nigeria’s trade balance surges 43.8% in first nine months of 2025

Nigeria’s total trade balance experienced a significant rise, increasing by 43.8 per cent year-on-year to N19.32 trillion in the first nine months of the year from $13.43 billion recorded in 9M’24. Data from the National Bureau of Statistics report titled ‘Foreign Trade in Goods Statistics,’ showed conclusively that the overall value of exports exceeded that […]

Subsidy: Traders lament low generator sales
Business

Lagos announces dates for 2025 trade test

The Lagos State Examinations Board, under the Ministry of Basic and Secondary Education, has announced the dates for the 2025 Trade Test for artisans and technicians across the state. The test aims to evaluate the competence, skill, and proficiency of artisans and technicians in various trades. According to the Director/Registrar of the Lagos State Examinations […]

Nigeria-UK trade relations worth £7bn, says British envoy
News

Nigeria-UK trade relations worth £7bn, says British envoy

The trade relations between Nigeria and the United Kingdom have soared to £7bn, according to British High Commissioner to Nigeria, Richard Montgomery. In an interview with the News Agency of Nigeria in Abuja, Montgomery revealed that both nations have sealed a fresh agreement on enhanced trade and investment partnership. This agreement aims to bolster cooperation […]

South Korea passes law to ban dog meat trade
Business

South Korea passes law to ban dog meat trade

South Korea has passed a new law that calls for the abolition of dog meat slaughter and sale by 2027. According to BBC, the legislation intends to put an end to the centuries-old habit of eating dog flesh. The legislation prohibits raising or slaughtering dogs for human food, as well as distributing or selling dog […]

Tinubu, Dangote, Elumelu, Otedola, 35 others to attend business summit in Indian
Business

India to overtake China as Nigeria’s top trading partner – Report

In the coming decade, India is expected to overtake China as Nigeria’s top trading partner, according to a report by Standard Chartered and its partners. Nairametrics reported that the “Future of Trade 2030- Trends and Markets to Watch” research noted that Nigeria’s fastest and largest export corridor will be India, with exports anticipated to rise […]

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