…in the corresponding period of 2025, driven largely by a surge in petroleum products exports. Analysis of data from the quarterly statistical bulletin, of the Central Bank of Nigeria’s (CBN) for Q2’26, showed that the country’s export earnings increased by $6.82 billion during the six-month period, with petroleum produ…

…financial technology, oil and gas, agriculture, real estate, construction, commodity exports and the creative industry as sectors capable of supporting investment and employment. He nevertheless acknowledged the need to address unreliable electricity, inefficient transportation, insecurity, limited access to finance an…

…supported by inflows from sources including diaspora remittances and hydrocarbon exports.Higher external reserves can help strengthen confidence in the country's ability to meet foreign exchange obligations and manage pressure on the naira.Naira holds at N1,380/$1 on the parallel market despite official market gains. P…

…a market for finished products. We must become a nation that processes, manufactures and exports,” he said. He urged the government and private sector to establish a new economic accord built around policy stability, productive investment, human capital development, access to long-term capital and shared prosperity. He…

…a market for finished goods. We must become a nation that processes, manufactures, and exports,” he said. The industrialist identified Nigeria’s cement industry as evidence that domestic investment and supportive industrial policies could transform an import-dependent sector into an export-oriented industry. “Not so lo…

…naira appreciation.Brent crude declined to $114.40 per barrel on Monday as regional exports recovered despite continuing geopolitical tensions in the Middle East.Pound, euro gain as parallel market holds steadyThe naira had previously depreciated by ₦29.58 against the dollar over the preceding week, closing at ₦1,3…

…the competitiveness of our firms and investment incentives by the capital, technology, exports and jobs they attract.” The President outlined what he described as the achievements of his administration’s reforms, saying they had been well-documented. He cited figures from the National Bureau of Statistics, NBS, indicat…

…while emphasising the need to increase domestic refining, manufacturing and non-oil exports. The Vice President maintained that economic growth must ultimately translate into improved livelihoods, productive employment and greater opportunities for Nigerians. He urged government officials, businesses and other stakehol…

…East.Market participants fear that further escalation could disrupt crude production, exports and international shipping routes.Middle East tensions fuel supply concernsThe latest increase followed reports of attacks by Iran-backed Houthi militants targeting energy facilities and other infrastructure in Saudi Arabia.Re…

…a series of measures aimed at removing the obstacles that have long hampered non-oil exports, with a focus on boosting foreign exchange inflows and connecting businesses across Nigeria to global markets.NPA Managing Director and Chief Executive Officer, Dr. Abubakar Dantsoho, disclosed at the NPA Special Day during the…

…into megawatts, fertilizer, petrochemicals, cleaner mobility, manufacturing, jobs and exports,” she said. She argued that African countries must retain the freedom to determine the pace of their energy transitions in line with their development priorities and economic circumstances. “The energy transition must also mea…

Nigeria’s cocoa bean exports to the United States rose sharply by 554 per cent to $142m in 2025, up from $21.7m recorded in 2024, according to the United States Mission in Nigeria. The increase highlights the growing demand for Nigerian cocoa in the international market and the potential for the country to earn more fo…

…of the Iranian navy has limited Tehran's ability to halt a steady ramp-up of oil exports transiting the strait. Independent maritime security data and incident reports submitted to the United Kingdom Maritime Trade Operations (UKMTO) reflect a noticeable surge in attacks over recent days. Incidents involving drone stri…

…exporting raw commodities and retain more value through local processing, branding and exports. He said, “The transformation of cocoa and coffee must therefore begin at the farm, but must not end there. From improved planting materials and agronomic practice through extension, aggregation, and post-harvest management t…

***Exports grow as coking gas shortages persist***Stakeholders blame poor policy alignments, seek overhaulsBy Udeme Akpan, Energy Editor Despite more than 200 trillion cubic feet (Tcf) of proven natural gas reserves and nearly two decades of multiple policies aimed at making gas the foundation of Nigeria’s industrial e…

…as another significant burden, particularly for businesses dependent on imports and exports. "Port inefficiency remains a significant 'hidden tax' on investment," it said.According to the department, Lekki Deep Seaport handled $9.6 billion in trade in 2025 while operating at 50 per cent capacity, easing pressure on old…

…foreign trade data from the National Bureau of Statistics showed that agricultural exports fell by 33.28 per cent, or N985.14bn, to N1.98tn in H1 2026 from N2.96tn in H1 2025. Agricultural imports fell by only 8.50 per cent, or N188.74bn, to N2.03tn from N2.22tn over the same period. The gap between the two movements p…

…NEPC boss highlighted the Council’s recent achievements in promoting Nigeria’s non-oil exports, including the country’s record non-oil export earnings of about $6.1 billion in 2025, representing an increase from $5.46 billion recorded in 2024. She said 281 products were exported to 120 countries during the period. Ayen…

…foreign exchange market. Tinubu said Nigeria recorded its highest revenue from non-oil exports in 2025, exceeding $6 billion. “This is real money being made by real Nigerian businesses,” he said. The President said international observers, journalists, non-governmental organisations and multilateral institutions had al…

…agricultural sector, saying it would create jobs, improve food security, increase exports and move the country from subsistence to commercial agriculture. They made the call at the two-day symposium and exhibition held by Lagos Chamber of Commerce and Industry, LCCI, in Lagos. According to them, industrialisation would…

…event as a pivotal stepping stone for local importers looking to diversify into non-oil exports. Reaffirming the institution’s long-term strategy, the Divisional Executive at Wema Bank, Tajudeen Bakare, emphasized that the bank’s relationship with the cohort extends far beyond classroom instruction. He explained that W…

…critical to the growth of the livestock sector as Nigeria seeks to expand production and exports. “No trading partner will take any piece of meat from you if you don’t have a system capable of tracing livestock and livestock products through the value chain,” she said.See more Punch stories on Google.Add Punch on Googl…

…for modern technologies, energy systems and industrial production. Yet Africa frequently exports raw materials while importing finished products made from those same resources. Mahama’s response was unequivocal: “We will process our minerals at home.” That is not merely an economic slogan. It is a development strategy.…

…market, while 9.73ml/d was exported.For AGO, domestic receipts stood at 12.37ml/d, while exports reached 8.75ml/d.Nigeria Gets More Petrol From Dangote Refinery as Crude Supply to Local Refineries Surges>The refinery recorded 3.07ml/d in domestic ATK receipts, compared with 21.30ml/d exported during the month.The facil…

…market, while 9.73ml/d was exported. AGO domestic receipts stood at 12.37ml/d, against exports of 8.75ml/d, while ATK domestic receipts were 3.07ml/d compared with exports of 21.30ml/d. The refinery ended August with stocks of 360.4 million litres of PMS, 137.2 million litres of AGO and 133.3 million litres of ATK. The…