A recent border closure between Nigeria and Niger has put a $226.34 million trade relationship in jeopardy. This trade link, established through years of cooperation, is...
Naira joins exclusive list of pre-approved currencies for UK Export Finance, opening doors for Nigerian businesses
This decline can be partly attributed to the slowdown in economic activities in Q1 ‘23 due to the cash crunch associated with the Naira redesign policy.
Data from the International Trade Center (ITC) has unveiled a disconcerting trend for Nigeria as the country's expenditure on imported phones, generators, electrical transformers, and other...
Palm oil imports from Malaysia rose by 353 percent in the first four months of the year despite forex restrictions imposed on the commodity.
The figures show an impressive increase of 80.77%, with the trade balance soaring from $2.6 billion in the prior year to a substantial $4.7 billion in...
Broad money supply (M3) in April 2023 grew by 22.11%
In a recent report titled “Trade Integration in Africa: Unleashing the continent’s potential in a changing world,” the International Monetary Fund (IMF) has emphasized the transformative...
The Nigerian Shipper’s Council (NSC) has successfully saved a remarkable sum of N2.7 billion, protecting it from potential losses. The council’s unwavering efforts in tackling challenges...
Nigeria’s Central Bank has warned that shipping lines and agents who connive with exporters to take products out of the country without proper documentation will face...