Tag: #Trade
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NIGERIA RECORDS N34.78 TRILLION TRADE VALUE IN Q1 2026 — NBS
Nigeria recorded a total merchandise trade value of N34.78 trillion in the first quarter of 2026, according to the National Bureau of Statistics (NBS). The report shows that exports stood at N21.17 trillion, representing 60.85% of total trade, with crude oil continuing to dominate Nigeria’s export basket. Non-crude oil and non-oil products also contributed to…
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AFRICAN EXPORTERS SEE GROWTH POTENTIAL IN CHINA’S ZERO-TARIFF POLICY
African experts say China’s zero-tariff policy presents a major opportunity for African countries to expand exports and strengthen trade ties. The policy, which covers 53 African countries, took effect on May 1 and was discussed during a webinar hosted by the Sino-SA Media Club. Experts noted that Africa can benefit significantly if countries improve production…
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NIGERIA’S PORTS RECORD STRONGER CARGO, VESSEL TRAFFIC IN Q1 2026
Nigeria’s maritime sector recorded notable growth in the first quarter of 2026, with the Nigerian Ports Authority (NPA) reporting increases in cargo movement, vessel traffic and port activities. According to the NPA, ocean-going vessel traffic rose by 19.5% to 46.75 million Gross Registered Tonnage, while total cargo throughput increased by 11.6% to 32.38 million metric…
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SAUDI ENVOY, DANGOTE MOVE TO BOOST INVESTMENT TIES BETWEEN BOTH ECONOMIES
Saudi Arabia’s Ambassador to Nigeria, Yousef bin Mohammed Al-Balawi, has met with billionaire businessman Aliko Dangote to deepen economic cooperation between both countries. The meeting, held at the envoy’s residence in Abuja’s Diplomatic Quarter, focused on expanding partnerships in energy, industry, infrastructure, and investment opportunities. Al-Balawi said the engagement reflects growing Saudi–Nigeria economic relations and…
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MIDEAST WAR SHOCKWAVES: GLOBAL ECONOMIC RECOVERY UNDER THREAT – SACCI WARNS
Rising conflict in the Middle East is rattling global markets and casting doubt on economic recovery plans worldwide. The South African Chamber of Commerce and Industry has warned that ongoing conflict in the Middle East is worsening instability in global financial markets and threatening economic recovery prospects in South Africa and beyond. In a statement,…
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NIGERIA, UK DEEPEN SECURITY AND ECONOMIC TIES AT WINDSOR SUMMIT
From Windsor Castle to Abuja, both nations reaffirm a partnership built on trade, security, and shared democratic values. President Bola Ahmed Tinubu has reaffirmed Nigeria’s commitment to strengthening ties with the United Kingdom, with a strong focus on security cooperation, economic growth, and democratic values. He made this known at a State Banquet hosted by…
