Category Archives: Export

Nigeria Exports $81.48bn Electricity On Credit As Country’s Blackout Persists

According to NERC’s quarterly reports, the international customers did not make any payments in each of the four quarters of 2019.

Three neighbouring countries bought a total amount of electricity worth $81.48bn from Nigeria in the last two years, even as many households and businesses in the country continued to suffer blackout, ’FEMI ASU reports

The invoices given to the Republics of Togo, Niger and Benin for the electricity supplied to them from Nigeria in 2018 and 2019 totalled $81.48bn, an analysis of data obtained from the Nigerian Electricity Regulatory Commission has shown.

Inside Kano Carpet Factory That Exports To USA, Bangladesh, Others

Checkout Inside Kano Carpet Factory That Exports To USA, Bangladesh, Others

Kano state has been exporting rugs and carpets to other African countries and the USA, as one the largest producers of rugs in Africa through JakKay Carpets and Rugs.

Shippers’ council plans storage charges removal on export

The Nigerian Shippers’ Council has suggested that export cargoes should not attract storage charges and should be accelerated through the terminals.

It also declared the NSC’s resolve to ensure that all terminals’ processes were fully automated and integrated with other port service providers and users before the year runs out.

Nigeria, other African oil exporters’ll lose $34bn – IMF

The impact of the COVID-19 pandemic is estimated to cost NigeriaHow To Obtain Export License In Nigeria. and other oil exporters in Africa a total of about $34bn in revenue.

According to the International Monetary Fund, the projected decline in revenue is attributable to the dwindling global crude oil prices.

Nigeria’s exports to China, India, others hit N1.87tn

Commodity exports from Nigeria to China, India, Spain, Netherlands and South Africa in the first quarter of this year hit N1.87tn, the National Bureau of Statistics has said.

The NBS disclosed this in its Commodity Price Indices Terms of Trade report released on Thursday.

Exporters Seek Incentives for Non-oil Sector

THE Executive Secretary, Organised Private Sector Exporters Association (OPEXA), Jayeola Olarewaju, has urged the Federal Government of Nigeria to save the economy through incentives  that will quicken  the non-oil sectors.

He said it was imperative for the government to intervene to save the economy from collapse caused by the coronavirus pandemic.

Dangote Cement begins clinker exports, targets four million tonnes

Dangote Cement Plc said on Sunday that it had set the pace with the exportation of 27,800 metric tonnes of clinker to a neighbouring African country, Senegal.

The company, Africa’s biggest cement producer, said the “historic maiden voyage” started from its export terminal in Apapa Port, Lagos at the weekend.

Nigeria Exported N32bn worth of Electricity in 2019 — NERC

The Republics of Togo, Niger and Benin received a total invoice of N32.04bn for the electricity supplied to them from Nigeria in 2019, data from the Nigerian Electricity Regulatory Commission (NERC ) have shown.

Nigeria, through some of its power plants, sell electricity to the neighbouring countries, which are classified as international customers in the Nigerian power sector.

Non-oil goods account for Nigeria’s 22% exports, says NPA

Nigerian ports handled 191 million metric tonnes of export cargo in 2019.

Out of these, crude oil accounted for 78 per cent while non-oil cargo accounted for only 22 per cent.

The he Managing Director, Nigerian Ports Authority, Miss Hadiza Bala-Usman, disclosed these at a recent BudgIT webinar tagged ‘Non-oil export: Disrupting Nigeria’s Growth Cycle.’

FG orders Quarantine Agency To Resume Ports Export Certification.

The Federal Government of Nigeria has authorized the Nigeria Agricultural Quarantine Service to fully resume its export certification duties at all ports immediately.

According to the Director-General, NAQS, Vincent Isegbe, the Office of the Secretary to the Government of the Federation also issued a consequential whole-of-government directive instructing Ministries, Departments and Agencies as well as state governments to cooperate with the quarantine service agency.