Category Archives: Export

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.

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Nigeria To Lose Over $26 Billion From Oil Exports — Says IMF

The International Monetary Fund (IMF) has projected that the present global health crisis could make Nigeria lose more than $26 billion from crude oil sales.

In a statement issued on Thursday night, the international lender also said it expects the country’s economy to contract by about 3.4 percent in 2020, a 6-percentage point drop compared to pre-COVID-19 projections.

NEPC Issues 205 New Export License To Exporters

In an effort to promote non-oil export trade at the international market and reduce over dependence on oil,  Nigeria Export Promotion Council said it had issued  about 205 certificates to exporters on solid minerals valu-chain in Nasarawa and Benue states, under its areas of coverage.

The Trade Advisor/Head, NEPC Makurdi Export Assistance Office,  Mr Anani Egon, revealed this during a one- day stakeholders’ forum for the development of solid minerals for export in Lafia, the Nasarawa State capital on Wednesday.

Nigeria exports 90% cooking gas produced, says NNPC

Over 90 per cent of the Liquefied Petroleum Gas, also known as cooking gas, produced in the country is being exported, a subsidiary of the Nigerian National Petroleum Corporation, NNPC Retail Limited, has said.

 The Managing Director, NNPC Retail, Sir Billy Okoye, who said this on Tuesday, added that a chunk of the cooking gas consumed in the country was being imported.

Nigeria To Resume Export of Hibiscus Flower To Mexico

The Nigeria Agricultural Quarantine Service said that Nigeria would resume the export of hibiscus flower, popularly known as Zobo, to Mexico.

Dr Vincent Isegbe, the Coordinating Director, NAQS, disclosed this in an interview with the News Agency of Nigeria on Tuesday in Abuja, Nigeria.

He said that in 2017, Nigeria exported 1,983 containers of hibiscus to Mexico alone and earned $35 million within nine months of that year.

Nigeria Exporters seek N70b for EEG in budget 2020

Nigeria Customs Bans all import, export through land borders

The Nigeria Customs Service on Monday said it has placed a ban on import and export of all kinds of goods through Nigeria land borders.

“For now, all goods, whether illicit or non-illicit, are banned from going and coming into Nigeria,” Hameed Ali, NCS chief, said at a press conference in Abuja.

“Let me add that for the avoidance of doubt that we included all goods because all goods can equally come through our seaports,” he said.

“For that reason, we have deemed it necessary for now that importers of such goods should go through our controlled borders where we have scanners to verify the kind of goods and how healthy to our people can be conducted.”

Ali said the measure would enable security agencies to be able to scan the goods entering the country.

In August, the Nigerian government announced the partial closure of its western border with Benin to curb rice smuggling that is threatening the country’s attempt to boost local production.

Nigeria’s President Muhammadu Buhari said he wants Nigeria to be self-sufficient in rice and has imposed import controls. He said rice smuggling across the western border threatened his policy of self-sufficiency.

However, since the closure of the borders prices of rice both local and foreign have skyrocketed.

Ali said border security had seized items worth N1.4 billion since the partial closure of borders.

NEPC, NAFDAC blame Poor packaging for Rejection of Nigeria’s Exports

The Nigeria Export Promotion Council (NEPC) has identified poor packaging and labeling as the major challenges facing Nigerian products exported overseas, especially products to the United States.

The Director, Business Development at the Nigeria Investment Promotion Council  [NIPC], Mr. William Eze in his keynote speech at the 2019 Packaging, Plastics, Food processing, labelling and print exhibition in West Africa organised by Propak West Africa in Lagos recently said some made -in -Nigeria products are faced with poor packaging which results in rejection.