Category Archives: Export

Nigeria eyes $6b from global leather Export market

The Nigerian Export Promotion Council (NEPC), said it is working hard to earn $6billion from the $60billion global leather market.

For it to achieve this, it has set up a training programme in three tranches for the youths interested in leather work.

The training will focus on learning how to make different exportable products from leather so that the country will not continue to be consumers of finished products.

Expert seeks more involvement in $6.7t Africa export market

The Executive Secretary, Institute of Export Operations and Management, Mr Ofon Udofia, has said increased Nigeria involvement in the African market estimated at S6.7 trillion can help to drive economic growth through higher industrial and service activities.

Apart from South Africa and Morocco, Udofia said, Nigeria is the other African country with the capacity to compete for the continental market said to consist of 1.7 billion people.

Nigeria To Increase Shares In Afrexim Bank

The Minister of Finance, Mrs Zainab Ahmed said, that yesterday, Nigeria was discussing the possibility of increasing its shareholding with Afrexim Bank.

Ahmed made this known in a statement signed by the special adviser on media and communications, Paul Ella Abechi.

According to the statement, the minister disclosed this during a meeting with the president, African Export-Import Bank, Prof Okey Oramah, on the sidelines of the on-going IMF/World Bank Annual Meeting. Nigeria currently owns 40 per cent shares in the bank.

No Shipping Link: Nigeria Loses 1.4 Mt Coal Export To Ghana

Nigeria has lost opportunity of exporting 1.4 million tons of coal from the middle belt area of the country to Ghana annually, the Nigerian Export Import Bank, NEXIM has said.

Speaking at the Sub-regional workshop and joint committee meeting organized by the Union of African Shippers Council in conjunction with the United Nations Conference on Trade and Development, UNCTAD, Technical Adviser to the Managing Director of the bank, Hope Yongo, said that the logistics of moving the consignment from Nigeria to Ghana is hindered.

UK Prime Minister Approves £750m Export Credit Facility For Lagos

The British Prime Minister, Theresa May, yesterday, visited Lagos, disclosing the availability of £750 million credit facility for Lagos to boost export financing and others activities in the state.

May, who left Lagos for Kenya, stressed the achievement recorded by the state, underscored the commercial importance of Lagos in Nigeria. fILE: Lagos State Governor, Mr. Akinwunmi Ambode (left), with British Prime Minister, Theresa May (right); British High Commissioner to Nigeria, Mr. Paul Arkwright (left behind) during the arrival of the British Prime Minister at the Presidential Wing of the Muritala Mohammed International Airport, Ikeja, Lagos, on Wednesday, August 29, 2018.

NEPC partners NACC, UNIDO, to Boost non-oil Exports In Nigeria

The Chief Executive Officer (CEO) of the Nigerian Export Promotion Council (NEPC), Mr Segun Awolowo, has commenced moves to boost non-oil exports in the country.

To achieve this, NEPC partnered two great institutions: the Nigerian American Chamber of Commerce (NACC) and United Nations Industrial Development Organisation (UNIDO).

Kaduna Dry Port Exports 5 Containers Of Ginger Weekly

The Executive Secretary, Nigerian Shippers Council (NSC), Bar. Hassan Bello has said the Kaduna Dry Port now exports at least five containers of ginger weekly at the facility.

Mr. Hassan Bello told our correspondent in Abuja that this further assures all importers and exporters that the Kaduna dry port is now fully integrated into the customs port of destinations for imports and exports. Dry port was officially commissioned in January this year by President Muhammadu Buhari.

NIRSAL support Export crops farmers with $373m

Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) said it disbursed $373 million to farmers in the past year to help boost production of export crops.
The agency underwrites risk for credit going to farmers, as part of government effort to increase revenue from farm exports and reduce dependence on oil.