The executive director, Nigeria Export Promotion Council (NEPC), Mrs Nonye Ayeni, has said Nigeria recorded an increase in volume of trade in 2024 by 20.7%, worth $5.45 billion. Ayeni said that during the period, 245 distinct products worth 7.2 metric tons were exported to 126 countries. Speaking with reporters at the sideline of a two-day…

The Executive Director of the Nigeria Export Promotion Council (NEPC), Nonye Ayeni, has credited the $5.456 billion contribution to economic diversification last year, a significant increase of 20.77 per cent compared to $4.517 billion recorded in 2023, for the growth of the non-oil sector.

The Nigeria Export Promotion Council (NEPC), says about 12,665 women, youth and less privileged have benefited from empowerment programmes

The Nigerian Export Promotion Council (NEPC) has reported a significant 20.79 per cent increase in the country’s non-oil exports, reaching $5.46 billion in 2024, up from $4.5 billion in 2023. Nonye Ayeni, the Executive Director of NEPC, revealed these figures while presenting the Council’s performance report in Abuja on Friday. She noted that the growth…

The Nigerian Export Promotion Council (NEPC) and the Nigerian Customs Service (NCS) have engaged stakeholders on the need to formalise informal cross-border trade in Akwa Ibom State. 

The Nigeria Customs Service (NCS) said Nigeria earned $1.9 billion from non-oil exports between January and November 2024. This, it said, highlights the progress made in the country’s economic diversification efforts.

The Nigeria Export Promotion Council (NEPC) has deemed the annual expenditure of $480 million on the importation of three million tonnes of rice as unacceptable. Speaking at the opening of a one-day technical support workshop organized for rice farmers and processors in Lokoja, Kogi State, the Executive Director and Chief Executive Officer of the NEPC,…

Considering the formidable informal sector as a cornerstone of the Nigerian economy, maximising its enormous capacity can drive sustainable growth of outsourcing business

The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has promised to address challenges faced by exporters through targeted policies even as she noted next year would be pivotal for Nigerian businesses.

To maintain independence and to fund projects, African countries must build sovereign wealth funds and development banks to underwrite big infrastructure projects.

On October 21 and 22, the U.S. Agency for International Development (USAID) and Prosper Africa, a U.S. government Presidential-level national security initiative, in collaboration with the Office of the Vice President of Nigeria and key Nigerian government institutions, hosted the African Growth and Opportunity Act (AGOA) workshop to empower Nigerian businesses to benefit from U.S. market opportunities.

Stakeholders have said manufacturers and exporters of locally-made goods to the United States must follow laid down procedures and rules, shun underhanded practices and seek guidance from experienced experts to stem rejection of goods