Category : Search result: export decline


Nigeria ships 33.2m barrels of crude to U.S. in eight months

Nigeria strengthens its role as the top African crude oil supplier to the United States, exporting 33.23 million barrels worth $2.57 billion from January to August 2025. Discover the economic impact and the role of Dangote Refinery.

China Taxes Contraceptives as Births Plummet

China will tax condoms and contraceptive drugs from 2026 to encourage childbirth as births fall. Experts warn of risks like unplanned pregnancies. Read more on this policy shift.

Nigeria Bans Wood Export to Curb Deforestation

The Federal Government has imposed an immediate ban on wood and charcoal exports, revoking all licenses to protect Nigeria's forests. Learn the details and legal backing of this decisive environmental move.

NPA Cargo Hits 33.5m Tonnes, Credits Tinubu's Policies

Nigerian Ports Authority records a massive 1,085% surge in export containers and 33.52 million metric tonnes cargo throughput in Q3 2025, driven by President Tinubu's export-focused economic policies. Read the full analysis.

Pfizer Shares Fall on Weak 2026 Profit Outlook

Pfizer shares tumbled after the drugmaker projected flat revenues and lower profits for 2026, citing declining Covid-19 sales and heavy investment in new products like weight-loss drugs.

Nigeria loses $363m yearly to EU beans ban

Nigeria loses over $360m annually due to the EU ban on dried beans exports, caused by dangerous pesticide levels. Stakeholders demand urgent agricultural reforms and seed preservation.

Sterling Bank, PAU Partner to Certify Non-Oil Exporters

Sterling Bank and Pan-Atlantic University's EDC have signed an MoU to certify graduates of the Non-Oil Export Academy, aiming to build a globally competitive export community and diversify Nigeria's economy. Read how this initiative will empower Nigerian

India's economy grows 8.2% despite US tariffs

India's economy expanded 8.2% in July-September 2025, beating forecasts but facing pressure from US tariffs. Learn how this affects global trade and Nigeria's economic outlook.

EU to challenge China's rare earths dominance

EU industry chief Stephane Sejourne declares Europe must break dependence on China's rare earths, calling export controls a 'racket'. New strategy coming December 3.

Valency Agro Secures N13bn for Agro-Export Expansion

Valency Agro Nigeria Limited has secured N13 billion in a new commercial paper issuance. The funds will expand processing for cashew, soybean, cocoa, and sesame, boosting Nigeria's agricultural exports.

Sokoto's Agricultural Revolution: Desert to Export Hub

Governor Ahmed Aliyu is transforming Sokoto State into a major agro-export hub through irrigation, value addition, and strategic trade links. Discover how this SMART Agenda is creating jobs and boosting the economy.

Governor Abiodun Mourns Segun Awolowo Jr.

Ogun State Governor Dapo Abiodun expresses deep sorrow over the passing of Segun Awolowo Jr., former NEPC CEO. Read about his remarkable legacy and service to Nigeria.

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