by Peace Emem | Feb 19, 2025 | Tutorials
The Nigerian Ports Authority (NPA) has recently initiated a significant change in the export process by making the Nigeria Export Proceed (NXP) mandatory for all export-bound cargo trucks entering the nation’s ports. This policy, effective as of February 3,...
by Peace Emem | Feb 17, 2025 | Tutorials
Nigeria, once a global leader in palm oil production, now finds itself at the bottom of the global export rankings, with a mere $1.34 million in exports annually. However, the country holds a promising potential to unlock a $10 billion export market in palm oil. This...
by Peace Emem | Feb 15, 2025 | Tutorials
The global oil industry operates within a complex framework of regulations designed to ensure compliance with environmental standards, trade agreements, and geopolitical considerations. Recent events suggest that regulations are becoming more stringent, which might...
by Peace Emem | Feb 11, 2025 | Tutorials
The African Continental Free Trade Area (AfCFTA) represents a monumental shift in Africa’s economic landscape, aiming to create a single market for goods and services across 54 countries. The AfCFTA presents Nigeria, the biggest economy in Africa, with a substantial...
by Peace Emem | Feb 7, 2025 | Tutorials
With a huge demand worldwide, especially in Asia, Europe, and North America, palm oil continues to be one of Nigeria’s most important agricultural products. Nigeria has a great chance to grow its market share internationally as the world’s third-largest...
by Peace Emem | Feb 6, 2025 | Tutorials
The African Growth and Opportunity Act (AGOA), enacted by the United States in 2000, has been a key driver of trade relations between African nations and the U.S. By providing duty-free access to the U.S. market for thousands of products from eligible African...
by Peace Emem | Feb 5, 2025 | Tutorials
In a strategic move to bolster Nigeria’s export capabilities, the Nigerian Ports Authority (NPA) and the Nigeria Liquefied Natural Gas (NLNG) Limited have intensified their partnership. By increasing the country’s output of liquefied natural gas (LNG) and...
by Peace Emem | Feb 4, 2025 | Tutorials
Nigeria’s non-oil export sector has demonstrated remarkable growth, achieving a total of $5.46 billion in 2024, up from $4.52 billion in 2023. The country’s effective efforts to diversify its economy outside its conventional oil-dependent economy are...
by Peace Emem | Feb 3, 2025 | Tutorials
Nigeria’s economy has long been dominated by oil exports, but recent data indicates a significant shift towards non-oil sectors, particularly solid minerals and agriculture. In addition to strengthening the nation’s economic resilience, this diversification is...
by Peace Emem | Jan 31, 2025 | Tutorials
Nigeria, often referred to as the “Giant of Africa,” has long been celebrated for its abundant natural resources. Among these resources lies an often-overlooked gem, honey! Nigeria is well-positioned to take advantage of a profitable opportunity, as the global honey...
