The military regime of Gen Olusegun Obasanjo in 1976 approved the establishment of the Nigerian Export Promotion Council (NEPC) through Decree No. 26 of 1976 which has now become an Act.
How to export products from Nigeria to other countries around the world. We are basically tapping into opportunities in the non-oil products in Nigeria like Cashew nuts, ginger, and sesame seed among others
Dr Ezra Yakusak will replace Mr Segun Awolowo as the Chief Executive Officer (CEO) of the Nigerian Export Promotion Council (NEPC).
Segun Awolowo, whis the grandson of the late sage Chief Obafemi Awolowo, was first appointed by the administration of former President Goodluck Jonathan in November 2013.
In 2020, Nigeria spent around $56.61 billion USD on imports while in the same year under review, products exported from Nigeria to international markets were around $34.54 billion USD. In economics and trade, that’s a trade imbalance or trade deficit of around $22.07USD, the data obtained from the National Bureau of Statistics (NBS) put the Naira value at N7.37trn.
A favourable business environment is one of the key factors that drive foreign investors to a country. Government policies, security, infrastructural development are some of the things investor put into consideration, and some African countries are more serious and committed to ease the way business is done in their country.
Summary: Located in the Horn of Africa, Ethiopia is the second largest market in Africa and has enough resources to drive Foreign Direct Investment (FDI). The country’s huge investment in infrastructural development in the last 10 years is showing positive result while its rich soil is favourable to agriculture produce. As juicy as the country’s resources are, Ethiopia is still faced with some challenges.
Summary: A Federal lawmaker is proposing a bill to force the CBN to close all domiciliary accounts in Nigeria as one of the measures to make the Naira regain its value. Can the implementation of such economic advice make $1 to N1? We examine some of the implications of stopping Nigerians from operating dom accounts
In international trade, some items cannot be imported from the producing country to another, Nigeria is no exception. There are some goods that are on the list of the Nigeria Customs Service, a security agency of the government that monitors the movement of goods into and out of the country, which is popularly called contraband.
The movement of products across the border isn’t the same as inter-state trade. The seller can personally deliver an order from Ibadan to Lagos where his customers are based, it isn’t like that in international trade. Because of this, an exporter has to understand the export market before diving in.