Nigeria’s trade surplus has risen to six per cent of Gross Domestic Product (GDP), according to the Central Bank Governor, Mr Olayemi Cardoso, signalling improved trade performance amid ongoing economic reforms. Cardoso made the announcement in Washington on Wednesday in a statement released by Mr Mohammed Manga, Director of Information and Public Relations at the…
Trade between the United Kingdom and Nigeria has reached an unprecedented £7.9 billion (₦16 trillion), Britain’s High Commissioner to Nigeria, Richard Montgomery, has announced. In an interview in Abuja, Montgomery credited the surge to the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP), which is designed to deepen bilateral trade by tackling non-tariff barriers and aligning…
President Bola Tinubu says Nigeria’s participation in the Tokyo International Conference on African Development (TICAD9) is anchored on a bold $1 billion trade and investment goal. Leading Nigeria’s high-powered delegation to the conference in Yokohama, Japan, Tinubu said the visit seeks to drive green innovation, foster industrial growth, and reinforce Nigeria as West Africa’s gateway….
The World Bank has sharply downgraded its forecast for global economic growth in 2025, citing intensifying trade frictions and prolonged policy uncertainty as key obstacles to economic recovery. In its latest Global Economic Prospects report, the Bank predicts global GDP will expand by just 2.3% next year — a marked slowdown and the weakest pace…
Nigeria and Bulgaria recorded a huge leap in bilateral trade in the first five months of 2024, Yanko Yoldarnov, Bulgaria’s envoy to Nigeria, has disclosed. According to him, Bulgaria’s exports to Nigeria grew by 122 per cent and imports from the largest West African economy to Bulgaria – by 188 per cent, compared with the…
China’s President Xi Jinping has held a meeting with his Venezuelan counterpart, Nicolas Maduro, during which the two leaders agreed to upgrade their countries’ relations. Chinese state media said the two leaders on Wednesday signed several bilateral cooperation documents focused on areas including the economy, trade and tourism after the talks in Beijing. Xi said…
