Trade Exports Hit $50 Billion As FG Policies Boost Trade Balance
Nigeria’s total trade exports reached $50.4 billion in 2024, marking a strong recovery for the country’s economy. This growth was largely due to the depreciation of the naira and the removal of fuel subsidies, which helped improve the trade balance. According to the National Bureau of Statistics (NBS), Nigeria recorded N138 trillion in total trade, […]
CBN approves CFA for repatriation of export proceeds
The Central Bank of Nigeria (CBN) has taken a major step to support exporters by allowing the use of the CFA franc for repatriating export proceeds. This decision will make cross-border trade easier for Nigerian exporters who do business in countries that use the CFA franc. Nonye Ayeni, the Executive Director of the Nigeria Export […]