
Afreximbank Backs 81.9m Nigerian Tile Factory Expansion
An 81.9 million dollar Afreximbank loan expands Veenocks Sagamu porcelain tile plant, tripling capacity for eight African export markets.
28 results for “export”

An 81.9 million dollar Afreximbank loan expands Veenocks Sagamu porcelain tile plant, tripling capacity for eight African export markets.

A private China manufacturing index held at 52.0 for an eleventh month above 50 while the official gauge fell to 49.3, splitting the recovery between exporters and heavy industry.

Dangote Group and MRS Oil & Gas signed a fuel supply deal with Cameroon state refiner Sonara, extending Nigerian refinery exports across Central African markets.

South Korea's October exports surged 93.7% to $115.28 billion, the second-highest month ever, as semiconductor shipments rose 259%.

Taiwan's GDP rose 14.36% year on year in the third quarter, a four-decade record, driven by exports of semiconductors and AI hardware.

US GDP grew at a 3.4% annual rate in the third quarter, with investment strengthening while weaker exports restrained the expansion.

The Nigerian agricultural exporter's commercial paper offer was oversubscribed by 46.7 per cent, with proceeds earmarked for cocoa procurement and expansion, underlining deep investor appetite for food and agribusiness paper.

Data released on 29 October show physical energy exports declining in 2024–25 while the renewable share of domestic electricity increased.

Export prices rose 1.4% and import prices fell 1.1% in the September quarter, with energy contracts producing uneven effects.

Imports increased more in dollar terms than exports in September, while preliminary wholesale and retail inventories also rose.

Stronger cash generation funded expansion and distributions as the group shifted from year-end net debt to a positive net-cash position.

Cross River State exports more than 80,000 metric tons of cocoa annually, the Cocoa Association of Nigeria said, positioning the state as a leading supplier in Nigeria’s resurgent cocoa trade as it pushes for direct export channels from its southern port, BusinessDay reported.

Nigeria’s cocoa exports have surged by roughly 3,000% in value over the last five years, driven by the naira’s depreciation multiplying the naira proceeds of dollar-priced beans even before production growth, BusinessDay reported on Monday, October 26.

Business leaders pressed the CBN on cross-border payments, export credit and investment barriers at a high-level roundtable.

New resistant planting materials could cut crop losses and lift exports, but commercial seed supply and processing gaps remain.
Global cocoa prices have fallen sharply, prompting renewed focus on value addition under the Abuja Declaration.
TotalEnergies and AMNI's Ima gas field will feed Nigeria LNG rather than domestic power, as executives warn that export economics keep outpacing gas-to-power and industrial demand.
Fertiliser has emerged as a top non-oil export earner alongside cocoa as Nigeria's industrial and agricultural shipments gain momentum in its diversification drive.
Niger has banned exports of petrol and diesel, a move that tightens regional fuel supply and affects the cross-border trade that has long moved petroleum products between Niger and its neighbours, including Nigeria.
Sunbeth Capital is mobilising about N150 billion through commercial paper issuances to fund operations across Nigeria's cocoa value chain, targeting aggregation, processing support and export readiness.
Nigeria uses only about 30% of its installed cocoa processing capacity, losing an estimated $2 billion a year in potential value addition, the Agriculture Ministry disclosed at a Lagos cocoa conference.
Niger's military-led government told CNPC, WAPCO and SORAZ to return more than $5.2 billion in crude export revenue and meet local-content commitments within 45 days.
Inconsistent export policies could hurt farmers, says LCCI's Tunde Banjoko, calling for guaranteed offtake, better storage, affordable credit and a commodity board to set benchmark prices.
The country ships raw ore while importing processed products, ceding the industrial and jobs gains that processing would create, industry observers warn.
The Agriculture Ministry and NEPC convene stakeholders to advance strategies for lifting Nigeria's cocoa and coffee output, quality and export earnings.
The Nigerian Export Promotion Council warns that exporters could lose more than $1 billion a year if they fail to meet EU deforestation rules, with cocoa most exposed.
Africa's largest economy posted a record quarterly trade surplus in the second quarter of 2026 as exports outpaced imports, with non-crude receipts now accounting for more than half of outbound trade.
The one-month trade shift followed the Dangote refinery's production ramp-up, but it does not establish that petrol imports have ended permanently.