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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 National Sugar Development Council has unveiled a $7.1 billion, ten-year investment plan to lift annual sugar production above two million tonnes and cut reliance on imports.

Ten greenfield projects form part of a $7.1 billion, 10-year programme that could reduce import demand if financing, farms and factories are delivered on schedule.