International Trade in Nigeria

International Trade in Nigeria

The second biggest African economy and the eigth biggest oil exporter in the world, Nigeria was stronly hit by the world economic crisis, which led to a decline in the oil price. In 2010, the GDP growth however reached 7.4%, stimulated by the economy recovery adn the increase in oil price.... Read more

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Market Analyses About Nigeria (147)

Import and Export Services in Nigeria (1,246)

  • Shirams Services Limited

    Shirams Services Limited

    Freight Forwarder, Nigeria

    Freight Forwarding Agent, Customs Broker (Air & Sea).Transportation of goods from port of discharge to destinations, customs...
  • Dotolaf Realty and Investment Limited

    Dotolaf Realty and Investment Limited

    Property Investment, Nigeria

    Dotolaf Realty and Investment is a full service real estate and investment company headquartered in Lagos, Nigeria. We provide an...

Business Tips About Nigeria (92)

Agents and Distributors in Nigeria (209)

  • Wallnet Buisness Services Limited

    Wallnet Buisness Services Limited

    Market Entry, Nigeria

    Wallnet Business Services Limited is a Nigerian based multidisciplinary business development firm that is committed to assisting foreign...
  • INTEC EXPORTS INDIA PVT.LTD.

    INTEC EXPORTS INDIA PVT.LTD.

    Export Management, Nigeria

    An ISO certified company, 'Intec Export India Pvt. Ltd.' brings forth the best range of products. It has over the years grown...

Overview About International Trade in Nigeria

Economic Overview

The second biggest African economy and the eigth biggest oil exporter in the world, Nigeria was stronly hit by the world economic crisis, which led to a decline in the oil price. In 2010, the GDP growth however reached 7.4%, stimulated by the economy recovery adn the increase in oil price. This trend should continue on this level in 2011.

During his tenure, the former President Olusegun Obasanjo had launched the National Economic Empowerment Development Strategy (NEEDS). This policy aimed to boost growth in the non-oil sector and improve macro-economic stability. These issues remain a priority for the current Head of State Umaru Yar'Adua. In addition, the country has launched a range of economic policies whose purpose is to make the State one of the top twenty global economic powers. Handing the energetic crisis, food security, employment, the development of transports and the financial reform are the main goals. More short-term, the authorities are committed to reducing the budget deficit and controlling inflation.

Despite the country's economic dynamism, Nigeria's social report is lower than the average in African countries. Half the population lives under the po...

News Related to International Trade in Nigeria

  • Struggle for the Soul of Nigeria - Aug 16, 2017

    [Guardian] Any close watcher of events in the country in recent times would know that the country is passing through a very trying period. Never in the history of Nigeria has it faced this kind of troubles. The troubles are multifaceted. Over and above every other thing is the battle for the soul of Nigeria. The centrifugal forces from different sectors of Nigeria want to rip it apart. It looks like a joke. But never before has the country been so threatened to such an extent. Not even during the civil war.

    Source: ALL AFRICA

  • Chinese Banks Invest $250 Million in Nigeria's Oil Sector - Aug 16, 2017

    [Vanguard] Nigerian National Petroleum Corporation has said that a consortium of Chinese banks have invested $250 million in the Nigerian petroleum industry.

    Source: ALL AFRICA

  • Nigeria Arrests Eight Chinese Citizens for Illegal Mining - Aug 16, 2017

    [Premium Times] Eight Chinese nationals have been arrested in Plateau State for alleged illegal mining.

    Source: ALL AFRICA