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 (992)

  • 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...
  • High Beam Global

    High Beam Global

    Market Research, Nigeria

    HBG is a full service Market Research agency providing research and support services to companies ranging from boutique research...

Business Tips About Nigeria (74)

Agents and Distributors in Nigeria (120)

  • 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

  • Rwanda Advises Nigeria to Learn From Genocide Experience - Apr 17, 2014

    [Daily Trust]The High Commissioner of the Republic of Rwanda to Nigeria Ambassador Joseph Habineza has called on Nigerians to learn from the genocide that led to loss of over a million citizens in the country.

    Source: All Africa - Rwanda

  • Nigeria: FAAC Okays Removal of Fuel Subsidy, Shares N641.38 Billion - Apr 17, 2014

    [Leadership]Federation Accounts Allocation Committee (FAAC) has ratified its committee's decision to remove the petroleum subsidy.

    Source: All Africa

  • Nigeria: Uduaghan Indicts JTF Over Crude Oil Theft - Apr 17, 2014

    [Leadership]Delta State governor Dr Emmanuel Uduaghan yesterday indicted the security agencies in the Niger Delta, especially the Joint Task Force's "Operation Pulo Shield" over the increasing rate of crude oil theft and vandalism of oil pipelines in the region, particularly in his state.

    Source: All Africa