Trade
Imports, exports, border policies, and tariffs
Food Import Bill Hits ₦3.3tn
Nigeria spent ₦3.30 trillion importing food and beverages in the first half of 2026, NBS data shows. The bill jumped from ₦1.39 trillion in the …
Agric Trade Flips to ₦56bn Deficit
Nigeria's agricultural trade swung from a ₦740.27 billion surplus in the first half of 2025 to a ₦56.13 billion deficit in the first half of …
Nigeria Trades a Cashew Ban for a Roadmap
Nigeria has ruled out a raw cashew export ban, choosing a 10-year sector roadmap instead. Growers eyeing a ₦635 billion market welcomed the decision, while …
Nigeria's Farm Exports Tumble 36% in Q2
Nigeria's agricultural export earnings fell 36% year-on-year to ₦803 billion in the second quarter of 2026 as cocoa butter shipments collapsed and prices softened. Cashew …
Nigeria's Food Import Bill Tops ₦3.3 Trillion
Nigeria spent ₦3.30 trillion on food and beverage imports in the first half of 2026, new trade data show. The bill dipped slightly from a …
India and Nigeria Trade Climbs to $9bn
Trade between India and Nigeria has reached about $9 billion, and the relationship is widening beyond oil into agriculture and food security. For Nigeria, a …
Nigeria Grows the World's Kola, Sells Little
Nigeria grows more kola nut than any other country and chews most of it at home, but sells almost none abroad. While it dominates production, …
Washington Eyes Nigeria's Livestock
The United States has opened a fresh push to deepen agricultural trade with Nigeria, sending a livestock expert to Abuja and pitching American technology and …
Stockfish Scarcity Hits Nigeria's Soups
Okporoko, the dried stockfish imported from Norway and Iceland, is a fixture in Nigerian soups yet is not produced at home. A fresh bout of …
A Quarantine Fix for Rejected Exports
Too many Nigerian farm exports get turned back abroad over pests and chemical residues. The government has inaugurated an interministerial committee to overhaul the country's …
West Africa's Cocoa Bloc Targets Raw Exports
Nigeria, Ghana, Côte d'Ivoire and Cameroon, which grow about two-thirds of the world's cocoa, have signed the Abuja Declaration to process more beans at home. …
Nigeria Looks to Asia to Save Its Harvest
Nigeria loses up to 40 million tonnes of food a year to spoilage, worth billions. Now it is courting China and India for the cold …
Nigeria's African Food Trade Jumps 21%
Nigeria's trade with the rest of Africa rose 21% to $9.02 billion in 2025, with processed food, foodstuffs and urea joining crude oil in the …
Nigeria's Duty-Free Clock Ticks Down
Nigeria has until the end of 2026 to make the most of duty-free access to the United States. Washington renewed the AGOA trade programme for …
Nigeria's Duty-Free Clock Ticks Down
Nigeria has until the end of 2026 to make the most of duty-free access to the United States. Washington renewed the AGOA trade programme for …
Agro Exports Crash 31% on Rejections
Nigeria's farm exports fell 31.2% year on year in the first quarter of 2026 to ₦1.172 trillion, as port delays, heavy pesticide use and missing …
Soybean Demand Strengthens Global Trade
Strong international demand for soybeans is supporting export activity as buyers continue to secure supplies for food and livestock production despite changing market conditions.
India's Rice Flood Reaches Africa
India's granaries are overflowing after a record harvest, and the government has scrapped export floors and duties to move the surplus. The result is the …
A Quota Cut Squeezes Africa's Mackerel
Shrinking Northeast Atlantic fishing quotas are pushing up the price of mackerel, one of the most affordable proteins in West Africa. With the EU cutting …
Snubbed by China, US Sorghum Turns to Africa
US sorghum exports to China, once the crop's biggest buyer, collapsed by about 97 per cent in the trade war, sinking prices below $3 a …