Nigeria records N12trn trade surplus, 21% non-oil export growth — Trade Ministry

Nigeria records N12trn trade surplus, 21% non-oil export growth — Trade Ministry

…Special economic zones generate $500m export revenue, 20,000 jobs By Progress Godfrey Nigeria recorded a N12 trillion trade surplus in the first half of 2025 as non-oil exports grew by 21 percent to $12.8 billion, signaling a strong export rebound driven by policy reforms under the Federal Ministry of Industry, Trade and Investment. The performance reflects a […]
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Venezuela to turn over 50m barrels of oil to US — Trump

Venezuela to turn over 50m barrels of oil to US — Trump

…Seizes Russian-flagged tanker President Donald Trump has said Venezuela would turnover up to 50 million barrels of oil to the US, after a military operation to remove President Nicolás Maduro from power. The oil, worth about $2.8 billion (£2.1bn), will be sold at its market price, the US president wrote on social media, adding that […]

ADC kicks off nationwide membership revalidation, signals party reset

ADC kicks off nationwide membership revalidation, signals party reset

African Democratic Congress, ADC, yesterday rolled out a nationwide membership revalidation, mobilisation and registration exercise, describing it as a deliberate push to strengthen its internal structures, grow its grassroots base and reposition for future political engagements.

Apapa Customs generates N2.93tr in 2025 as reforms drive revenue growth

Apapa Customs generates N2.93tr in 2025 as reforms drive revenue growth

By Godwin Oritse The Apapa Area Command of the Nigeria Customs Service generated a total revenue of N2.93 trillion in 2025 from import and export facilitation. This figure represents a 24.32 per cent growth compared to the ₦2.357 trillion collected in 2024. In a statement signed by Isah Sulaiman,Chief Superintendent of Customs and Public Relations […]