Echotitbits – Nigeria News

Tag: exports

  • Nigeria targets deeper China cooperation in 2026 as officials pitch expanded partnership

    Nigeria targets deeper China cooperation in 2026 as officials pitch expanded partnership

    2026-01-01 06:25:00
    According to Punch, the Federal Government signalled plans to deepen diplomatic and economic relations with China in 2026.

    In an update published by the outlet, officials framed the relationship around cooperation that aligns with Nigeria’s development priorities and investment needs.

    The messaging highlights trade and infrastructure ambitions while keeping attention on debt terms, local content, and technology transfer.

    The Nation also reported the engagement theme and quoted officials emphasizing cooperation that supports Nigeria’s development priorities.

    Blueprint similarly referenced the 2026 outlook and highlighted language about new opportunities to deepen bilateral cooperation.

    Echotitbits take:

    The real story is contract quality. Watch which announced projects reach financial close, and whether Nigeria negotiates improved local value capture—jobs, skills, and export competitiveness—not just ribbon-cutting.

    Source: The Punch  — January 1, 2026 (https://punchng.com/fg-china-to-deepen-diplomatic-relations-in-2026/)

    The Punch  2026-01-01

    Photo Credit: The Punch

  • Investigative report tracks Nigeria’s battery recycling crackdown after lead poisoning fears

    Investigative report tracks Nigeria’s battery recycling crackdown after lead poisoning fears

    Photo Credit: The Punch
    2025-12-18 07:45:00

    Writing in The Examination (in collaboration with The New York Times), reporters say Nigerian authorities have begun documenting environmental and health damage tied to used lead-acid battery recycling amid scrutiny of lead exposure risks.

    The investigation places the issue in a global supply chain context, where recycled lead can reach international markets, raising questions about enforcement, exports and environmental justice.

    It highlights severe health risks—especially for children—and argues that cleanup and remediation often lag behind industrial activity.

    Premium Times reported Ogun ordered shutdowns of several ULAB recycling facilities, while The Examination/NYT collaboration said Nigeria has “begun cataloging the health and environmental damage” tied to such factories.

    Echotitbits take:
    This is bigger than one community: it tests Nigeria’s capacity to regulate high-risk industry inside a global value chain. Watch for independent lab results, traceability demands from buyers, and sustained monitoring.

    Source: The Examination — December 18, 2025 (https://www.theexamination.org/articles/nigeria-closes-battery-recycling-factories-after-lead-poisoning)
    The Examination 2025-12-18

  • Nigeria posts ₦6.69tr Q3 trade surplus as exports stay ahead of imports

    Nigeria posts ₦6.69tr Q3 trade surplus as exports stay ahead of imports

    2025-12-15 08:00:00

    According to The Punch, Nigeria recorded a ₦6.69 trillion trade surplus in Q3 2025, with exports of about ₦22.81tn outweighing imports of about ₦16.12tn, continuing a run of positive trade balances.

    Punch quotes analysts attributing the performance to FX-market reforms, liberalisation and currency adjustments that improved export competitiveness while making some imports more costly.

    The report notes crude oil remained the dominant export, while stakeholders called for policy consistency and deeper non-oil export expansion to sustain gains.

    Analysis/Echotitbits take: A sustained surplus can ease external financing pressure, but it matters what’s driving it—higher export value-add or simply weaker import demand. Watch non-oil export momentum, crude output stability, and how FX policy affects manufacturers’ input costs.

    Source: The Guardian Nigeria News — December 12, 2025

    Photo credit/source: The Guardian Nigeria News

    The Guardian Nigeria News https://guardian.ng/business-services/nigeria-records-trade-surplus-of-n6-9tr-in-q2-2024-nbs/ December 12, 2025

  • NEPZA asks for 10-year transition window as Nigeria tightens tax incentives for SEZs

    NEPZA asks for 10-year transition window as Nigeria tightens tax incentives for SEZs

    2025-12-15 08:00:00

    According to The Punch, the Nigeria Export Processing Zones Authority (NEPZA) urged the Federal Government to grant a 10‑year tax relief/transition period for operators in Special Economic Zones to protect investor confidence as a new tax act approaches implementation.

    Punch reports NEPZA warned that abrupt changes to incentives could disrupt long-term business plans for manufacturers, logistics hubs and exporters that invested under existing free-zone frameworks.

    The agency’s position, the report adds, is that predictable incentives remain central to global free-zone models and help Nigeria compete for investment.

    Analysis/Echotitbits take: The policy trade-off is between widening the tax base and keeping Nigeria’s SEZ proposition competitive. Watch how the new tax act treats legacy incentives, whether a phased approach is adopted, and the response from manufacturers and export-oriented investors.

    Source: The Punch — December 6, 2025

    Photo credit/source: The Punch

    The Punch https://punchng.com/tax-reform-nepza-seeks-10-year-tax-relief-for-investors/ December 6, 2025

  • Nigeria’s U.S. crude imports jump sharply as Dangote reshapes supply routes

    Nigeria’s U.S. crude imports jump sharply as Dangote reshapes supply routes

    EIA logo image used by Punch
    2025-12-14

    According to The Punch, Nigeria’s imports of crude oil from the United States surged by 153% in 2025 (February–September), reflecting changing supply economics and refinery demand.

    Punch cited U.S. Energy Information Administration (EIA) trade data showing Nigeria imported 39.99 million barrels over the period, up from 15.79 million barrels in the same window of 2024, with shipments rising month by month.

    Reuters earlier reported that the U.S. became a net exporter of crude to Nigeria for the first time in February and March 2025, a shift linked to changing refinery runs and demand signals connected to the Dangote refinery’s operations.

    TheCable also referenced EIA figures, noting the scale of Nigeria’s U.S. crude inflows and how the pattern departs from Nigeria’s typical position as a crude exporter rather than an importer.

    Analysis/Echotitbits take: The bigger story is market efficiency colliding with domestic supply constraints: if local refineries keep buying competitively priced imported crude, Nigeria’s long-standing “crude exporter, product importer” paradox could morph into a new paradox: importing crude for local refining. Watch for tighter enforcement (or redesign) of domestic crude supply frameworks, and whether lower logistics/contracting frictions can make local crude more reliable for local refineries.

    Source: The Punch — 14 Dec 2025 (https://punchng.com/us-crude-exports-to-nigeria-surge-153/)