Friday, 1 February 2019


The encouraging foreign exchange reserve figures and manufacturing data for January is a welcome development for Nigeria as it prepares for presidential elections in two weeks. Although the external reserves slightly eased to 43.16 USD Billion in January from 43.23 USD Billion in December of 2018, it was a major improvement when compared to the drop witnessed in October and November.

Signs of recovering reserves will be good news for not only the Central Bank of Nigeria but also the Naira. The nation’s manufacturing sectors stood at 58.5 in January which marked its 22nd consistent month of expansion.

While confidence over the health of the Nigerian economy is poised to improve if data continues to respect this positive pattern, the elections will play a key role in overall sentiment. While the outcome of the presidential elections remains uncertain, it will certainly have a lasting impact on Nigeria’s economy.

Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:

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