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NEPC: Nigeria’s Non-Oil Exports Hit $6 Billion In 2025

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NEPC Urges Nigerian

NEPC: Nigeria’s Non-Oil Exports Hit $6 Billion In 2025

NEPC: Nigeria’s non-oil exports hit $6 billion in 2025. Ms Ayeni said that in volume terms, total non-oil exports stood at 8.02 million metric tonnes.

Nigeria’s non-oil export value recorded 6.1 billion dollars in 2025 reflecting diversification, higher volumes and expanding markets, the Nigerian Export Promotion Council (NEPC) said on Monday.

Nonye Ayeni, executive director, NEPC disclosed this at a news conference on the 2025 Non-Oil Export Performance and 2026 Outlook, in Abuja.

Ms Ayeni said that the NEPC was in partnership with National Bureau of Statistics, Central Bank of Nigeria (CBN) and other stakeholders to mainstream informal trade.

According to her, based on records obtained from the pre-shipment inspection agencies, Nigeria’s non-oil export performance in 2025 reached an all-time high.
“Non-oil export value rose to approximately 6.1 billion dollars, representing a year-on-year increase of about 11.5 per cent over and above the 5.46 billion dollars recorded in 2024.

“This marks the highest non-oil export value achieved in the country for formal documented trade since the inception of the council.

“This beats our own record and underscores the growing resilience and relevance of the non-oil export sector to Nigeria’s economy.
“This outstanding performance is not the total story as a lot export still goes out informally through our various borders,’’ she said.

Ms Ayeni said that in volume terms, total non-oil exports stood at 8.02 million metric tonnes, reflecting a 10 per cent increase compared to the 7.29 million metric tonnes recorded in the previous year.

She said that the growth in both value and volume demonstrated improved export activity across multiple value chains and market destinations.
“In 2025, Nigeria exported a total of 281 non-oil products.

“These products cut across agricultural commodities, processed and semi-processed goods, industrial inputs and solid minerals.

“These reflect gradual progress toward value addition and broader product representation in global markets,” she said.
She said that Nigeria’s non-oil exports reached markets across 120 countries, with the Netherlands contributing 17.53 per cent, Brazil -10.35 per cent, and India – 7.63 per cent.

“These three countries emerged as the top three destinations by value.
“Export to Netherlands increased by 32.46 per cent with products including cocoa beans, cocoa butter, sesame seeds and others.

“Export to Brazil increased by 19.07 per cent,” she said.
The NEPC boss said that the achievement reflected sustained economic diversification under President Bola Ahmed Tinubu’s Renewed Hope Agenda.

She said that the agenda had delivered tangible results in job creation, poverty alleviation, and strengthening Nigeria’s position within global trade through deepened non-oil export development.

She said that supportive policies of the federal ministry of industry, trade and investment, also contributed significantly to the improved export outcomes.

NEPC Urges Nigerian

NEPC

According to her, NEPC initiatives empowered exporters through capacity building, market access, certification support, and improved compliance across export value chains from production to shipment.

Ms Ayeni commended Nigerian exporters for their resilience and determination despite logistics constraints, regulatory pressures, and global market uncertainties encountered during the year under review.

She said that collaboration among government agencies, private sector operators, and development partner’s strengthened implementation of the “Double Your Export” mantra and related initiatives.

She said that cocoa beans, urea, cashew, sesame seed, gold dore, aluminium ingots, rubber,and copper ingots ranked among top-performing export products.

Ms Ayeni said that exports to ECOWAS declined slightly due to Burkina Faso, Mali, and Niger exiting the regional bloc, affecting intra-African trade figures.

She said that African Continental Free Trade Area (AfCFTA) remained critical for expanding intra-African trade, positioning Nigeria as a regional hub under continental market integration efforts.

The NEPC boss attributed the performance to reduced export rejects, improved documentation, better logistics recovery, and strong global demand for Nigerian commodities.

She expressed optimism that sustained reforms would further strengthen non-oil exports as a strategic pillar of Nigeria’s economic diversification agenda.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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