Nigeria Produces 837,000 Tonnes of Papaya, 6.34% of Global Output


Friday June 08, 2018/04:20PM / FDC

Nigeria’s manufacturing and agricultural exports jumped 577% and 24% to $1.21bn and $203.16mn respectively in Q1’18. Oil and gas sales now account for 87.22% of exports, down from 94.6% in Q4’17. This means that Nigeria has made limited progress in economic diversification. However, these numbers do not include the huge level of commodity export smuggling, which has become a thriving business ever since the naira adjustment. 

Proshare Nigeria Pvt. Ltd.

Related News

1.         Cocoa Price Gains 7% in April 2018 as Ivory Coast Is Seeking to Reduce Output

2.        Cocoa Rallies to 18-month High Amid Concerns of Tightening Global Supply

3.        Consumer Confidence Index Fell Sharply by 23 Points to -6.4 Points in Q1 2018

4.        Shrimps And Prawns Are Nigeria’s Third Largest Agricultural Export

5.        Corn Futures Traded Flat at $3.98 per Bushel

6.        Improved Wheat Production: An Aid to Nigeria’s Diversification Strategy

7.        Nigeria Produces 461,000mt of Sesame Seeds a Year

8.       Nigeria is World Second Largest Producer of Cashew Nuts

9.        Urban Retail Price Tracker - Strong Demand Push Commodity Prices Up

10.    Commodities Markets Diverged From Stock Markets and Inched Upwards

11.     Domestic Commodity Prices Such as Rice (10%) Have Increased In The Days Leading Up To Easter

12.    Nigeria is the Largest Producer of Yam in the World, With an Annual Production of 44.1 MT

13.    Cocoa Prices Down Slightly by 0.04% to $2,557 per MT

14.    Nigeria Produces 250,000 Tonnes Of Coconut Annually and is Ranked 18th in the World

15.     Nigeria Aggregate Demand for Rice In Excess Of 6mn Tonnes

16.    Nigeria Produces 3.93MT of Sweet Potato; The Largest Producer in SSA

17.     Kebbi State is Set to Produce 2.5mmt of Rice in 2018

Related News