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Nigeria exported N146.1bn worth of raw cashew in the first half of 2023, a report by the National Bureau of Statistics (NBS) has disclosed. The report titled Foreign Trade in Goods Statistics showed that the product is categorised into two of cashew nuts shelled and cashew nuts in shell. The report stated that in…
CBN Governor, Godwin Emefiele
The new policy by the Central Bank of Nigeria (CBN) directing all exporters to present the Nigeria Export Proceed (NXP) number before exporting any good outside the country is currently causing a setback for international trade.
Already, the exporters of perishable items groan under the cumbersome process of acquiring the NXP number while their goods lie fallow at the ports. Those affected are afraid the goods could lose quality.
An importer and Secretary-General, National Cashew Association of Nigeria, Sotonye Anga, told The Guardian that the agricultural goods were about to perish at the terminal while they had waited endlessly for NXP number.
CBN Governor, Godwin Emefiele
The new policy by the Central Bank of Nigeria (CBN) directing all exporters to present the Nigeria Export Proceed (NXP) number before exporting any good outside the country is currently causing a setback for international trade.
Already, the exporters of perishable items groan under the cumbersome process of acquiring the NXP number while their goods lie fallow at the ports. Those affected are afraid the goods could lose quality.
An importer and Secretary-General, National Cashew Association of Nigeria, Sotonye Anga, told The Guardian that the agricultural goods were about to perish at the terminal while they had waited endlessly for NXP number.