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The Impact of Burkina Faso, Mali, and Niger’s Exit from ECOWAS on ETLS and the AfCFTA

The recent decision made by Burkina Faso, Mali and Niger to withdraw from the Economic Community of West African States (ECOWAS) has caused concern, throughout the region. People are worried about how this will impact African trade and the African Continental Free Trade Area (AfCFTA). These countries have a population of 70 million and a …

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Why Your Business Needs To Consider Exportation

Export business plays a crucial role in a country’s economy and has several significant benefits. Here are ten reasons why engaging in export activities can be important:  Increased Revenue: Exporting allows businesses to tap into larger markets beyond their domestic boundaries, opening up opportunities for increased sales and revenue generation. It helps diversify revenue streams, …

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How To Get Ready For Export Business

To adequately get ready for the export market, a micro, small and medium-sized enterprises (SMEs) should consider the following steps: By following these steps and adequately preparing, SMEs can increase their chances of success in the export market. Thorough planning, market research, product adaptation, compliance with regulations, strategic partnerships, effective marketing, and continuous learning will …

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Reducing The Mortality Rates of Export Businesses In Nigeria

Reducing the mortality rates of export businesses requires a comprehensive approach that addresses various aspects of their operations and challenges. Here are some strategies to consider: 1. Export Readiness Assessment: Conduct a thorough assessment of businesses’ readiness to engage in export activities. Identify their strengths and weaknesses, and provide targeted support to address any gaps. …

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Why The Prohibition of 43 Items by CBN Did Not Lead to Growth of Foreign Reserves

Introduction Foreign exchange reserves are a crucial component of a nation’s economic stability. They serve as a safeguard against external shocks, a tool for monetary policy, and a means to facilitate international trade. Central banks play a pivotal role in managing these reserves, with decisions often affecting importers’ access to foreign exchange. In recent years, …

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The Step by Step Guide to Starting Ginger Export Business in Nigeria

Entrepreneurship has been a recurring discourse in economic discussions globally. Underemployment and unemployment issues plaguing many countries have called for the need for a solution. And many people have found the solution in entrepreneurship. Consequently, being an employer of labor or investor is increasingly becoming attractive. There is, however, the issue of finding it difficult …

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