Nigeria’s maritime trade is experiencing a significant boom, reaching $29.9 billion in the first half of 2025. According to the nation’s statistics agency, the surge means that maritime transport remains the dominant channel for the country’s exports. The sector’s impressive 12% growth is largely attributed to two key factors: strategic foreign-exchange reforms and a diversifying export base. The Central Bank’s unification of exchange rates has made Nigerian goods more competitive globally, providing a major incentive for exporters. Simultaneously, the massive Dangote refinery complex has begun shipping refined petroleum products and fertilizers, contributing crucial value-added goods to the nation’s export portfolio. Economists note that Nigeria’s shift from raw commodities to processed goods is also creating regional ripples, signaling broader economic renewal and strengthened investor confidence across the continent.
Business Insider Africa
