Saturday 7 May 2016

Nigeria, U.S. Trade Hits $799.9Million In Two Months


The bilateral trade between Nigeria and the United States of America (U.S.), from January to February this year, has been put at $799.9 million, according to the United States' Census Bureau.

Besides, Nigeria's oil and gas business relationship with Houston Texas in 2015 stands at $15 billion.

The Mayor of Houston, Sylvester Turner, who made this disclosure at the 2016 Nigeria Content Investment ‎Forum in Houston Texas, organised by Sweetcrude Reports, in collaboration with Nigeria Content Development and Monitoring Board (NCDMB) and The Guardian Newspapers, described oil and gas trade between Nigeria and Houston as a success story.

According to him, Nigeria as one of the U.S. largest trade partners, stressing that the country will continue to strengthen ties with Africa's economic giant.

In a special message to Nigeria's Small Medium Enterprises (SMEs) and Houston's manufacturers, he explained that the existing close ties between Nigeria and Houston has made many oil companies to have office branches or associates in the country.

"330 Houston companies have businesses and trade connection with Nigeria," Turner said, noting that Houston ranks as Nigeria largest U.S. gateway for international trade ‎and for greater partnership.


Source: AIT

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