Business
Nigeria-Australia Trade Volume Stands At $2bn
The Australian High Commissioner, Mr Jonathan Richardson, says the trade volume between Nigeria and Australian stands at about two billion dollars.
Richardson, who made the disclosure at the celebration of Australia Day in Abuja on Saturday, said that Australia currently imported about 2 billion dollars worth of oil from Nigeria.
The high commissioner said that Nigeria’s export to Australia had reduced recently, while Australia’s export to Nigeria had increased significantly.
“The total volume of trade between Australia and Nigeria now is around 2 billion dollars.
“I think the level of petroleum export from Nigeria has dropped a bit.
“Our exports to Nigeria are very high; we want to make Australia exports to Nigeria higher because we see a lot of potentials here,” he said.
According to him, we have been exporting such things like wheat and some equipment and so forth. We hope there would be more commercial involvement in those areas.
Richardson said Australian exports had grown “more modestly but slowly” over the last few years.
The envoy said that his country had a number of companies that were active in the mining and the infrastructure sectors.
He acknowledged Nigeria’s economy as the largest in Africa following the rebasing of its Gross Domestic Product (GDP) in 2014, saying it is an important milestone.
According to him, the bilateral relationship between Nigeria and Australia has grown stronger over the last few years; it has taken a number of different dimensions.

Mazi Charles Okoro (2nd left) Regional Banker/Head of Fidelity Bank South-South in a handshake congratulating Miss Faith Chikodi Elumezie, one of the winners of the Fidelity Save for Scholarship at a promo organised by the bank in Port Harcourt, flanked are Uchenna Opara, Head of e-banking/Sales and Anthony Onah, Head SME, Rivers/Bayelsa region. Photo: Ibioye Diama
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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