The Nigerian Export Promotion Council (NEPC) has revealed that the country has generated $2.5 billion from non-oil exports between January and June of this year. Speaking during a one-day workshop for emerging exporters in Owerri, Dr. Ezra Yakusak, the Executive Director of NEPC, highlighted the significant revenue achievement. He indicated that based on this milestone, Read More…
Trade
Maritime: ANLCA makes case for customs agents to participate in policy making
The Association of Nigerian Licensed Customs Agents (ANLCA) stated on Friday that customs brokers should be given the chance to influence maritime policy. Dr. Kayode Farinto, the Association’s acting national president, told newsmen that the precaution would ensure that there would be no policy reversal. When discussing hopes for 2023, Farinto said that, regrettably, the Read More…
Nigeria laments low level of trade with Egypt
Nigeria lamented her poor trade with Egypt, one of the continent’s two economic giants, on Monday. Malam Nura Rimi, Nigeria’s ambassador to the northern African nation, observed that despite the size of the two economies, the volume of trade between the two was little. He gave a speech in Cairo at the inaugural Nigeria-Egypt Trade Read More…
Over 30 illegal checkpoints in Apapa-Tin-Can Island Port corridor – revelation
There are over 30 illegal checkpoints existing within the Apapa and Tin-Can Island Ports corridor where truckers are extorted up to N60,000 per trip, it has been revealed. Truck owners and drivers under the aegis of Association of Maritime Truck Owners, AMATO, made the allegation on Thursday. They identified the Apapa-TinCan port corridor as become Read More…
Amaechi tasks contractors to speed up Lekki seaport, 90 per cent completed
The Minister of Transportation, Mr Chibuike Amaechi, has urged contractors of the Lekki Deep Seaport Project to speed up work to enable the government to approve all the necessary processes before the next election. Amaechi made this known in a statement on Saturday while inspecting the ongoing construction of the Lekki Deep Seaport Project in Read More…
Ikorodu business holds maiden trade fair with great expectations
Ikorodu business is alive and wants the whole world to know. After all, it has been home to many industries both large and small, including Ragolis, the table water enterprise. Now, the Ikorodu Chamber of Commerce and Industry (ICCI) is organising its maiden trade fair, ”Ikorodu Division Expo (IKODIV Expo 2021), to explore business opportunities Read More…
Nigeria’s Okonjo-Iweala makes history as new head of WTO
Nigeria’s Ngozi Okonjo-Iweala was selected by consensus to be the next director-general of the World Trade Organization at a closed-door meeting on Monday, according to two sources attending the meeting. All members of the WTO’s top decision-making body, the General Council, agreed on her appointment in a virtual meeting which had just one agenda item, Read More…
Final WTO talks under way on selecting new leader, delegates say
World Trade Organization members are conducting final consultations this week on selecting a new director-general (DG) and are widely expected to endorse Nigeria’s candidate at their next formal meeting, delegates said on Monday. Washington backed Nigerian former finance minister Ngozi Okonjo-Iweala on Friday, reversing its previous opposition and prompting her to express optimism about her Read More…
African nations begin trading under AfCFTA pact
African Union (AU) Chairperson Cyril Ramaphosa and Ethiopian Prime Minister Abiy Ahmed have congratulated Africans for starting trading under the African Continental Free Trade Area (AfCFTA). Abiy tweeted: “Congratulations to our continent for the beginning of trading under AfCTA. The new frontier for Africa is indeed regional integration, where minds are open to ideas and Read More…
African Continental Free Trade Area Agreement comes into effect
The African Continental Free Trade Area (AfCFTA) agreement comes into effect on January 1, 2021, but Zambia is one of the 21 countries that have not yet deposited their instruments of ratification. Zambia’s Minister of Commerce, Trade and Industry, Christopher Yaluma, disclosed at a media briefing in Lusaka on Thursday that the official launch of Read More…