Trade
-
Defence
CGC inaugurates trade office at Tsamiya dry port, Kano
The Comptroller-General of the Nigeria Customs Service(CGC), Mr Bashir Adewale, on Thursday inaugurated the Kano Trade Office of the Tsamiya Dry Port (Kebbi) Initiative. This is contained in a statement issued by the Public Relations Officer of the Kano/Jigawa Area Command of the service,SC Saidu Nuruddeen, in Kano on Thursday. Adewale, who was represented by the Zonal Coordinator of Zone…
Read More » -
economy
NEPC, Customs engage stakeholders on informal cross-border trade
The Nigerian Export Promotion Council (NEPC) and the Nigerian Customs Service (NCS) have engaged stakeholders on means of mainstreaming informal cross-border trade in Saki area, Oyo State. The Chief Executive Officer(CEO), NEPC, Mrs Nonye Ayeni, made this known via a statement on Tuesday in Lagos, signed by Dr Joe Itah, Director, Trade Information Department, NEPC. According to Ayeni, the stakeholders’…
Read More » -
Featured
Mexico, Nigeia working to scale up trade relations – Ambassador
Mexico and Nigeria are committed to scaling up their bilateral trade relations, which has a relatively low current value of approximateley 180 million dollars. Mexican Ambassador to Nigeria Alfredo Miranda said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Monday. Miranda said that of this amount, Mexico recently committed about 100 million dollars to…
Read More » -
economy
Foreign investment: EU-Nigeria trade hit €35bn in 2023 -Envoy
The European Union (EU), says it remains Nigeria’s largest trading partner, with a total trade of almost €35 billion in 2023, accounting for about one-third of Nigeria’s foreign investment. Ms Samuela Isopi, the European Union Ambassador to Nigeria and ECOWAS, made this known on Tuesday in Abuja, at the 9th Edition of the Nigeria-EU Business Forum 2024. The News Agency…
Read More » -
economy
Afreximbank, WTO sign MoU to promote global trade
African Export-Import Bank has signed a Memorandum of Understanding (MoU) with the World Trade Organisation (WTO) to amplify the impact of their strategically aligned joint efforts of promoting global trade. A statement issued by Vincent Musumba, Afreximbank’s Manager, Communications and Events, said the two organisations would promote global trade by leveraging Africa’s unique resource endowment. Musumba said the MoU would…
Read More » -
economy
Customs recorded 100% improvement on export -Comptroller
The Customs command in Seme border said it recorded about 100 per cent increase in the volume of trade in the first five months of 2024. The Seme Border Customs Comptroller, Timi Bomodi disclosed this in an interview with the News Agency of Nigeria (NAN) in Seme on Sunday. Bomodi said that the significant increase was due to improved trade…
Read More » -
economy
Trade, investment IGR rises by 400% in 4 months- Enugu Commissioner
The Enugu State Commissioner for Trade, Investment and Industry, Mrs Adora Chukwu says the ministry increased its Internally Generated Revenue (IGR), by 400 per cent in the first quarter of 2024. Chukwu disclosed this during a Media Chat with the News Agency of Nigeria (NAN) on Friday in Enugu. The Commissioner said the ministry generated N86 million between January and…
Read More » -
Agriculture
Nigeria, Saudi Arabia boost bilateral relations for trade, agriculture, economic growth
The Federal Government of Nigeria and the Kingdom of Saudi Arabia have pledged to improve bilateral relations, particularly in agriculture, trade and economic opportunities. This commitment was reaffirmed during a meeting between a delegation from Saudi Arabia, led by its Minister of Environment, Water, and Agriculture, Abdulrahman Alfadley, and Nigerian officials on Thursday in Abuja. The Nigerian delegation was led…
Read More » -
Featured
Türkiye halts trade with Israel to compel ceasefire: president
Turkish President Recep Tayyip Erdogan said  Türkiye’s decision to suspend trade with Israel had one singular purpose, to compel the Israeli government into a ceasefire in the Gaza Strip. According to the presidency’s website, he made the remarks on Friday during a meeting with the board of directors of the Independent Industrialists and Businessmen Association in Istanbul. The president also…
Read More » -
Africa
ISO Annual Meeting 2022: Abu Dhabi convenes global experts to explore how standards can support international trade, climate action
Abu Dhabi, United Arab Emirates — Representatives from over 120 countries are in Abu Dhabi this week to discuss how standardization can be leveraged to lower international trade barriers and support climate action. From 19-23 September, more than 5,000 delegates are convening, physically and virtually, for the International Organization for Standardization (ISO) Annual Meeting 2022, which is being hosted by…
Read More » -
NEWS
Trade dispute: Gbajbiamila meets Ghana’s head of parliament
Hope has risen for amicable resolution of the lingering trade dispute against Nigerians in Ghana, with Speaker of Nigeria’s House of Representatives, Femi Gbajabiamila, and Ghanian counterpart, Alban Suman Kingsford pledging parliamentary interventions. Both leaders while speaking after a closed door meeting on Wednesday assured that with the planned return visit of Gbajabiaila to Ghana next week, all the nutty…
Read More » -
NEWS
Hong Kong exports to be labelled ‘made in China’
Goods made in Hong Kong for export to the United States will need to be labelled as made in China after Sept. 25, according to a U.S. government notice posted on Tuesday. The move follows China’s imposition of a national security law on Hong Kong and a U.S. decision to end the former British colony’s special status under U.S. law,…
Read More » -
NEWS
Chinese container train berths in Kiev
The first direct container train, which left the central Chinese city of Wuhan on June 16, arrived in Kiev Monday, opening up new opportunities for China-Ukraine cooperation, said Ukrainian officials. “Today’s event has important symbolic significance for Sino-Ukrainian relations. “It means that future cooperation between China and Ukraine within the framework of the Belt and Road Initiative will become even…
Read More » -
NEWS
US lawmaker calls for ban on Chinese business interests
A top senator is preparing a bill to ban Chinese companies from U.S. capital markets if they engage in spying, human rights abuse or support China’s military, threatening a financial blow as tensions mount over COVID-19 and Beijing’s crackdown on Hong Kong. Republican Marco Rubio, a prominent China hardliner, said he plans to unveil the legislation in the coming weeks…
Read More » -
NEWS
Aircraft row: US to review tariff on EU goods
The United States is weighing its tariffs on European products and is considering changing rates for various products as part of the trading partners’ aircraft dispute, according to a notice by the Office of the U.S. Trade Representative. “In connection with this review, the U.S. Trade Representative is considering modifying the list of products of certain current or former EU…
Read More » -
NEWS
U.S. commerce Secretary, Elumelu canvass for increased US-Nigeria investments
The U.S. Secretary of Commerce, Penny Pritzker and Chairman Heirs Holdings Mr. Tony Elumelu on Wednesday called for increased US-Nigeria Investments. Both leaders spoke at a gathering of business leaders in Lagos. Pritzker, who is leading 20 American companies on an Energy Business Development trade mission to Ghana and Nigeria, said American companies would invest in countries that observe the…
Read More »