The Nigerian Economic Summit Group (NESG) has emphasized the need for Nigeria to reevaluate and diversify its trade partnerships, particularly by shifting focus towards countries that remain unaffected by the tariffs imposed by the United States. This recommendation is articulated in the NESG’s latest Foreign Trade Alert for the fourth quarter of 2024 and the…
Comptroller Michael Ugbagu , the Federal Operations Unit, Zone ‘C’, of the Nigeria Customs Service, Owerri, urged the public to refrain from patronising second-hand clothing and support local manufacturers. Comptroller Ugbagu made the call during a press briefing at the command’s headquarters in Owerri, on Wednesday. He highlighted the dangers posed by smuggling used clothing,…
An immigration officer on Tuesday confirmed that the Republic of Niger is no longer recognizing the ECOWAS Travel Certificate (ETC) or ECOWAS passport for entry into the country for Nigerian travelers. The ECOWAS Travel Certificate and the ECOWAS passport are important travel documents that facilitate movement among member countries of the Economic Community of West…
On Tuesday, the Nigeria Customs Service (NCS) announced a temporary suspension of the implementation of the four percent levy on the Free On-Board (FOB) value of imports. Abdullahi Maiwada, the spokesman for the service, communicated this development in a statement issued from Abuja. The suspension aims to facilitate comprehensive stakeholder engagement and consultations regarding the…
The Manufacturers Association of Nigeria (MAN) is reaching out to the Federal Government with a request for immediate engagement with the Nigeria Customs Service to reconsider the implementation of the 4% Free-on-Board Levy and the NPA’s 15% Ports Tariff. Segun Ajayi-Kadir, the Director-General of MAN, emphasized the need for collaboration on Tuesday, expressing the Association’s…
The Nigerian Ports Authority (NPA) says on Thursday that it has secured the government’s approval to raise ports tariffs to 15 percent. In a statement on the Ports page via X , NPA said :” This adjustment, the first since 1993, is intended to enhance the efficiency and competitiveness of Nigerian ports. The 15% upward…
Access Bank PLC is convening a distinguished line-up of seasoned speakers, and top executives from leading international banks, Development Finance Institutions (DFIs), and captains of industry in Africa to address the future of commerce across the continent. The convergence – Africa Trade Conference (ATC) themed, ‘Empowering Africa Through Trade, Innovation, and Sustainable Growth’, is scheduled…
From left: Minister of State for Finance, Dr Doris Uzoka-Anite; Minister of Marine Economy, Mr Gboyega Oyetola; chairman, Senate Committee on Finance, Senator Sani Musa; Minister of Industry, Trade and Investment, Dr Jumoke Oduwole; chairman, Federal Inland Revenue Service, Dr Zacch Adedeji; Managing Director, Nigerian Port Authority (NPA), Dr Abubakar Dantsoho; head, National Single Window…
“Come make your product in America and we will give you among the lowest taxes of any nation on earth,” said US President Donald Trump. President Trump spoke on Thursday, remotely to the World Economic Forum in Davos, Switzerland. He said : “But if you don’t make your product in America, which is your prerogative, then…
▪︎President Donald Trump signs an executive order as he attends an indoor Presidential Inauguration parade event at Capital One Arena, Jan. 20, 2025, in Washington. Credit: VOAnews. President Donald Trump began his second term in office on Monday , as the 47th President of the United States of America. He got down to work by…
