(Industrial Times, Nigeria) Today, the Comptroller-General of the Nigerian Customs Service, commended Babatunde Olomu, the Customs Area Controller for Apapa Command, and the officers working with him for the seizures of twelve containers of smuggled expired products through the port, in recent months. CGC Adewale Adeniyi, also advised port users to embrace only legitimate trade…
▪︎APM Rail Terminals Kano The Nigerian Shippers Council (NSC) and the Nigerian Railway Corporation (NRC) say that manufacturing companies, importers and exporters should take advantage of rail services for the transportation of cargoes to and from the seaports to Inland Dry Ports (IDPs). The two agencies of the government back up the call with signed…
▪︎Left: Dayo Adeyeye NPA Chairman Board of Directors; Dr. Abubakar Dantsoho, MD NPA Last week, President Bola Tinubu effected new leadership changes at the Nigerian Ports Authority (NPA). Tinubu appointed the former head of South-West support group, Dayo Adeyeye as NPA chairman Board of Directors, and Dr. Abubakar Dantsoho, as the new MD Nigerian Ports Authority….
The Breakfast Meeting is scheduled to be held on July 24, 2024, at the Rockview Hotel, Apapa Lagos.
The United Kingdom (UK) has appointed Mark Smithson as the country director for the UK’s department for business and Trade (DBT) in Nigeria. In a statement on Thursday from the UK foreign, commonwealth and development office, Smithson takes over from Chim Chalemera who recently concluded a 3-year posting in that role. The office said: “Mark…
“In the next few days, ten Nigerian companies would be exporting different homemade products to countries across East, Central, and North Africa, under the African Continental Free Trade Area Agreement (AfCFTA).This declaration was made , yesterday in Lagos, by the Coordinator, National AfCFTA Coordination Office, Olusegun Awolowo. “Some of the companies include, Le Look Nigeria…
The Afreximbank’s Africa Trade Report 2024, titled ‘Climate Implications of the AfCFTA Implementation,’ ranked Nigeria as the top fourth contributor to intra-Africa trade, following South Africa, Cote d’Ivoire and Egypt for 2023. In the report, Nigeria’s intra-Africa trade decreased in 2023 by 2.1 percent to $8 billion from $8.2 billion in the previous year. “This…
The WTO says that it’s member countries introduced more trade-facilitating measures than trade-restricting measures on goods, between mid-October 2023 and mid-May 2024. It’s Director-General, Dr Ngozi Okonjo-Iweala, said : ” It’s an important signal of members’ commitment to keep trade flowing despite the current geopolitical uncertainty.” WTO, in its latest Trade Monitoring Update issued on…
▪︎ECOWAS Office, Abuja . Finance Ministers and Central Bank Governors from the 15 Economic Community of West African States, have advanced plans to launch the single currency initiative, known as the ECO. The ECO is envisioned to propel economic growth and development throughout the West African sub-region, received Nigeria’s endorsement. The single currency is part…
“Nigeria has been designated as the next host for the Arab Africa Trade Bridges (AATB) Program Board of Governors meeting, which will take place in Abuja next year. These developments clearly demonstrate Nigeria’s continued significance on the global stage and our commitment to nurturing international trade relationships. We’re looking forward to welcoming delegates to Abuja…
