EU’s Injecting €150bn into Lagos- Abidjan Trade Corridors
When you move from the Benin Border to Lagos, you can be stopped at least 20 times with 80 checkpoints. This is a big barrier for transport between the two countries.
Trade and Services
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Illict Trade : WTO estimates $30-50bn annual losses to food industry fraud
The impacts of illicit trade can be far-reaching, affecting different segments of society and the economy
Afreximbank Embarks on African Quality Assurance Center in Kaduna
The Bank embarked on the AQAC initiative in order to ensure that “Made in Africa” products meet international standards and technical regulations in order to avoid rejections at export markets
Industry’s Minister Shares Outcomes of Trip To South Korea
We explored new avenues to enhance trade relations between Nigeria and South Korea, aiming to significantly increase our current trade volume
Highlights of African Trade Report 2024, by Yemi Kale
It provides an analysis of the economic environment, trade patterns, debt scenarios, and future projections for African economies.
NPA Reduces Entry Time for Export Trucks to 48hrs from 72hrs
Mohammed Bello Koko, MD/CEO of Nigeria Ports Authority in collaboration meeting with the Nigeria Customs Service and Ports stakeholders.
Bonded Terminal Operators Advocating for Maritime Bank in Nigeria
Before now, freight used to be $1,500 but it has gone up to about $6,000 and when you now come to Nigeria, the exchange rate for cargo clearance has gone up
Customs Consultative Committee Tasks FG on New Customs Law
The review of the law has become imperative to protect local businesses engaged in import and export.
NPA Mandates Exporters, Banks , Customs on NXP form Compliances
This improved procedure mandated by the NPA and the government is to ensure that the booking of export boxes to the port must be preceded by a NXP application for such consignment.
MAN Laments Manufacturing Shipment Costs at 22.16%
The Manufacturers Association of Nigeria (MAN), on Thursday, called on the federal government to continuously improve macroeconomic indices, citing the cost of manufacturing shipment which rose to 22.16 percent in Q1 2024 from the 19.48 percent recorded in Q4 2023. Dr Oluwasegun Osidipe, Director of Research and Advocacy, MAN, presented the Q1 2024 MAN CEO’s…