Trade and Services
A.P Moller-Maersk Plans $600m For Reconstruction of Nigeria’s ports
Danish shipping and logistics company, A.P Moller-Maersk has disclosed a planned investment of $600 million in Nigeria to accommodate more container shipping services in Nigerian ports. The Chairman of A.P Moller-Maersk, Mr. Robert Maersk Uggla, disclosed the decision during a meeting with President Bola Tinubu on the sidelines of the World Economic Forum Special Meeting…
NPA issues 72hrs policy access for export cargoes
The Nigerian Ports Authority (NPA), says: ” Effective from Monday, April 22, 2024, a policy will be implemented regarding access to the port terminals for designated export trucks.” NPA, in the statement, said: ” “All designated export trucks will now have only 72 hours to access the designated terminal after leaving the Export Processing Terminal,…
ECOWAS Seeks Tariffs Removal To Facilitate Palm Oil Trading
ECOWAS is calling on palm oil-producing member states to remove tariffs and taxes on the commodity. This is to facilitate the trading of the commodity and for the sustainable growth of the palm oil sector within the region. The region’s palm oil producing countries are Ivory Coast, Togo, Benin, Nigeria, Ghana, and Liberia. Amb. Yakubu…
Pan African Payment and Settlement System (PAPSS) Isn’t Working – Oyeyimika , Cadbury MD
Oyeyimika Adeboye, is the Managing Director, Cadbury Nigeria Plc. She supervises the West African operations of Mondelēz International, one of world’s largest snack companies.In this interview, culled from The Nation, Adeboye shares insights on the manufacturing environment in Nigeria as well as regional integrations and other issues. How do we ensure dollar liquidity? I can…
UNIDO’s Müller Calls For Cooperation and Trade Between Africa, EU Single Market
” We need fair markets, fair global value chains and investment in local value addition.”
Are You A Victim of Supermarket Frauds?
An item is tagged N800, and when you pick some quantity with a known price, you will be shocked that the price at the pay counter will be over N1000 per item.
I Like Nigerian Food – Chinese Consul Gen, Yan Yuqing
The first female Consul- General of People’s Republic of China in Nigeria, Ms Yan Yuqing, has expressed her loves for Nigerian peoples, food and the national sport team – the Super Eagles. During a public event in Lagos, she told the business community, cheerfully : ” I like Nigerian people, I like Nigerian foods :…
Peter Obi Condemns Huge Spending on Nigeria’s 1411 Delegation To COP28 In Dubai
Peter Obi, LP Presidential Candidate 2023, has described Nigeria’s contingent at the ongoing COP28 in Dubai, United Arab Emirates, totaled 1411, as a waste of public fund. Obi, on his social media handle, X, said : ” the vast majority of those in the Nigerian delegation to COP28 are either non relevant civil servants or…
AfCFTA: 30 Countries To Begin Trading Next Year
The Senior Advisor to the Secretary-General of the African Continental Free Trade Area (AfCFTA), Peter Joy Serwornoo, said that thirty countries in Africa will begin trading under the single market, next year. In an interview with the Ghanaian Times, Serwornoosaid that currently, seven countries have been trading under the AfCFTA Guided Trade Initiative, adding, “A lot…