The Nigeria Export Processing Zones Authority, NEPZA and Oil and Gas Free Zones Authority, OGFZA have solicited the support of the Nigeria Customs Service, NIS, in the development of the nation’s Free Trade Zones, FTZs in the country. The Managing Director/CEO of NEPZA, Prof. Adesoji Adesugba and his counterpart from OGFZA, Senator …
Read More »Tinubu’s emergence as ECOWAS Chairman a welcome development,says Ndoma-Egba
Former Senate Leader, Distinguished Senator Victor Ndoma-Egba, SAN, and Executive Secretary (ES) Nigerian Shippers Council (NSC), Rt. Hon. Emmanuel Jime, have described the emergence of President Bola Ahmed Tinubu as the Chairman of Economic Community of West African States (ECOWAS), as a welcome development that is good for Nigeria and …
Read More »Rice to get costlier as weather, India’s farm perks threaten supply
Global rice prices, now at their highest in 11 years, are set to rally further after India moved to boost payments to farmers, just as El Nino threatens yields in key producers and alternative staples get costlier for poor Asians and Africans. India accounts for more than 40% of world …
Read More »Subsidy Palliative Could End Up As Greatest Robbery In Nigeria’s History – Prof Jibrin Ibrahim
Professor Jibrin Ibrahim, member, governing board of the Center for Democracy and Development (CDD), has said the planned palliative by the federal government could fail to serve its intended purpose just like that of COVID-19. After the removal of subsidy, President Bola Tinubu had set up a committee to strategise …
Read More »FG tackles rejection of Nigeria’s export products as emergency-Osita Aboloma
The Federal government is tackling the rejection of Nigeria’s export products in some parts of the global economic system as an emergency with stringent measures to mitigate the anomaly. This was disclosed recently by Mr. Osita Aboloma, Chairman, National Quality Council under the Presidency in Abuja, through a press release …
Read More »Give Africans Visa on Arrival to Aid Trade, Dangote urges African Countries
Africa’s richest man,Aliko Dangote has encouraged African countries to be deliberate in liberalising integration and allow for easy entry and exit of Africans. The Dangote Group CEO, who spoke on Sunday at the 30th Afreximbank Annual Meetings held in Accra, Ghana, stated that if the continent was committed to boosting …
Read More »Afreximbank Launches Insurance Subsidiary To Support Intra-African Trade
The African Export-Import Bank (Afreximbank) launched its insurance management services subsidiary, AfrexInsure, with a commitment to provide a single-entry point for all specialty insurance needs to assist in optimally managing related risks for the trade and commerce sector in Africa.Established in 2021, AfrexInsure is set up to offer specialty insurance …
Read More »Nigeria ratifies WTO Fisheries Subsidies Agreement, deposits instruments with DG- Amb . Abdulhamid
Dr Ngozi Okonjo Iweala DG WTO receives the instrument of ratification for the WTO Fisheries Subsidies Agreement from Amb.Adamu Mohammed Abdulhamid Nigeria has ratified the World Trade Organisation (WTO) Fisheries Subsidies Agreement and deposited the instrument the Director General at the Secretariat. This was disclosed in a statement by Ambassador …
Read More »Cross River:Tribunal dismisses petition against Abang, House of Representatives member -Elect
The Election Petition Tribunal for National Assembly/State Assembly sitting in Calabar has dismissed the petition brought against the member-elect for Ikom/Boki Federal Constituency of Cross River State, Chief Victor Bisong Abang by the candidate of the Peoples Democratic Party (PDP), Barrister Attah Ochinke in the February 25th National Assembly poll. …
Read More »Subsidy Removal: Labour Suspends Strike
The strike action by the organised labour to protest the removal of fuel subsidy slated to commence tomorrow, June 7, has been aborted .The Unions decided to do so according to them, to give room for more consultations. This was contained in a communiqué signed by TUC President, Comrade Festus …
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