Trade & Investment

The Nigerian Customs Service has maintained its stance on the Central Bank of Nigeria’s e-valuator and e-invoicing for importers and exporters in the country. The NCS insisted in a statement on Thursday that it is not bound by the restrictive initiative of the apex bank which falls within the jurisdiction of …

The Federal Competition and Consumer Protection Commission (FCCPC) has revealed that it is engaging pay television company, MultiChoice Nigeria, for clarity on its recently announced increase of subscription fee across all bouquets for its DStv and GOtv services. According to NAN, this was made known by the Executive Chairman of …

Gabriel Uzor The Federal Government is targeting to increase the level of e-commerce transactions from the 76.7 million which it was in 2021 to 122.5 million transactions by 2025. The Permanent Secretary in the Federal Ministry of Industry, Trade and Investment Dr Evelyn Ngige said this at the national sensitization …

As Nigeria’s energy crisis continues to affect businesses across the country, the Manufacturers Association of Nigeria (MAN) has urged the federal and state governments to rescue industries from the current epileptic power supply and hike in price of diesel across the country. In a statement, the Chairman Kwara/Kogi states branch,  Mr …

Michael Uche As part of its contribution to the development of its host communities BUA Cement Plc has installed 3 units of 500KVA, transformers to boost access to electricity in SARDA, Kalambaina  and specialist hospital, in Wamakko  Community of Sokoto state. In the same vein, the company also commissioned 2 …

President Muhammadu Buhari says the  2.5 billion dollar Dangote Fertiliser Plant in Ibeju Lekki, Lagos, will boost Nigeria’s foreign exchange earnings and accelerate economic growth. Buhari spoke on Tuesday while inaugurating the three million metric tonnes per annum urea production plant. He said: “This fertiliser plant is further expected to enhance …

Oluwasina Phillip  The Federal Government has inaugurated a 14 man Technical Committee on the Development of a Roadmap and Operational Framework for Halal Certification in Nigeria. The Minister of State for Industry, Trade and Investment, Amb. Mariam Yalwaji Katagum  officially inaugurated the technical Committee  in Abuja today. Amb. Katagum  noted …

Oluwasina Phillip The Federal Competition and Consumer Protection Commission has ordered Multichoice Nigeria to introduce a price lock initiative and toll-free customer lines for its customers. The commission said this move was as a result of alleged dominance by the pay-television company. This was contained in a notice issued by …

Ololade Omosan-Agie President Muhammadu Buhari has approved the renewal of the appointment of Mr Olukayode Pitan as the Managing Director of the Bank of Industry for a final term of five years. In a statement issued on Tuesday by the Special Assistant on Media to the Minister of Industry, Trade …

The National Bureau of Statistics on Tuesday put Nigeria’s total trade in the fourth quarter of 2021 at N11.7trn. The N11.7trn is made up of exports trade value of N5.76trn and imports trade value of N5.94trn which resulted in a negative trade balance of N173.96bn. The NBS in its Trade …