Trade & Investment

The Nigeria Customs Service has unveiled plans to deploy 135 scanners across all the ports and land borders of the country. It said the deployment of the scanners would be completed in the next two years. The Comptroller-General of the Nigeria Customs Service, Hameed Ali who disclosed this on Wednesday …

Ebuka Daniel The wealth of the Chairman and Chief Executive Officer of Dangote Group, Aliko Dangote, rose by $1.8bn in the 2021 fiscal period making him to retain his position as the richest man in Africa for the 11th year in a row by Forbes. Forbes in its latest report …

Oluwashina Phillip For Nigeria to boost the level of trade with other countries, the federal government must take advantage of the areas where the country has the highest competitive advantage, Nigeria’s Ambassador to the World Trade Organisation, Dr Adamu Abdulhamid has said. Abdulhamid said this in an exclusive interview with …

Ebuka Daniel The Director, Weights and Measures Department, Federal Ministry of Industry, Trade, and Investment, Mr Hassan Ejibunu, has said that the department generated over N900m in 2021. Ejibunu disclosed this while fielding questions from newsmen during the midterm review of the strategic plan workshop of the department in Uyo …

Ebuka Daniel The Minister of Mines and Steel Development, Olamilekan Adegbite, has said Nigeria has what it called “the mineral of the future” that can power electric cars and phones. Adegbite said this to international investors during one of the investors’ forums at the Mining Conference in Riyadh Saudi, according …

Ololade Omosan-Agie The Minister of Science, Technology, and Innovation, Dr. Ogbonnaya Onu, has said inclusive energy transition will boost social and economic prosperity in Africa. Onu said this while calling for inclusive energy transition in Africa during the virtual meeting organised by the International Renewable Energy Agency in his office in …

Oluwasina Phillip The Nigeria Export Processing Zones Authority has said it is on the verge of convincing the Ministry of Solid Minerals and the Gemological Institute of Nigeria to jointly adopt the free trade zone model to customise the exploration, refining, production and the marketing of variety of expensive gemstones. The …

The Federal Operations Unit (FOU), Zone A of the Nigeria Customs Service (NCS) seized 82,171 bags of foreign parboiled rice (135 trailers) in 2021. The Acting Controller of the Unit, Deputy Comptroller Hussein Ejibunu revealed that the Duty Paid Value (DPV) of the seizures was N7.8billion. He noted that the …

Ebuka Daniel The Standards Organisation of Nigeria (SON) has announced plans to standardise the nation’s oil and gas sector in its bid to enhance products and services quality attainment in the sector beginning from 2022. The Director General, SON, Mallam Farouk Salim, gave the indication in Abuja while inaugurating a …

Ololade Omosan-Agie Federal ministers and heads of agencies have reported the creation of 2.1 million jobs under the Economic Sustainability Plan of the Buhari Administration. Other highlights of the first meeting of the initiative in 2022 that was held virtually and presided by Vice-President Yemi Osinbajo, include the approval of …