Business

Customs bans import, export of goods through land borders

Ihesiulo Grace 14 October 2019 0

Col. Hameed Ali (rtd), the Comptroller-General of Nigeria Customs Service (NCS), has said that the closure of the nation’s borders had saved 10.2 million litres of Premium Motor Spirit (PMS), from being smuggled out. Hameed Ali, at a press conference in Abuja on Monday. also said no item can be

Business News

How 17 inactive free zones can unlock $30bn revenue for Nigeria

Ihesiulo Grace 11 October 2019 0

According to a publication on the website of the Nigeria Export Processing Zones Authority, there are about seventeen inactive zones, located in different states of the country. These zones have different specialty in science and technology, oil and gas manufacturing, trading and warehouse, marine logistics and support services for offshore oil repairs. Other specialties

Business Headlines News

Foreign trade : Nigeria’s total export hits N3.6trn in nine months

Ihesiulo Grace 13 December 2017 0

… Imported good drops by 9.41%-NBS The National Bureau of Statistics (NBS) has said that Nigeria total exports in the third quarter of 2017 has recorded N3.57trillion, representing 15.19 per cent growth, compared to the second quarter of the same year, while showed a 53.85 per cent growth compared to the third quarter in 2016. […]

News

Yam exports to U.S., Britain in June record 90%, 50% success – Synergos

Ihesiulo Grace 18 November 2017 0

Mr Adewale Ajadi, the Country Director, Synergos Development Innovations, on Friday said that yam exports to the U.S. and Britain in June recorded 90 per cent and 50 per cent success respectively. Ajadi said this in an interview with News Agency of Nigeria (NAN) in Lagos. Synergos, a global non-profit organisation, is providing cooling and […]

Opinion

How govt can create millionaires from entertainment sector

Ihesiulo Grace 7 November 2017 0

Funding is the most critical component in growing any business, the entertainment business is no different. Entertainment entrepreneurs are the most disadvantaged of all Entrepreneurs in Nigeria because banks, Private Equity and Venture Capitalist Firms in Nigeria refuse to put their capital in the entertainment space. A huge majority of Entertainment Entrepreneurs in

Business News

Poverty: Afreximbank’s president urges countries to de-emphasise grants, aids

Ihesiulo Grace 12 October 2017 0

President of the African Export-Import Bank (Afreximbank),Dr. Benedict Oramah, said in New York yesterday, that African countries should lay far less emphasis on grants and aid in order to pull themselves out of poverty, which has been their development bane over the decades. Delivering a lecture titled: “A Path to Making Africa Great Again,” at […]

Business

Crude oil export sale: Nigeria earns over $100m in December 2016

Ihesiulo Grace 20 February 2017 0

Nigeria has recorded an earning of over $100 million from crude export in December 2016 alone. According to the Nigerian National Petroleum Corporation (NNPC’s) newly released report for December 2016, obtained by Daily Times, crude oil export sales contributed $100.37 million (or 51.36 percent) of the dollar transactions compared with $96.31 contribution in the previous

News

Food Security: Gov Bello cautions against export of food items

Ihesiulo Grace 12 December 2016 0

Governor Abubakar Sani Bello of Niger state has called for caution in the freighting of essential farm produce to neighbouring countries for monetary gains at the expense of the masses, saying the act is capable of undermining national security. He made this call at the weekend during the commissioning of a modern integrated rice processing and […]

Business

BOI, firm collaborate on gem stone development for export

Ihesiulo Grace 29 November 2016 0

The Bank of Industry (BOI) and Laurel School of Mines (LSM) have partnered to develop gem stones production in Nigeria for export. ‎BOI noted that the partnership is the boldest initiative the Development Finance Institution (DFI) has taken so far in the solid minerals space in the country. Acting ‎Managing Director, BOI, Mr. Waheed Olagunju, during […]

News

Ban export of Nigeria’s grain, Tambuwal tells FG

Ihesiulo Grace 21 November 2016 0

Against the backdrop of concerns in some quarters of outbreak of famine in Nigeria next year, Governor Aminu Waziri Tambuwal of Sokoto state has urged the Federal Government to immediately stop the export of food items to neighbouring countries, especially through the land border.Speaking in Isa LGA of the state at the flag off of […]