Export

The Department of Petroleum Resources (DPR) on Friday debunked claims that the exact volume of crude oil produced in the country was not known.

The World Trade Organisation (WTO) says Nigeria is the number one importer of commercial services in Africa.

Lesotho start-up MG Health has become the first African cannabis-grower to win European Union permission to export cannabis flower for medicinal use - which can range from relieving chronic pain to treating spasms caused by multiple sclerosis.

The ground-breaking of the proposed 200,000 barrels per day BUA Refinery will hold later this year, even as the BUA Group and Axens of France signed a progress acknowledgement statement on the project in Lagos yesterday.

The Nigeria Police Force, NPF, has arrested five persons, Lawal Abiola; Afeez Rasaq; Akeem Gbolahan; Idowu Jelili and Safiriyu Oyebanji over alleged involvement in the stealing of a 40-foot container of Cocoa worth N55 million meant for export to the United States of America, USA.

Mr Rotimi Amaechi, Minister of Transportation, on Tuesday described the rail mode of transportation as the awakening giant that would run government.

Analysts have expressed concerns over a recent claim that the federal government resorted to printing money to augment the monthly allocation to the three tiers of government, warning that it could heighten inflationary pressure with dire consequences for the country’s exchange rate and economy.

The execution of the nation’s $2.8 billion Ajaokuta-Kaduna-Kano, AKK gas pipeline project was boosted, weekend, through the delivery of 96 pipes from Warri to Itakpe in Kogi state.

Dr Titus Okunrounmu, former Director, Budgeting Department, Central Bank of Nigeria (CBN), says Nigeria’s economy can grow by between seven per cent and 10 per cent annually if the necessary measures are put in place.

Minister of Agriculture and Rural Development, Sabo Nanono, says Nigeria generated 150 million dollars from the export of coconut oil and its derivatives in 2020.

A drug trafficker, Goodluck Igbineweka Odeh, has been intercepted at the Nnamdi Azikiwe International Airport, Abuja, NAIA, with 2 kilogramme of heroin, which has a street value of N564 million, concealed in the lining of false bottom of his suitcase.

One of Nigeria’s popular musicians, Oladapo Oyebanjo, popularly known as D’banj has advocated the use of intellectual property as collateral for obtaining bank loans.

Nigeria hopes to receive up to 70 million doses of the Johnson & Johnson COVID-19 vaccine this year through the African Union (AU), its primary healthcare chief told Reuters, amid concerns about delayed deliveries of AstraZeneca shots.

A military unit tried to seize the presidential palace in Niger’s capital Niamey overnight in an attempted coup but it was pushed back and order has been restored, the government said on Wednesday, days before a handover of power.

The Nigerian Export Promotion Council (NEPC) has urged entrepreneurs in the country’s South-east to participate in the federal government’s Export Development Fund (EDF) scheme.

Australia unveiled a plan on Wednesday to partner up with a global arms manufacturer and build its own guided missiles to boost the country’s defence capabilities.

President Muhammadu Buhari; Minister of State, Petroleum Resources, Chief Timipre Sylva; and the Secretary-General, Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, yesterday underscored the need to drive the country’s economic development by tapping Nigeria’s enormous gas resources.

The immediate-past Commander of the Joint Task Force (JTF) in the Niger Delta, Rear Admiral Akinjide Akinrinade (rtd.), yesterday said the security outfit foiled 1,291 attacks on three crude export pipelines in the past two years.

Chief Timipre Sylva, Minister of State for Petroleum Resources, says that President Muhammadu Buhari has the political will to ensure that Nigeria becomes a gas nation with its huge deposit of gas.

Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted illicit drugs worth over N2 billion at the Murtala Mohammed International Airport, (MMIA,) Ikeja, Lagos.

Managing Director of Nigeria Export-Import Bank, NEXIM, Alhaji Abba Bello, says Nigeria needs more functional port terminals to facilitate the export and import of goods, ease the Apapa gridlock, and also expand economic growth and development in other parts of the country.

Nigeria and other African nations could play a central role in efforts by India to diversify its sources of oil and gas, India’s Oil Minister, Mr. Dharmendra Pradhan, said yesterday, as the nation strives to reduce its energy reliance on the Middle East.