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Nigeria, Angola cut oil export

African oil producers Nigeria and Angola have revised downwards their crude oil export programmes for May and June to align themselves with a global production cut deal led by OPEC, loading programmes showed.
Men load sacks of rice among other food aid in a truck, to be distributed for those affected by procedures taken to curb the spread of coronavirus disease (COVID-19), in Abuja, Nigeria April 17, 2020. REUTERS-Afolabi Sotunde

How Africa risks reeling from a health crisis to a food crisis

In Nigeria’s Benue state, the food basket of the country, Mercy Yialase, sits in front of her idle rice mill. Demand is high across the nation, but she already has mounds of paddy rice that are going nowhere amid the COVID-19 lockdown.
South African President Cyril Ramaphosa make a speech at the official funeral service of the later former Zimbabwean president Robert Mugabe on September 14, 2019 at National Sports Stadium in Harare. South Africa’s President Cyril Ramaphosa was jeered and whistled during his speech before he apologised for recent xenophobic attacks in his home country. At least 12 people have been killed this month in a surge in violence and mob attacks against foreign-owned businesses in and around Johannesburg, South Africa’s largest city.TONY KARUMBA / AFP

Cyril Ramaphosa calls for end to sanctions against Zimbabwe, Sudan to help fight coronavirus

President Cyril Ramaphosa has again called for the economic bans against Zimbabwe and Sudan to be lifted as the continent grapples with Covid-19 and its economic impact.

Nigeria cuts March crude prices as export to China shrinks

The Federal Government has slashed the price of crude oil export for the month of March as no Nigerian cargo is sailing to China in February.
Retired Col. Hameed Ali, Comptroller-General of Nigeria Customs Service (NCS), on Thursday said the closure of Nigeria’s borders by Federal Government was undertaken to strengthen the nation’s security and protect its economic interests.

Customs chief says non-compliance challenge to Nigeria’s trade

The Nigeria Customs Service (NCS) said Nigeria’s biggest problem in trade facilitation and processing was non-compliance by stakeholders.

Six governors, others for NEXIM South-South enlightenment campaign

The Nigerian Export-Import Bank (NEXIM) will hold a three-day enlightenment and engagement programme in Asaba, the Delta State capital, for the six states in Nigeria’s South-South.
Popular Nigerian rapper Onome Onokohwomo a.k.a Yung6ix took to his twitter handle to express his grievances towards Nigerian rapper MI Abaga.

Yung6ix calls out MI over nonsupport

Popular Nigerian rapper Onome Onokohwomo a.k.a Yung6ix took to his twitter handle to express his grievances towards Nigerian rapper MI Abaga.
Indian Hemp - Marijuana - Cannabis Sativa

Zambia okays Indian hemp for medicinal use, export

Zambia on Monday decided to allow the cultivation of cannabis for export for medicinal purposes, a government spokesperson said.
Dr. Ogbonnaya Onu, Minister of Science and Technology, has said that it is only knowledge-based economy that would add value and create a new lease of life for all Nigerians.

Leather industry has potential to boost foreign earnings – minister

The Minister of Science and Technology, Dr Ogbonnaya Onu, said the Nigerian leather industry has the potential to increase the nation’s foreign earnings.
E-cigarettes

India bans e-cigarettes

India has banned e-cigarettes because they endanger the health of youths in the country, the Federal Finance Minister, Nirmala Sitharaman, said on Wednesday.

Ministers Amaechi, Saraki interact with maritime stakeholders

The Minister of Transportation, Mr Rotimi Amaechi, on Thursday said that the Minister of State for Transportation, Sen. Gbemisola Saraki would personally be in charge of all maritime agencies.
FILE - Chinese Vice Premier Liu He, right, sits with U.S. Trade Representative Robert Lighthizer, second from left, and Treasury Secretary Steven Mnuchin, left, before the start of talks at the Xijiao Conference Center in Shanghai, July 31, 2019.

New US, China tariffs take effect on each other’s exports

The U.S. and China imposed new tariffs on each other's exported goods on Sunday, the latest skirmish in the lengthy and contentious trade war between the world's two biggest economies.
Nasarawa State Governor, Abdullahi A. Sule

Nigeria’s non-oil export soars to $3.16 billion

The Federal Government, on Thursday, celebrated its non-oil export commodities earnings which, it said, rose from U$1.17billion in 2016 to US$3.16billion in 2018.

SEC shuts down Ponzi scheme in Kano

The Securities and Exchange Commission (SEC) has sealed off the premises of Dantata Success and Profitable Company, Kano for engaging in illegal capital market activities,

Federal government to raise daily crude oil production by two million barrels

Emmanuel Ibe Kachikwu, the Minister of State, Petroleum Resources, has said that the Egina FPSO project, once commissioned this month, will increase Nigeria’s daily crude oil production by 200, 000 barrels.

Udoma Udoma: Federal government committed to expanding export of locally produced goods, services

The Minister of Budget and National Planning, Senator Udoma Udo Udoma says the Federal government is committed to the diversification of the country’s economy away from dependence on oil and gas.

NEXIM Bank’s N37bn agro-commodities export project takes off

The Nigerian Export-Import Bank has earmarked the sum of N37 billion to develop and support export commodities from primary production to the exporting stage nationwide.

Chinese imports from Africa hit global high in 2018

Trade import and export volumes between China and countries from Africa reached 116 billion dollars in the first seven months of 2018 – up 18.7 per cent year-on-year.

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Medical council validates four coronavirus test kits – registrar

The Medical Laboratory Science Council of Nigeria (MLSCN) says it has validated four Rapid Test Kits to determine their suitability for testing SAR-COV-2 infection popularly known as COVID-19 in the country.
Legendary reggae artiste, Majekodunmi Fasheke, aka Majek Fashek is dead. The artiste died in a New York hospital after a protracted illness on Monday about 5-45pm. He was aged 71.

Nigerian celebrities mourn deceased Majek Fashek

Nigerian celebrities have taken to their social media platforms to mourn the death of Music Legend, Majekodunmi Fasheke, a.k.a Majek Fashek.
Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.

Rwanda set to announce new coronavirus restrictions

Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.
Nigerian President Muhammadu Buhari3

Nigeria declares telecoms facilities critical national Infrastructure

In response to the yearnings of industry stakeholders to declare telecom facilities Critical National Infrastructure, President Muhammadu Buhari, has finally approved and also directed that necessary physical protective measures be put in place to safeguard telecommunications infrastructure deployed across the country.
President Muhammadu Buhari has again, addressed Nigerians on the efforts of its government to contain the coronavirus pandemic (covid-19) that is ravaging the country 4

ASCAB: President Buhari’s speech underestimate Sani Abacha’s $5 billion loot

Alliance for Surviv­ing COVID-19 and Beyond, (ASCAB), a group led by prominent Nigerian human rights lawyer, Femi Falana has said that President Mu­hammadu Buhari’s claim that late dictator, Sani Abacha, stole $1 billion con­tradicts the figures earlier released by his own officials.