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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.

Farmers to get nine million yam seedlings under CBN’s Anchor Borrowers Programme

No fewer than nine million yam seedlings are to be distributed to yam farmers across the country under the CBN’s Anchor Borrowers Programme, (ABP) the Technical Committee on Nigeria Yam Export says.

Anambra government to boost spices production for local, export markets

Gov. Willie Obiano of Anambra has announced plans by the state government to boost spices production of spices for local consumption and for export.
Abuja Light Rail

Official: Abuja light rail will boost FCT economy, transport system

Transportation Secretary of the Federal Capital Territory (FCT), Kayode Opeifa, has expressed optimism that most of the transport gridlock in Abuja would soon disappear with the commissioning next Thursday by President Muhammadu Buhari, of the Abuja light rail system.

Experts: Nigeria’s minerals export grow by 565% in two years

“Talking about economic potential, we also learnt that between 2016 and 2017 the export of minerals from Nigeria grew by a staggering 565 per cent. 90 per cent of these exports are mined through ASM activities,” he said.
Lekki Free Zone

Governor Ambode: Export inflow at LFZ to hit $6b by 2020

The Lagos State Governor, Akinwunmi Ambode, on Thursday said the export inflow at the Lekki Free Zone in Ibeju Lekki area of the State is projected to hit over $6 billion (about N2.159 trillion) by 2020, adding that it was time for Nigeria to develop sustainable roadmap to rev up export with particular focus on multi-sector products far beyond oil.

NCAA reaffirms figures released on 2017 passenger traffic, revenues

The Nigerian Civil Aviation Authority (NCAA) has reaffirmed the sanctity of the recently released statistical data on the aviation industry on passenger traffic and revenues earned by both domestic and international airlines.

NEPC: Cocoa produce key to economic diversification

The Nigeria Export Promotion Council (NEPC) has urged state governments to engage in resuscitation of cocoa produce for export, to reduce over dependence on petroleum.

National Assembly urged to consult experts before making laws

The Association of Professional Bodies of Nigeria (APBN) has asked the National Assembly to always engage and consult its members in order to render expert services on public sponsored bills or amendment that border on specialised area.

Vladimir Putin says yet to see US ‘Kremlin Report’

President Vladimir Putin of Russia said Tuesday that he has not seen the so-called “Kremlin list” released by the U.S. earlier in the day, but colleagues informed him about the document.

Export promotion council set to address inadequacies in cocoa export

The Nigerian Export Promotion Council (NEPC) is set to address inadequacies and raise awareness of farmers on processing high-quality cocoa for export.

Nigeria’s export value rises 13.19% to N3.57bn in Q3

The National Bureau of Statistics has said that Nigeria’s total exports in the third quarter of 2017 stood at N3.57bn, showing 13.19 per cent increase over the amount recorded in the second quarter.

Why Nigeria export is rejected abroad – Group

Stakeholders have identified multiplicity of regulatory agencies, cumbersome documentation process, poor import infrastructure, high and duplicated charges as reasons why Nigeria exports are rejected abroad.

Senate gives firms one week to file defense over alleged N30tn leakage

The Senate Joint Committee on Customs, Excise and Tariff, and Marine Transport, has asked the over 30 companies quizzed this week over alleged complicity in the N30tn revenue loss in the import and export value chain to present their defense next week.

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Britain's Prime Minister Theresa May gives a statement outside 10 Downing Street in London on November 14, 2018, after holding a cabinet meeting where ministers were expected to either back the draft bexit deal or quit. - British Prime Minister Theresa May defended her anguished draft divorce deal with the European Union on Wednesday before rowdy lawmakers and a splintered cabinet that threatens to fall apart. (Photo by Ben STANSALL / AFP)

British premier Theresa May faces vote of no confidence

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1 Gboyega Oyetola, APC candidate in Osun governorship election, Governor Rauf Aregbesola and President Muhammadu Buhari

2019: Afenifere, Gboyega Oyetola back Muhammadu Buhari’s re-election bid

Afenifere chieftains led by Senator Ayo Fasanmi last night canvassed President Muhammadu Buhari’s reelection during a visit to Osun State Governor Gboyega Oyetola.

PDP: Simon Lalong may trigger political crisis in Plateau

The Peoples Democratic Party (PDP), in Plateau State, said Governor Simon Lalong could trigger a bloody political crisis in the state following his desperate attempt to remain in power against the wish of the people.
Enyimba Economic City

Federal government partners Abia for Enyimba Economic City

The federal ministry of industry, trade and investment says it is partnering with the Abia state government and Crown Realities Plc for the development of Enyimba Economic City.

Aliyu Wamakko trains 400 youths on business plans

The senator representing Sokoto North senatorial district, Aliyu Magatakarda Wamakko, in collaboration with the Central Bank of Nigeria (CBN), and the National Directorate of Employment (NDE), Tuesday commenced the training of 400 unemployed youths from across Sokoto State on how to effectively prepare profitable and acceptable feasibility studies and business plans.