Export Archives — City Business News

January 10, 2025 No Responses

CBN Stops Extension Of Export Proceeds Repatriation

The Central Bank of Nigeria (CBN) has suspended approvals for the extension of export proceeds repatriation on behalf of exporters. This directive, which was issued through a circular dated January 8, 2025, take immediate effect. The suspension applies to both...

October 20, 2024 No Responses

FG Unveils Export Skills Centre In Lagos

As part of measures to boost non-oil exports, the Federal Government has unveiled the Export Skills Acquisition Centre (ESAC) in Apapa, Lagos State. The Minister of Industry, Trade, and Investment, Doris Nkiruka Uzoka-Anite, announced the launch via her o...

September 29, 2024 No Responses

LNG: TotalEnergies, Largest U.S. Exporter, Expand Production

With over 10 million tons (Mt) exported in 2023, TotalEnergies is the largest exporter of U.S. LNG, thanks to its 16.6% stake in the Cameron LNG plant in Louisiana and several long-term purchasing agreements. Meanwhile, TotalEnergies has signed an agreem...

July 3, 2024 No Responses

At TAAM Conference, Experts Outline Blueprint For Sustainable Shipping

As Nigeria continues to harness the potential of its maritime sector, experts have advocated for sustainable practices to ensure the long-term health and productivity of its blue economy.According to various experts who spoke at the sixth edition of the Taiwo....

June 24, 2024 No Responses

Obaseki Attributes Rising Inflation To Inability To Produce, Export

The Edo State Governor, Mr. Godwin Obaseki, has linked Nigeria’s persistent rising inflation to the country’s inability to consistently produce and export goods and services, noting that the trend continues to affect the nation’s economy negatively. Obas...

June 16, 2024 No Responses

SIFAX Shipping Partners ECU Worldwide to Boost LCL Export

SIFAX Shipping Company Limited, a subsidiary of SIFAX Group, has sealed a partnership deal with ECU Worldwide, the world’s number one LCL player, to boost export activities from Nigeria.A statement issued at the weekend explained that Less-than-Container Loa...

May 10, 2024 No Responses

Tinubu Unveils Funtua Inland Dry Port, Lauds Shippers’ Council

President Bola Ahmed Tinubu has commissioned Funtua Inland Dry Port project in Funtua, Katsina State.He was represented at the official commissioning of the Funtua Inland Dry Port by the Secretary to the Government of the Federation, Senator George Akume, on.....

May 8, 2024 No Responses

Tinubu To Commission Funtua Inland Dry Port

President Bola Ahmed Tinubu to commission Funtua Inland Dry Port on Thursday, 9th May, 2024 in Katsina State.The Commissioning Ceremony will feature key dignitaries, government officials and industry stakeholders.Assistant Director, Public Relations Unit of Sh...

May 8, 2024 No Responses

Oil Firms: CBN Relaxes Restriction On Repatriation Of Forex

The Central Bank of Nigeria (CBN) has relaxed its initial restriction on the repatriation of forex proceeds by international oil firms operating in the country. In a circular dated May 6, 2024 signed by the Director, Trade and Exchange Department,...

April 18, 2024 No Responses

NPA, Customs Harp On Efficient Export Process

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko, who was recently named by President Bola Ahmed Tinubu as a member of the Implementation Committee of the National Single Window Project, on Thursday met with the Comptroller General of...

April 18, 2024 No Responses

NPA Secures $700m Citibank Loan

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko, on Wednesday signed the Mandate Letter to secure a $700m Citibank loan to be funded by the UK Export Finance, UKEF. City Business News report that the loan is to...

March 20, 2024 No Responses

Oil Palm Has Positioned Edo To Lead Nigeria’s Exports, Says Obaseki

The Edo State Governor, Mr. Godwin Obaseki, has said the Federal Government can tackle the current foreign exchange crisis by advancing fiscal policies to encourage manufacturers to boost local production and access necessary credit to boost exports of Nigeria...

January 27, 2024 No Responses

WCO Honours NPA MD, Bello-Koko

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko, has bagged a Merit Award from the World Customs Organization (WCO) on the occasion of the International Customs Day, 2024. Mohammed Bello has since appointment as MD/ CEO of NPA...

December 28, 2023 No Responses

Nigeria Firm To Export Gas To South Africa

A Nigerian-based energy company, Riverside LNG, has revealed ongoing discussions regarding a potential agreement to supply gas to South Africa from the first quarter of 2024. This would mark the first such deal between the two nations, sh...