Trade Archives — City Business News

March 28, 2025 No Responses

Nigeria, EU Discuss €1.3b Trade Investments In Nigeria

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun and the European Union (EU) Ambassador to Nigeria, Gautier Mignot, commenced high-level discussions on strengthening EU-Nigeria economic cooperation in Abuja. A statement issued by the Finance Ministry on...

February 28, 2025 No Responses

Customs, CBN Harp On Technology-Driven Trade Reforms

The Comptroller-General of Customs, Adewale Adeniyi, has reaffirmed the Nigeria Customs Service’s (NCS) commitment to enhancing collaboration with the Central Bank of Nigeria (CBN) to facilitate trade and boost revenue generation—a development he said woul...

November 18, 2024 No Responses

Nigeria, India Harp On Investment Treaty, Trade, Cooperation

Nigeria’s President Bola Tinubu and Indian Prime Minister, Narendra Modi, have directed their officials to finalise pending bilateral trade agreements between the two countries. The leaders announced this in a joint statement issued on Sunday in Abuja at the...

November 12, 2024 No Responses

LisBon App For Transportation, Logistics, Trade, Debuts Nov 18

LisBon App, a visionary tech startup for informal transport, logistics, and trade is set for its public testing phase on November 18, 2024. A statement explained that the testing Phase will take place across Asaba, Warri, and Abraka in Delta...

November 9, 2024 No Responses

NPA To Link Export Processing Terminal, Domestic Warehouse

To facilitate Port-Hinterland connectivity and create pathways for Small and Medium Scale Enterprises (SMEs), the Nigerian Ports Authority (NPA), on Saturday, said it planned to link the Export Processing Terminals (EPTs), with the Domestic Export Warehouse (D...

July 7, 2024 No Responses

Edun: ECOWAS Single Currency Will Boost W’African Economy

Nigeria is committed to the implementation of a single currency for the Economic Community of West African States (ECOWAS), Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said. The minister said the single-currency ECO would foste...

June 26, 2024 No Responses

NSC Resolves 1,878 Trade Disputes In Four Years

The Nigerian Shippers’ Council (NSC) has successfully resolved 1,878 trade disputes between shippers and regulated service providers between 2020 and the first quarter of 2024, resulting in savings of over N3.2 billion for the nation’s economy. Head ...

June 4, 2024 No Responses

Export: NCS To Facilitate More Trade Through AfCFTA, AGOA

The Comptroller General of Nigeria Customs Service, Bashir Adewale Adeniyi has reiterated the service commitment to grow the Nigerian economy through enhanced trade facilitation tools leveraging on platforms and policies like the African Continental Free Tra...

May 16, 2024 No Responses

CGC Tasks Newly Promoted Officers On Revenue, Trade Facilitation

The Comptroller-General of Customs, Adewale Adeniyi, has decorated thirteen (13) members of his management team with their new ranks at the Nigeria Customs Service Headquarters in Abuja amidst calls to redouble their commitment and dedication to the success of...

May 12, 2024 No Responses

Nigeria Customs, China Sign MoU To Enhance Trade

The Nigeria Customs Service (NCS) has signed a Memorandum of Understanding (MoU) with the General Administration of Customs of the People’s Republic of China (GACC) to foster bilateral relationship for the enhancement of economic growth.On Wednesday, 8 M...

May 10, 2024 No Responses

At WCO Conference In China, CGC Adeniyi Harps On Capacity Building, Trade

The Comptroller-General of the Nigeria Customs Service (CGC), Adewale Adeniyi, has expressed optimism that the recently launched Pilot Authorized Economic Operator (AEO) program in Nigeria is designed to contribute to the broader objectives of the WCO in promo...

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,...

March 11, 2024 No Responses

India Signs $100b Free Trade Deal With Four Countries

India has signed a free trade agreement (FTA) with a group of four European countries that are not members of the European Union. The deal with the European Free Trade Association (EFTA) will see investments in India of $100bn (£77.8bn),...

March 3, 2024 No Responses

Experts Propose Advancing AfCFTA Implementation As Theme Of Next Conference Of Ministers

The next Economic Commission for Africa Conference of African Ministers of Finance, Planning and Economic Development (COM2025) will be held in Ethiopia in March 2025. A statement issued on Sunday explained that at the closing of the Experts Segment of...