LCCI Tasks FG On N1.97tri Q2 Trade Surplus

LCCI Tasks FG On N1.97tri Q2 Trade Surplus

The Lagos Chamber of Commerce and Industry (LCCI) has tasked the Federal Government with investments in export infrastructure and other mechanisms to sustain the country’s trade surplus of N1. 97 trillion recorded in the second quarter of 2022.  LCCI president,...
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ICC Seeks Trade Facilitation Partnership With Shippers’ Council 

ICC Seeks Trade Facilitation Partnership With Shippers’ Council 

The International Chamber of Commerce (ICC) has sought the collaboration of the Nigerian Shippers’ Council (NSC) to aid trade facilitation in Africa.  The Chairman, ICC Global Customs and Trade Commission, Mr Segun Olugboyegun made the call when he led ...
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Nigeria Decries Low Trade Level With Egypt

Nigeria Decries Low Trade Level With Egypt

Nigeria on Monday decried her low level of trade with Egypt, two economic powers on the African continent.  Nigeria’s ambassador to the northern African country, Malam Nura Rimi, noted that statistics showed that notwithstanding the sizes of the two eco...
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Shippers’ Council, CBN, UBA, Fidelity Bank, Others Harp On Trade Facilitation 

Shippers’ Council, CBN, UBA, Fidelity Bank, Others Harp On Trade Facilitation 

By Moses Ebosele, ebosele@hotmail.com   — Trade facilitation took the centre stage, in Lagos, on Saturday as key stakeholders brainstorm on challenges, existing modalities and gains recorded so far.   Speaking at the event, which forms part ...
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Nigeria, Japan Trade Volume Hits $1b 

Nigeria, Japan Trade Volume Hits $1b 

The annual bilateral trade volume between Nigeria and Japan stands at $1 billion, the Ambassador of Japan to Nigeria, Mr Matsunaga Kazuyoshi, has said.  Speaking at the 2nd Japan-Nigeria business facilitation council meeting on Friday in Abuja, Kazuyoshi expl...
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Nigeria, Turkey Trade Volume To Expand By $5b

Nigeria, Turkey Trade Volume To Expand By $5b

President Recep Tayyip Erdogan says the Nigeria, Turkey trade volume will be expanded by five billion dollars, immediately, to further boost socio-economic ties between the two countries.  Erdogan stated this when he addressed newsmen at the end of a clos...
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NSC Boss: Dala Dry Port‘ll Boost Trans-Sahara Trade, AfCFTA

NSC Boss: Dala Dry Port‘ll Boost Trans-Sahara Trade, AfCFTA

The Dala Inland Dry Port (IDP) will boost trans-Sahara trade developments and indeed the African Continental Free Trade Area (AfCFTA), Executive Secretary, Nigerian Shippers’ Council (NSC),  Emmanuel Jime has said.   A statement issued on Saturday by Mrs...
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Ecobank Partners NEXIM Bank, Unveils Trade Opportunities For Exporters

Ecobank Partners NEXIM Bank, Unveils Trade Opportunities For Exporters

Ecobank, in partnership with the Nigerian Export Import Bank (NEXIM) is hosting a breakfast meeting with exporters on Thursday, March 11, 2021 by 11am.    The focus of the meeting according to Chijioke Uzoukwu, Head of Trade, Ecobank Nigeria wou...
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LCCI Tasks Africa On Trade Opportunities Under Okonjo-Iweala

LCCI Tasks Africa On Trade Opportunities Under Okonjo-Iweala

The Lagos Chamber of Commerce and Industry (LCCI) has urged African governments to shore up their capacity for international competitiveness to fully harness the opportunities offered by the World Trade Organisation (WTO). Director-General, LCCI, Dr Muda ...
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Nigeria Ratifies Membership Of African Free Trade Zone

Nigeria Ratifies Membership Of African Free Trade Zone

The Federal Executive Council ratified Nigeria’s membership of the African Continental Free Trade Area Agreement on Wednesday in Abuja. Minister of Information and Culture, Alhaji Lai Mohammed, made this known at the end of the weekly meeting of the Council....
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South Korea, Belgium Pledge  Support For Nigeria’s Maritime Security, Trade

South Korea, Belgium Pledge Support For Nigeria’s Maritime Security, Trade

South Korea and Belgium have pledged more support for the Nigerian Maritime Administration and Safety Agency (NIMASA) in its drive to enhance trade and security in the Nigerian maritime domain.   The new Consul-General of the Korean Embassy, Kang Haenggu,...
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ICC Elects First Black Female Global Board Executive

ICC Elects First Black Female Global Board Executive

Information technology guru and founder of West Blue Consulting, Ms. Valentina Mintah has been elected to the Executive Board of the International Chamber of Commerce (ICC), at the recently held virtual 2020 World Council Meeting of the organization. Ms. Minta...
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World Trade To Decline By 32% In 2020

World Trade To Decline By 32% In 2020

The decline in world trade due to Covid-19 will likely exceed the trade slump brought by the global financial crisis of 2008 09, the World Trade Organization (WTO) said on Wednesday, with merchandise trade expected to decline 13-32% in 2020...
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U.S-Nigeria Trade Council Faults $3b Power Sector Loan

U.S-Nigeria Trade Council Faults $3b Power Sector Loan

The U.S.-Nigeria Trade Council has advised the Federal Government to stop taking fresh loans, pointing out that the country “can’t afford it any longer”.  Reacting to the proposed $3billion power sector loan from the World Bank, the council explaine...
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