Tag: Trade

Edun: ECOWAS Single Currency Will Boost W’African Economy
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 foster...
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NSC Resolves 1,878 Trade Disputes In Four Years
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 ...
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Export: NCS To Facilitate More  Trade Through AfCFTA, AGOA
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...
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CGC Tasks Newly Promoted Officers On Revenue, Trade Facilitation
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...
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Nigeria Customs, China Sign MoU To Enhance Trade
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...
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At WCO Conference In China, CGC Adeniyi Harps On Capacity Building, Trade
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...
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Oil Firms: CBN Relaxes Restriction On Repatriation Of Forex
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,...
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India Signs $100b Free Trade Deal With Four Countries
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),...
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Experts Propose Advancing AfCFTA  Implementation As Theme Of Next Conference Of Ministers
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...
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Shippers’ Council, Lekki Port To Strengthen Relationship, Boost Trade
December 2, 2023 No Responses

Shippers’ Council, Lekki Port To Strengthen Relationship, Boost Trade

The Nigerian Shippers’ Council (NSC) has reiterated its commitment to work with the management of Lekki Deep Seaport as part of measures to promote seamless movement of cargoes. The Executive Secretary and Chief Executive Officer of NSC, Barr....
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At IATF 2023, Ecobank Group Champions Intra-African Trade Growth
November 14, 2023 No Responses

At IATF 2023, Ecobank Group Champions Intra-African Trade Growth

Ecobank Group has said it is positioned as the ‘go to’ bank for payments and trade in Africa. Eric Odhiambo, Group Executive, Corporate and Investment Banking, Ecobank Group who was speaking on the ongoing Intra-African Trade Fair 2023 (IATF 2023) tak...
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Dangote Implores African Countries On Trade Barriers
May 2, 2023 No Responses

Dangote Implores African Countries On Trade Barriers

President of the Dangote Group, Aliko Dangote has urged African countries to dismantle all economic barriers hindering free trade among the nations, in order to achieve sustainable growth and development across the continent. The leading private sector player ...
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U.S.-Africa Trade Council Holds Global Summit In October
February 18, 2023 No Responses

U.S.-Africa Trade Council Holds Global Summit In October

The U.S.-Africa Trade Council (USAfriTC), along with partner organizations across Africa, United Kingdom and United States, is to hold the next edition of the U.S.-Africa Trade and Investment Global Summit (USATIGS) on October 18-21, 2023, in Atlanta, Geo...
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<strong>Price Cap On Russian Refined Fuels To Disrupt Trade</strong> 
February 3, 2023 No Responses

Price Cap On Russian Refined Fuels To Disrupt Trade 

The European Union’s ban on imports of Russian refined oil products, including diesel and jet fuel, will disrupt global flows once it takes effect on Sunday and could hurt Moscow more than an embargo on crude oil.  Although Western sanctions...
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