Trade Archives — Page 8 of 10 — City Business News

September 19, 2017 No Responses

Customs impounds Dangote truck with N47m smuggled poultry products

The Nigeria Customs Service (NCS) has impounded a truck in Ogun State belonging to Dangote Cement with about 3,000 cartons of smuggled frozen poultry valued at over N47 million. NCS Comptroller in Ogun State, Sani Magudu, explained on Monday...

September 15, 2017 No Responses

Nestle acquires coffee firm for $500m

Nestle has bought control of the California based specialty coffee business Blue Bottle Coffee. The Swiss food and drink multi-national acquired a controlling stake for a reported price of $500m (£370m) . With its Nescafe instant coffee and Nespresso brands,....

September 12, 2017 No Responses

Customs intercepts 1,100 pump action rifles

The Nigerian Custom Service (NCS) Tin-Can Island Command has impounded 1,100 pump action rifles. This bring to a total of about 2110 pump action rifles so far impounded in Lagos in the last seven months. The Comptroller General of the...

September 5, 2017 No Responses

Iyalode Alaba Lawson resumes as Advisory Board Chairperson of US-Nigeria Trade Council

The US-Nigeria Trade Council (USA) has announced Iyalode Alaba Lawson as its new Chairperson. According to the Council, Iyalode Alaba Lawson is to provide leadership and overall guidance and direction, in the programs, policy and strategic efforts to impr...

August 22, 2017 No Responses

LCCI, SME Group to hold annual seminar on ease of doing business

The Small and Medium Enterprise (SME) Group of the Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organized private sector (OPS) in Nigeria, is set to hold its annual seminar....

August 22, 2017 No Responses

IITA-CWMP signs agreements with 136 farmers

The International Institute of Tropical Agriculture led Cassava Weed Management Project (IITA-CWMP) has commenced signing of agreements for the setting up of 136 demonstration plots with farmers across four states in Nigeria. The for states are Abia, Ben...

August 9, 2017 No Responses

Edo to set up export processing centres

The Governor of Edo State, Mr. Godwin Obaseki, has announced plans by his administration to set up Export Processing Zones in the state. He made the announcement when members of the Edo State Exporters Cluster, paid him a courtesy visit...

July 27, 2017 No Responses

NSE Photo News

L – R:Sanusi Musa, Securities and Exchange Commission (SEC) Nigeria; Godstime Iwenekhai, The Nigerian Stock Exchange (NSE); Tinuade Awe, General Counsel and Head, Regulation, NSE; Kencho Omojafor, Medview Airline Plc and John Bentur, Securities and Exchange ...

July 19, 2017 No Responses

UBA lifts NSE’s activity chart

The United Bank for Africa (UBA) on Tuesday sustained its growth profile on the floor of Nigerian Stock Exchange (NSE) with a turnover of 2.09 billion shares valued at N19.76Billion. At the end of trading activities on Tuesday, a total...

July 5, 2017 No Responses

Citibank grants N500m loan for microfinance development in Nigeria

Citibank Nigeria has extended a loan of N500 million to Accion Microfinance Bank (Accion MFB) in Nigeria to drive and promote the development of the microfinance sector in Nigeria. This loan will fund Accion’s loan portfolio and support the...

July 3, 2017 No Responses

Gulf of Guinea Piracy Raises Concerns among EU Shipowners

Continued piracy, armed robbery attacks and kidnapping for ransom events in the Gulf of Guinea (GoG), and particularly off Nigeria, are still worrying European shipowners. According to the latest International Maritime Bureau (IMB) Piracy report in total 33 v...

June 29, 2017 No Responses

Nigeria explains availability of yams for local consumption as export to Europe begins

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh has assured Nigerians that “There is no need to panic about the possible non-availability of yams for local consumption” as export begins. According to the Minister, “There has neve...

June 18, 2017 No Responses

Certified yams from Nigeria arrives in U.S as Senegal, Mali indicate interest

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh was in a celebration mood on Saturday as he announced the successful arrival of the first consignment of certified yams from Nigeria to the United States of America (USA). ...

June 13, 2017 No Responses

Export of certified yams from Nigeria to U.S, U.K, begins June 29

Barring any last minute adjustment, Nigeria will formally export its first consignment of certified yams to the United Kingdom and United States of America on the 29th of June, 2017. According to the Minister of Agriculture and Rural Development,...