by Itunuoluwa Adebo The United States and China have agreed to take action by mid-July to increase access for US. financial firms and expand trade in beef and chicken as part of Washington’s drive to cut its trade deficit with Beijing. The deals are the first results of 100 days of trade talks that began... Read More

.US, China, import, trade deals, trump, Xi Jinping

Hameed Ali says most Customs officers are not corrupt | YNaija.com

March 28, 2017

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Customs intercept N242.6m smuggled drugs

The Nigeria Customs Service on Tuesday disclosed that it had intercepted truckloads of smuggled imported drugs worth over N242.6m. According to the Comptroller General of Customs, Col. Hameed Ali (Retd), the drugs were concealed in 5,056 cartons, parked in two trucks on two units of 40-foot containers. The drugs identified as Tramadol Hydrochloride and Tramadol... Read More

The News Blog

Customs, import, N242m, prohibited drugs, seize, smuggled drygs

February 7, 2017

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Nigeria will stop importation of petroleum products by 2019 – Kachikwu

Minister of State for Petroleum Resources, Ibe Kachikwu has said Nigeria will stop the importation of refined petroleum products by 2019. Kachikwu made the disclosure at a public hearing on the review of petroleum pricing template for Premium Motor Spirit (PMS) organised by the House of Representatives. He said the Federal Government has revived refineries... Read More

The News Blog

Etroleum products, Ibe Kachikwu, import, nigeria

January 5, 2017

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Analysis: The Federal Government’s recent import duties hike leaves us very confused

by Mark Amaza On Monday, the Federal Government announced that it had raised import duties on what it termed as ‘luxury goods’ such as yachts and Sport Utility Vehicles (SUVs) and food items that have local alternatives like sugarcane, salt, crude palm oil, wheat flour, tomato paste, rice and cassava products. Also, packaged cement, alcoholic... Read More

Thinking Through

ban, Dangote, export, FG, hike, import, import duties, nigeria, the explainer

December 31, 2016

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Fact Check: Dear Godwin Emefiele, Nigeria doesn’t spend N1trillion on rice and wheat imports annually

by Ezinne Ajoku It was reported that Godwin Emefiele, the governor of the Central Bank of Nigeria, speaking last Thursday at the launch of CBN Anchor Borrowers Programme and 2016/2017 Dry Season Farming in Jibia, Katsina state said, “Nigeria’s import bill is exceptionally high; top four import commodities which include rice and wheat, consume over... Read More

Thinking Through

annual, CBN Governor, expenditure, fact check, Godwin Emefiele, import, rice, wheat

August 9, 2016

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Opinion: How agriculture and trade can drive Nigeria back to wealth

by Chiemezie Okeke-Ojiudu Nigeria is a diverse and rich nation; one with raw potential, human capacity, natural resources, fertile land and limitless possibilities. The giant of Africa as it were. Nigeria’s economy has suffered a server blow ever since the price of crude oil plummeted last year. This set back hit various oil producing nations hard... Read More

Buhari, economy, export, finances, import, nigeria, Oil, trade

May 9, 2016

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Ships have arrived at Lagos ports with more petrol

The Nigerian Ports Authority (NPA) has revealed that Apapa and Tin-Can Island ports in Lagos are expecting about 28 ships with petroleum products, food items and general goods from May 9 to May 26. The NPA stated that the ships are expected to deliver wheat, bulk sugar, general cargoes, kerosene, diesel and petrol among other products. 8... Read More

The News Blog

Federal Government, fuel scarcity, import, lagos, NPA, petrol, Ports

April 14, 2016

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This is how much Nigeria spends to import fuel every 4 months

An average of $1.8 billion is spent – every 4 months – on the importation of Premium Motor Spirit, into the country. This was revealed on Wednesday, April 13, by the Nigeria National Petroleum Cooperation while also apologising to Nigerians for the lingering scarcity of the product across the country. Four officials of NNPC –... Read More

The News Blog

Fuel, import, nigeria, quarterly

March 15, 2016

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Importation of petrol much more cheaper than domestic production – Ibe Kachikwu

Contrary to the belief that domestic refining of fuel would save Nigeria huge sums of money, the Minister of State for Petroleum Resources, Ibe Kachikwu, on Monday, stated that for now importing of Premium Motor Spirit (PMS) is more cheaper than producing it in Nigeria’s refineries. Kachikwu, who said this while speaking with newsmen in Abuja,... Read More

The News Blog

import, nigeria, petrol, refiene

January 7, 2016

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Saudi Arabia products banned in Iran

As the rift between the two countries deepens, Iran has banned the importation of all products from Saudi Arabia with immediate effect. A few days ago, Saudi Arabia took the first blow by cutting off diplomatic ties with Iran. According to an AFP report: “The cabinet has banned the entry of all Saudi products and... Read More

The News Blog

import, Iran, rift, saudi arabia

December 21, 2015

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Fuel Scarcity: Nigerians are paying for Jonathan’s sins – Lai Mohammed

The Minister of Information and Culture, Lai Mohammed has said that the immediate past government of Goodluck Jonathan, oil marketers and vandals should be blamed for the recurring fuel scarcity that has plagued the nation for several weeks. The persistent fuel scarcity that has lasted for weeks according to the minister is the sins of... Read More

APC, fuel scarcity, Goodluck Jonathan, import, nnpc, oil marketers, PDP, Petroleum

July 29, 2014

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N4.9bn worth of goods passed through Seme Border in first six months

by Jewel Stephen The Nigeria Customs Service (NCS), Seme Border, says it has handled exportable goods valued at N4.9 billion between January and June this year. This was disclosed on Monday, in a mid-year report made available to journalist by Area Comptroller Willy Egbudin, in Lagos. Egbudin said that goods exported were plastics, furniture,... Read More

Benin Republic, consumables, Cotonou, Customs, export, Food, Idiroko, import, lagos state, land, Nigeria export, port, sea posrt, second hand vehicles, Seme border, smuggling, vegbe, Willy Egbudin

September 11, 2012

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Too little, too late: Capital Oil faults presidential committee report, describes it as ‘indefensible’

by Akan Ido Capital Oil and Gas, one of the companies indicted by the Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments headed by Aigboje Aig-Imoukhuede, has described the reports of the committee as “very shoddy”. The management of the company in a statement released to newsmen yesterday expressed surprise that the committee... Read More

Access Bank, Aigboje Aig-Imoukhuede, Capital Oil, Fraud, Fuel, fuel subsidy, Ifeanyi Ubah, import, Oil and Gas, presidential committee

June 1, 2012

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Enjoying your imported rice? It’s 10 years old

by Stanley Azuakola As you take another spoonful of rice today, here’s something you should know. An investigation by one of Nigeria’s leading dailies, The Punch, reveals that no imported rice coming into the country is less than 10 years. Countries like Thailand, Brazil, Vietnam, India and Brazil, which export rice to Nigeria, usually keep... Read More

import, nigeria, Notore, Onajite Koloko, rice, Segun Atho

Trump triumphs: China allows US imports of beef and poultry

Customs intercept N242.6m smuggled drugs

Nigeria will stop importation of petroleum products by 2019 – Kachikwu

Analysis: The Federal Government’s recent import duties hike leaves us very confused

Fact Check: Dear Godwin Emefiele, Nigeria doesn’t spend N1trillion on rice and wheat imports annually

Opinion: How agriculture and trade can drive Nigeria back to wealth

Ships have arrived at Lagos ports with more petrol

This is how much Nigeria spends to import fuel every 4 months

Importation of petrol much more cheaper than domestic production – Ibe Kachikwu

Saudi Arabia products banned in Iran

Fuel Scarcity: Nigerians are paying for Jonathan’s sins – Lai Mohammed

N4.9bn worth of goods passed through Seme Border in first six months

Opinion: Is Nigeria a country one should die in?

Too little, too late: Capital Oil faults presidential committee report, describes it as ‘indefensible’

Enjoying your imported rice? It’s 10 years old

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