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Onitsha port on ...

Stakeholders in the private sector want the immediate implementation of plan to  oncession Onitsha River port, a facility that was renovated six years ago and ready...

Eastern Ports can ...

By Izuchukwu Ozoemena It stands to reasonably argue that with the impression being created for now, the Federal Government is already bereft of ideas on how to...

EU denies ban on Nigeria’s palm oil

The European Union (EU) has denied the proposed ban on palm oil importation from Nigeria to the union.   Mr Kurt Cornelis, the Head of Cooperation, EU...

Study shows Nigeria loses $3b annually in ports inefficiency

The inefficiency in Nigeria’s ports is causing the country $3 billion annually in loses.   The annual loss is unveiled by a study entitled Nigeria: Reforming...

Eritrea mulls new port to harness potash project

 Eritrea is considering a new port on its coast line at the Bay of Anfile, located some 75 kilometres east of a Colluli potash...

Crude oil price hits the roofs

 The drop in U.S crude inventories and President Donald Trumps’ sanctions on Iran have escalated crude oil price, selling at $75 per barrel. While the...

Seme border of Nigerian customs generates $27.5m

The Seme Border of Nigerian Customs Service has generated more than $27.5 million between March 2017 and August 2018.   The outgoing Area Controller at Seme...

Nigeria dominates economies of West, Central Africa

The 3rd Annual Maritime Conference holding in Lagos has unveiled that Nigeria controls 70 per cent of the economy of West and Central Africa.   The...

Crude Oil Export: Nigeria Is Being Short Changed Through Under Declaration...

BUSINESS & MARITIME Oil companies are short changing the Nigerian government daily through under declaration of the volume of crude oil produced and shipped through fraudulent measuring the...

US gas exporters face hard times as trade war escalates

The escalating trade war could be unfavourable to America’s natural gas exporters as fast-growing buyers threaten to halt purchase this winter. 1 PetroChina, a unit of...

Only exporting countries will benefit from AFCFTA–Expert

Only exporting countries will benefit significantly from the African Continental Free Trade Agreement (AFCFTA), a financial consultant, Mrs Lolade Adesola, has said. Adesola told the News...

For the first time Uganda’s exports have surpassed its imports from...

Kenya’s enviable position as the kingpin of the East African market is under threat. For the first time, Uganda’s exports have surpassed its imports from...

Sri Lanka launches export strategy backed by FTA access, business support

  Sri Lanka will push for free trade agreements with Southeast Asian countries and introduce a trade adjustment scheme to help domestic industries transition to...

Afreximbank announces $2bn trade financing support to Angola

Dr Benedict Oramah, Preisdent, African Export-Import Bank (Afreximbank) has said the bank was organising about $2 billion trade financing support to Angola. The bank said in a...

Raise food production, agricultural investment to match population growth, U.S. tells...

The United States Consul General, Mr John Bray, on Friday called for the modernisation of the local economy particularly the agricultural sector to meet Nigeria’s population growth...

American Investors To Establish in New Export Processing Zone

A group of investors into pharmaceuticals from the United States has expressed interest to establish at the proposed new export processing zone at Kwamoso in the...

Tin Can Customs Generates N29.4bn in January

The Tin Can Island Customs Command of the Nigeria Customs Service (NCS) generated N29.4 billion in January 2018, up from N19.8 billion generated in the corresponding period...

SUCCESS STORY OF FREE TRADE ZONES IN AFRICA: FOCUS ON MAURITIUS.

Several African countries were pioneers in using Free Zones as economic development tools. Liberia and Senegal, for example established Export Processing Zones in the early 1970s....
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