Customs, agents disagree over National Single Window operations
By Godwin Oritse & Efe Onodjae There are indications of festering disagreements over the implementation of the National Single Window (NSW), a centralized digital portal launched by the Federal Government in March this year to address delays in import-export processing at the ports. It allows importers and exporters to submit trade documents once, replacing duplicate paperwork […]
Nigeria’s trade with ECOWAS countries rises 43% to N6.9trn
By Elizabeth Adegbesan Nigeria’s trade with other countries in the Economic Community of West African States, ECOWAS, by 43 percent, rose year-on-year (YoY) to N6.9 trillion in the first nine months of the year (9m’25) from N4.82 trillion in the corresponding period of 2024. Analysis of data in the Foreign Trade in Goods Statistics Report recently released […]
132 firms access N574.8bn local content funding — NCDMB
By Obas Esiedesa, Abuja The Nigerian Content Development and Monitoring Board (NCDMB) yesterday disclosed that 132 Nigerian companies have accessed N574.8 billion, comprising N51.785 billion and $359.653 million, from intervention funds established to boost indigenous participation in the oil and gas industry. The funds include the $350 million Nigerian Content Intervention Fund and NEXIM supported $50 […]
FG indebtedness to GENCOs to hit N6.4trn by 2025
By Ediri Ejoh There are indications that the Federal Government indebtedness to the power sector would hit N6.4 trillion by the end of 2025 from the current N6 trillion earlier reported in October, indicating an increase of 6.25 per cent. This came as investigation revealed that the debts which included legacy debt was incurred between 2015 […]
UBA partners CIG Motors, Lagride, launches $100m vehicle financing scheme
By Babajide Komolafe United Bank for Africa (UBA) Plc, has announced a $100 million financing partnership scheme with CIG Motors, Lagride and Lagos State Government, aimed at redefining urban mobility and promoting financial inclusion in Nigeria. By the partnership, tagged “Drive to Own”, UBA will be the key financier, offering loan subscriptions that will allow […]
Fish output jumps to 1.4m tonnes as FG intensifies blue economy push
By Folarin Kehinde, Abuja Nigeria’s local fish production has increased to 1.4 million metric tonnes from 1.1 million metric tonnes this year, signalling renewed momentum in the Federal Government’s drive to boost domestic output, cut imports and strengthen food security. Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this in Abuja at the 4th Quarter […]
