Nigeria’s efforts to diversify its economy away from crude oil dependency recorded a major milestone in the first quarter (Q1) as non-oil exports surged by 24.7...
The Onne Multipurpose Terminal in Rivers State has recorded a new milestone following the successful berthing of Kota Carum, a 301.43-metre container ship with a capacity...
The White House has confirmed that a 104 percent tariff on Chinese imports will take effect from April 9, making it one of the most aggressive...
Nigeria’s trade relationship with the United States faces a new challenge following President Donald Trump’s imposition of a 14 percent tariff on all Nigerian exports to...
Nigeria’s agricultural trade recorded a major shift in 2024 with exports surpassing imports for the first time in five years. Official data show that the sector’s...
Shipping operators have raised concerns over rising port charges in Nigeria and warned that excessive costs will push businesses to neighbouring countries. Following a 15 percent...
Nigerian vehicle importers may soon face higher costs as the United States prepares to impose a 25% tariff on imported automobiles. US President Donald Trump announced...
A growing number of importers are bypassing Lagos ports for Togo, Ghana and Benin as escalating charges at Nigerian ports disrupt their operations. According to people...
The Nigeria Customs Service (NCS) has suspended the implementation of the 4 percent Free-on-Board (FOB) import levy following concerns raised by businesses over the additional financial...
The United States has reignited global trade tensions by imposing new tariffs on imports from China, Canada and Mexico despite the heightened global risk due to...