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...
The Grimaldi Group has launched the first-ever direct shipping service connecting Shanghai, China to Lagos, Nigeria. The new service is set to address long-standing challenges faced...
Exports could help expand Nigeria’s economic productivity and deepen growth across key sectors, according to Minister of Industry, Trade, and Investment, Jumoke Oduwole. Oduwole, who spoke...
Nigeria’s trade balance grew by 43.6 percent in the third quarter (Q3) of 2024 to N35.2 trillion. A positive trade balance or trade surplus occurs when...
In response to Dangote Refinery N1 billion suit, three oil companies including Matrix Petroleum Services Limited, A.A. Rano Limited, and AYM Shafa Limited, have prayed the...