Tag: Export
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How we aborted export of $8.6m- Customs DG
Comptroller General of Nigeria Customs Service (NCS), Col. Hammed Ibrahim Ali on Thursday told the House of Representatives that it was doing preliminary investigations into the ownership of the commercial aircraft hired to convey the $8.067 million out of the country. Col. Ali told the House Committee on Finance that his men acted on a…
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Nigeria rakes $416m from crude oil, gas export in one month
Figures released on Thursday by the Nigerian National Petroleum Corporation (NNPC) have revealed that in the month of June 2018, the country generated $416.07 million from crude oil and gas export sales. According to the June 2018 edition of the Monthly NNPC Financial and Operations Reports released yesterday by the state-owned oil agency, the amount…
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How oil exports, controlled imports aided Nigeria’s exit from recession – NBS
The National Bureau of Statistics (NBS) on Monday said Nigeria’s recovery from economic recession slowly began in the second quarter of 2017 (Q2 2017) mainly because of oil exports and controlled imports. The bureau disclosed this in a report published on its website titled, Nigerian Gross Domestic Product Report (Expenditure and Income Approach) 2017. Recall…
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Oil price falls to $74 as Nigeria’s exports suffer
The international oil benchmark, Brent crude, on Tuesday continued its biggest losing streak since February, falling below $75 per barrel. The downturn in oil prices came on the heels of worries that Saudi Arabia and Russia could pump more crude to compensate for a potential supply shortfall, with hedge funds reducing bullish positions in crude.…
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Cars top world’s most traded goods with N486 trillion of trade [LIST]
Cars are the top goods traded worldwide with $1.35 trillion (roughly N486 trillion) being traded each year between countries. A World Economic Forum (WEF) report revealed this, with auto parts not far behind at number four spot with $685 billion (N246 trillion) of trade. Here are the good categories, along with the total dollar value…
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Yam exporters set to ship another consignment to UK, USA
Prof. Simon Irtwang, Chairman, Technical Committee on Yam Export, on Tuesday said yam exporters were finalising processes to export another consignment of yam in the first quarter. Irtwang told the News Agency of Nigeria (NAN) in Lagos that the consignment would also be for the United Kingdom and United States of America. According to him,…
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Yam export: Local consumption, price won’t be adversely affected, FG assures Nigerians
Prof. Simon Irtwange, Chairman, Technical Committee on Nigeria Yam Export Programme, has said the exportation of yam will not affect local consumption of the produce and its price. Irtwange gave the assurance in an interview with newsmen in Lagos on Friday. He said that it was necessary to allay the fears of the citizens that…
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We’ll ban exportation of unprocessed solid mineral soon – FG
The Federal Government says it has taken measures to end the exportation of raw solid mineral by miners. Dr. Kayode Fayemi, Minister of Solid Mineral Development, who disclosed this on Tuesday in Lafia, during a courtesy visit to Gov. Tanko Al-Makura, declared that the era of mining and exporting unprocessed solid minerals “will soon be…