Tag: Exports
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UK cuts tariffs on Nigerian exports
The UK government on Monday said it had cut tariffs and extended duty-free trade in goods exported from Nigeria Mr. Ben Llewellyn-Jones, Deputy British High Commissioner to Nigeria said this at the launch of the Developing Countries Trading Scheme (DCTS) which took place at Eko Hotel and Suites, Victoria Island, Lagos.
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Nigeria’s oil exports rise by 1.9 per cent in July
The volume of crude oil exported by Nigeria in the month of July 2018 increased by 1.90 percent compared to last month’s. According to a report by Bloomberg, the total exports grew to 1.64 million barrels per day (b/d) last month from the 1.61 million b/d recorded the previous month. The increase in the volume…
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Bankers committee set aside 5% profit to fund agric-business, exports
The Bankers Committee of the Central Bank of Nigeria have agreed to set aside five per cent of the Profit After Tax of the banking sector to fund the agricultural sector. The Committee also agreed that the five per cent should be used to fund non oil exports. The committee made this known at…