Business News
Business and economic news from Nigeria and around the world.
Nigeria to explore diplomatic solutions to resolve trade issue with Ghana – Trade Minister
Consultations are on-going between both nations to ensure that the matter is resolved amicably.
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Lagos issues ultimatum to Tank Farm Operators over planning permit
The government said that only 8 out of the 41 Tank Farms existing in the State have Planning Permits.
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FG to release 30,000 tons of maize to poultry farmers after import ban
Buhari released 30,000 tons of maize from the national reserves to animal feed producers.
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FG approves $3.1 billion for automation of Customs, targets $176 billion revenue
The approval for the e-Custom modernization project followed a memo she presented to the council.
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Spain takes over from India as Nigeria’s top export destination
Spain got 14% (N310.7 billion) of the total export trade of Nigeria in Q2 2020.
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Nigeria’s total foreign trade drops to N6.24 trillion in Q2 2020, export plunges by 52%
Total import for the period stood at N4.02 trillion while total export was N2.22 trillion.
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House of Reps speaker to meet Ghanaian parliament over trade issues
Both parties would discuss ways to settle the dispute between Nigerian traders and the Ghanaian authorities.
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Lagos to construct rail line to airport terminal for international passengers
The Governor also made a case for the provision of fast, free internet connectivity within the airport.
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WTO: Dangote endorses Ngozi Okonjo-Iweala
Okonjo-Iweala has secured the endorsement of Dangote in anticipation of the position of DG of the WTO.
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Flying Doctors to raise $1 billion to invest in African Healthcare
Dr. Brown said that "investing $1bn across Africa in health is just a start."
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