Browsing Tag
Trade
8 posts
Trump Announces 20 Percent Security Levy for Strait of Hormuz Cargo
President Trump has implemented a 20 percent security charge on cargo passing through the Strait of Hormuz, declaring the U.S. as the region's guardian.
Federal Government Launches Road Upgrades in Borno to Revitalize Regional Trade
Vice President Kashim Shettima has flagged off major road rehabilitation projects in Borno State, aimed at boosting cross-border trade, enhancing regional security, and supporting post-insurgency economic recovery.
Candid Oil Services Appointed as Official Pre-shipment Inspector for Nigerian Oil Exports
The Central Bank of Nigeria has appointed Candid Oil Services Limited as the pre-shipment inspection agent for oil exports, designating Taurus Oil and Gas Depot as its primary terminal.
Nigeria Sees 21 Percent Growth in Intra-African Trade to $9.02 Billion in 2025
Nigeria's intra-African trade reached $9.02 billion in 2025, marking a 21 percent increase supported by the AfCFTA framework and improved logistical corridors.
Ogun Customs Reports ₦259.8m Earnings and ₦4.63bn in Contraband Seizures
The Ogun I Customs Command generated ₦259.78 million in revenue and seized ₦4.63 billion worth of contraband between April and June 2026, marking a significant performance increase over the previous year.
Onitsha Main Market Traders Face Hardship Following Mass Demolition
Displaced traders at Onitsha Main Market are struggling to survive after the state government demolished over 10,000 shops four months ago without beginning promised reconstruction.
Dangote Refinery Rejects Allegations of Re-importing Fuel into Nigeria
Dangote Refinery has officially dismissed reports claiming it engages in a fuel export and re-importation scheme, citing logistical costs and contractual prohibitions as evidence against such practices.
A Decade After the Vote: Assessing the Economic Toll of Brexit
A decade after the Brexit vote, data indicates that the UK economy has sustained lasting damage due to increased trade friction, investment stagnation, and bureaucratic hurdles for exporters.