FG urges youths, farmers to take advantage of border policy
The Minister of Agriculture, Sabo Nanono, has urged the Nigerian youths and farmers to take advantage of the continued border closure to explore the goldmine in agriculture.
Customs intercepts smuggled rice in gas cylinders
The Nigerian Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, has intercepted some foreign parboiled rice concealed in gas cylinders and smuggled into the country from the Benin Republic.
Border Closure: Nigeria suffers highest inflation rate since May 2018
The closure of some of the Nigerian borders has led to the increase in food prices and subsequently pushed up annual inflation in the country. The National Bureau of Statistics monthly report released on Monday showed that annual inflation was 11.61% in October, up from 11.24% in September, indicating the highest rate since May 2018.…
Nigeria must design, effect border policy to stem economic losses, says Akinwunmi
Mr. Ayodele Akinwunmi, an economist in the Corporate Banking Department of FSDH Merchant Bank Limited, spoke to CHIJIOKE NELSON on the current closure of Nigeria’s land border, which he said though temporary, but must be reviewed urgently to stem the growing tide of economic losses and insecurity in the country
Border Closure: Nigeria, Benin, Niger to form border police
Nigeria, the Republic of Benin and Niger have agreed to establish a joint border police to check the influx of foreign goods into West Africa's largest market. The three countries said in a joint communique in Abuja on Thursday evening that the joint patrol team will comprise "the police, customs, immigration, navy and state security…
Stakeholders list conditions for benefits of border closure
Stakeholders in the economy have listed critical conditions that the Federal Government must meet for Nigeria to enjoy the full benefits of the border closure.
How legitimate businesses paid huge cost for reduced cross-border smuggling
The Federal Government, through some of its agencies, have recorded some gains in the fight to curb smuggling across the country’s land borders, especially for commodities like rice and petrol. With this success comes a huge cost to the country and several businesses in terms of revenue loss.
Lagos trade fair begins today amid border closure
The atmosphere of the Tafawa Balewa Square (TBS), Lagos, was different yesterday with last-minute preparations as the 31st edition of the Lagos International Trade Fair begins today. The fair, which is being promoted by the Lagos Chamber of Commerce and Industry (LCCI), will hold from November 1 to 10
Nigeria gives condition for reopening borders
The Federal Government’s decision to shut the nation’s land borders against neigbouring countries will remain, despite any short-term losses, until they ratify Nigeria’s proposed anti-smuggling policy, according to Central Bank of Nigeria (CBN) Governor Godwin Emefiele.
Border Closure: No gain without pain, says Lai Mohammed
The Minister of Information and Culture, Alhaji Lai Mohammed says ” there is no gain without pain”, Nigerians must endure the temporary effects of the closure of the border to reap the attendant's benefits.