trade
27 Nov
Vice-President Kashim Shettima has expressed satisfaction with the continuous increase in the volume of trade between Nigeria and China. This is contained in a statement issued by the spokesperson of the Vice-President, Mr Stanley Nkwocha on Wednesday. Shettima made this known when he received a delegation from China, at the Presidential Villa, Abuja. The delegation…
27 Nov
TWO of Nigeria’s key sectors, manufacturing and trade, have continued to experience a staggering decline, recording negative growth in quarter three (Q3). According to the National Bureau of Statistics (NBS), the manufacturing sector suffered an over 90 per cent decline in Q3, as nominal GDP growth stood at just 3.62 per cent (year-on-year) from 36.59…
4 Nov
Since the time both political parties-Democratic and Republican-settled for their standard-bearers, my WhatsApp updates have been awash with sound bites, internet memes, and torrents of foul-mouthed abuse from both candidates. I’m frequently questioned by friends and acquaintances about my fixation with the United States election, and I’ve had to explain how I have skin in…
30 Sep
EU member states are expected to vote on whether to slap hefty tariffs on imported electric cars from China on Friday, European diplomats said on Monday. The European Commission, in charge of EU trade policy, plans to levy additional duties of up to 36 percent on electric vehicles imported from China but the issue has…
12 Sep
The National Bureau of Statistics (NBS) says Nigeria’s total merchandise trade stood at N31,892.46 billion in the second quarter of 2024. This is according to the NBS Foreign Trade in Goods Statistics Report for Q2 2024 released in Abuja on Thursday. The NBS said the figure represented a decrease of 3.76 percent over the value…
11 Sep
The National Bureau of Statistics (NBS) has announced that Nigeria achieved a trade surplus of N6.94 trillion for the second quarter of 2024. According to the NBS’s foreign trade report, Nigeria’s exports totalled N19.41 trillion, while imports were N12.47 trillion. The trade surplus, an indicator of a positive trade balance, reflects that Nigeria’s exports exceeded…
5 Sep
Chinese leader Xi Jinping on Thursday pledged over $50 billion in financing for Africa over the next three years, promising to deepen cooperation
18 May
To enhance bilateral trade ties between Taiwan and Nigeria and explore new business opportunities between both countries, the Taiwan External
3 Jan
The Most Influential People of African Descent (MIPAD) has unveiled its inaugural "Trade Champions of African Descent Worldwide" list, recognising 100 exceptional individuals driving economic progress across continents. This groundbreaking list celebrates the achievements of Africans and their descendants who are making waves in diverse sectors like finance, technology, energy, and agriculture. From CEOs forging…
Latest
4 mins ago
The National Assembly has assured that legislative measures will be taken to guarantee substantial improvement in the promotion of the rights
9 mins ago
In the past week, stampedes have tragically claimed the lives of at least 50 people in three different parts of the country. These incidents have raised urgent concerns about safety at crowded events and how such disasters can be avoided. Ibadan funfair turns fatal On Wednesday, a funfair meant for celebration in Ibadan, the Oyo…
13 mins ago
The Middle Belt Forum (MBF) has criticized the Speaker of the House of Representatives, Tajuddeen Abbas, over plans to locate four new
16 mins ago
To address the growing army of unemployed youths in Nigeria, the Senior Special Adviser to the President of the African Development Bank (AfDB) on industrialisation, Professor Banji Oyeleran-Oyeyinka, has made critical suggestions on what Nigeria needs to do to transform unemployed youths into job creators. According to the National Bureau of Statistics (NBS), youth unemployment…
24 mins ago
A 35-year-old man has allegedly been tortured to death by policemen in Kwara State. The deceased, Tunji Jimoh, reportedly died under questionable circumstances while in detention at the state police command in Ilorin. According to information gathered, Tunji, of the Erubu/Asunnara community, died last Friday. A dependable police source (names withheld) hinted that Tunji owed…
1 hour ago
Russia said Sunday it had captured two more villages in east Ukraine, the latest territorial gains for Moscow's advancing army.
1 hour ago
The Governor of Anambra State, Chukwuma Charles Soludo, has been slammed by netizens after he shared a condolence post following a stampede that killed over a dozen citizens of the state on Saturday. The stampede happened in Okija, in the Ihiala Local Government Area of Anambra State, during the distribution of bags of rices to…
1 hour ago
The Lagos State Government has urged residents to embrace good environmental sanitation practices during and after the Yuletide in order to ensure a sustainable environment. In a statement, the Commissioner for the Environment and Water Resources, Mr. Tokunbo Wahab, said as the festive period approaches, utmost cleanliness of the environment and proper waste disposal during…
1 hour ago
When you think of mastery, excellence, style, and unrelenting creativity, one name comes to mind—Glenfiddich. On December 14th, 2024, held at the Balmoral Convention Centre, Victoria Island, the Experimental Night Concert was a full-on experience. From the moment you step in, it was clear: this night is unlike any other. The fusion of exhilarating music,…
1 hour ago
The Socio-Economic Rights and Accountability Project (SERAP) has called on Nigeria's Senate President, Mr. Godswill Akpabio, and Speaker of the House of Representatives, Mr. Tajudeen Abbas, to slash the proposed ₦9.4 billion refreshments budget for the presidency. SERAP argued that these excessive allocations should be reduced to address the country’s growing deficit and reliance on…