The Federal Ministry of Agriculture and Rural Development has tasked stockfish and seafood importers on proper documentation in order to avoid illegal importation. Mr James Umoru of FMARD’s Fisheries and Aquaculture Department made the call at a one-day interactive workshop organised by the Norwegian Seafood Council on Wednesday in Lagos. The workshop had in attendance…
Rice production has been falling from the US to China to the European Union. This has resulted in the prices going up for over 3.5 billion people across the planet, particularly the Asia-Pacific region that consumes almost 90 percent of the rice in the world. The rice market globally is set to log its largest…
The trade test, which is recognised globally for skill certification, is important to help migrants gain jobs whenever they travel
Nigeria’s headline inflation rose to 22.04 percent year-on-year in March, the highest rate seen since September 2005. According to the National Bureau of Statistics, NBS, latest report represents an increase of 0.13 percent when compared to 21.91 percent February 2023 headline inflation rate. At the subnational level, “The inflation rate on a year-on-year basis was…
Iran’s leaders have invited their regional rival Saudi Arabia’s King Salman bin Abdelaziz for an official visit. The move, which is part of a rapprochement between the two countries, was announced by Iran’s Foreign Ministry spokesman Nasser Kanaani in Tehran on Monday. An invitation sent by Iran’s President Ebrahim Raisi had been accepted, he said….
Nigerian Export Promotion Council (NEPC) says the country exported 315,677 metric tons of raw cashew nuts worth $252 million in 2022 and hopes to double the earnings to $504 million. Last year, the commodity accounted for 5.24 per cent of the country’s non-oil export portfolio. This is contained in the data obtained by the NEPC…
The oil market is heading for a significant shortfall of around two million barrels per day at the end of the year as a result of a production cut by major producers, the Organisation of the Petroleum Exporting Countries (OPEC) disclosed this on Thursday. In its monthly report for April, OPEC noted the unexpected decision…
License to Posses and Purchase Minerals, Evidence of Payment of Royalty, Mineral Title
The Nigerian Export Promotion Council (NEPC), said that Nigeria exported a total of 214 products in 2022. The Executive Director of NEPC/CEO, Dr Ezra Yakusak said this at the Commerce and Industry Correspondents Association of Nigeria (CICAN) conference on Wednesday in Abuja. The conference has as its theme: “The Role of the Non-Oil Sector Toward…
Nigeria recorded $1,060 billion capital importation in the fourth quarter 2022, the National Bureau of Statistics (NBS), reported on Wednesday. According to NBS, the Q4 figure was lower than the $2,187.63 million recorded in Q4 2021, indicating a decrease of 51.51 percent. “When compared to the preceding quarter, capital importation also fell by 8.53 percent…
