December 10, 2019

The federal government has condemned the renewed attacks on Nigerian traders in Ghana, describing it as uncalled for.

There were reported cases of clashes between Ghanaian and Nigerian traders on Monday which resulted into the arrest of six while others sustained injuries.

It was also alleged that the fight followed the closure of shops belonging to some Nigerian traders at the Kwame Nkrumah Circle in Ghana.

However, the Chairman, Nige...

November 18, 2019

The Dangote Industries Limited and the Government of Togo (GoT) have concluded an agreement to develop and transform Togolese phosphate into phosphate fertilizers for the West African sub-region.

The move is aimed at improving consumption of the product in Africa.

With over two billion tonnes of phosphate reserves, Togo is one of the leading phosphate producers in Africa.

By partnering the Dangote Group, the country intends to benefit...

November 1, 2019

President Muhammadu Buhari has met with the United States' Treasury Secretary, Steven Mnuchin, to request for additional capital from the US development finance institutions to upgrade critical infrastructure in Nigeria.

A statement yesterday by a presidential spokesman, Malam Garba Shehu, said both men, who met on Wednesday in Riyadh, Saudi Arabia had positive discussions on investments in Nigeria under the new United States Interna...

November 1, 2019

Rice importers would be ordered to cease their trade in three years if everything goes as planned, Ghana's Agric Minister, Dr. Owusu Afriyie-Akoto, has said.

The same applies to persons who import poultry products.

The policy, if implemented would also be similar to the situation with Nigeria, its neighboring country.

Afriyie-Akoto said the government was working fervently to "establish the local capacity" to meet demand.

Speaking on Jo...

October 23, 2019

Nigeria, Wednesday in Sochi, Russia, signed a memorandum of understanding (MoU) with Russia for the modernisation, development of railway infrastructure, rehabilitation of the existing Nigerian Railway Corporation (NRC) rolling stock-fleet and upgrading of workshops across the country.

The MoU involves two Russian firms: Russian Joint Stock Company Russian Railway (JSCRR) and Transmash Holding, a private rolling stock manufacturing c...

October 21, 2019

Comptroller General of the Nigeria Immigration Service (NIS), Mr. Mohammed Babandede, has said the partial closure of Nigeria’s border with neighboring countries was not aimed at distorting relationships or economic activities of any member states of the Economic community of West African States (ECOWAS), but for national security and economic development of the Nigerian state.

Babandede said the partial land, sea and air closure pol...

October 7, 2019

Dangote Tomatoes Processing Plant has established a N3 billion Green House nursery in Kano, designed to process over 300 to 350 million tons of hybrid tomato seedlings expected to make Nigeria self-sufficient in tomatoes production.

The Managing-Director of the Farm, Mr. Abdulkarim Lawal Kaita, said that the Green House Nursery would facilitate increased production of high quality seedlings which the company plans to roll out to toma...

October 1, 2019

The federal government yesterday disclosed that the South African government has granted the request of the Nigerian private airline, Air Peace, to commence commercial flights to Johannesburg, South Africa.

The spokesperson of the Ministry of Foreign Affairs, Ferdinard Nwonye, who disclosed this in a statement, said that the approval was granted in the process of ascertaining the level of implementation of the Bilateral Air Service A...

September 25, 2019

The Managing Director of Nigerian Ports Authority (NPA) Hadiza Bala-Usman, has identified four major causes of the diversion of cargoes meant for Nigerian market to ports located in the neighbouring countries around Nigeria.

These, she listed to include the desire to escape payment of high import duties on the cargoes, the non-availability of deep sea ports in the country to welcome larger vessels, slow and frustrating cargo clearanc...

September 23, 2019

Meanwhile, President Buhari yesterday disclosed that the closure of Nigerian land borders for a limited period due to massive smuggling was already yielding positive results for the economy.

The President stated this when he received a delegation from the Nigerian Association for Chamber of Commerce, Industry, Mines and Agriculture at the State House, Abuja.

The delegation also comprised the Federation of West African Chambers of Comm...

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