Foreign Trade Hit N13.3 Trn- NBS

ABUJA/Nigeria: Nigeria’s total merchandise trade rose to N13.3 trillion in Quarter Three of 2021, representing 10.43 per cent increase over  N12.02 trillion recorded in Quarter Two, Mr Simon Harry, the Statistician-General of the Federation, has said. Harry announced this on Monday in Abuja during a media conference on the “Foreign Trade in Goods Statistics for Quarter Three, 2021”. He said that of the N13.3 trillion, export trade value was N5.1 trillion, while import trade was valued at N8.1 trillion, resulting to a negative trade balance of N3.02 trillion. According to…

NASME Set to Brainstorm On AFCFTA Potential For Enterprises

ABUJA/Nigeria: The National Association of Small and Medium Enterprises (NASME) says efforts are in place to ensure a hitch-free 18th Micro Small and Medium Enterprises summit and exhibition scheduled for Thursday and Friday in Abuja. A statement issued on Sunday in Abuja by the Executive Secretary of NASME, Mr Eke Ubiji, said that the event would provide an avenue for industry experts to discuss a regulatory framework for full participation in the African Continental Free Trade Agreement (AfCFTA) According to Ubiji, the event is expected to draw attention to the…

Apapa Customs Command Generates N89bn in November

LAGOS/Nigeria: The Nigeria Customs Service (NCS), Apapa Area Command, on Wednesday disclosed that the command had collected a record breaking total of N89, 097,888,609.00 as revenue for November. The Customs Area Controller (CAC) of the command, Comptroller Malanta Yusuf, made this known in a statement signed by the Public Relations Officer, Deputy Superintendent of Customs, Abubakar Usman, in Lagos. According to Yusuf, the amount generated is the highest monthly collection by any command of the Nigeria Customs Service (NCS). “This feat is coming after the command generated N86 billion in…

Delta Assembly Passes N478.9bn 2022 Appropriation Bill

ASABA/Nigeria: The Delta House of Assembly on Tuesday passed the 2022 Appropriation Bill of N478.9 billion, indicating an increase of N9.5 billion from N469.4 billion earlier presented by Gov. Ifeanyi Okowa. The passage of the appropriation bill was sequel to a report presented by the  Chairman, House Committee on Finance and Appropriation, Mrs Erhiatake Ibori-Suenu, during plenary of the assembly in Asaba. Presenting the report of the committee, Ibori-Suenu said that the total proposed budgetary estimate presented to the assembly by Okowa was N469.4 billion. “The breakdown includes N185.3 billion…

No Losses For Farmers Who Take Insurance Cover – IFAD

AWKA/Nigeria: Emmanuel Agwuncha, Programme Coordinator of International Fund for Agricultural Development (IFAD) in Anambra, says insurance guarantees farmers success and ability to expand in their endeavours. It also gives the same guarantees to agricultural value chain actors, he says. “I do not see any farmer failing if insurance is embraced. “Insurance gives them the confidence to explore and expand their agricultural businesses at ease. He spoke on the side-lines of the on-going three-day Federal Government/IFAD Capacity Building Training Programme for Anambra, Ebonyi, Enugu and Ogun States Insurance Suppliers and Other…

Nembe Fishermen Lament Impact Of Spill From Aiteo’s OML 29

NEMBE/Nigeria: Fishermen operating along the Santa Barbra River and Nembe creeks in Bayelsa on Wednesday lamented the adverse impact of the Nov. 5 oil leak from Aiteo’s oilfield in the area. The management of Aiteo, an indigenous oil firm which operates the Oil Mining Lease (OML) 29, says the leak remains ongoing even as it has sought foreign technical assistance to cap the leaking oil well. Meanwhile, the oil firm has said that it had yet to ascertain the volume of crude discharged into the environment. Chief Kellcy Ayebaemi-Dio, Chairman,…

LPG EXPANSION: FG To Inject 10 Million Gas Cylinders In 12 Pilot States – Osinbajo

ASABA/Nigeria: The Vice President, Prof. Yemi Osinbajo, has said that the Federal Government plans to inject 10 million gas cylinders in the next one year, through certified marketers in 12 pilot states. Osinbajo disclosed this at a two-day Liquefied Petroleum Gas (LPG) sensitisation under the theme: “Stimulating Delta state’s socio-economic growth through LPG adoption and expansion”, on Monday, in Asaba. The programme was organised by the National LPG Expansion Implementation Plan (NLEIP) under the Office of the Vice President, in collaboration with the Delta state government. Represented by Mr Dayo…

Osinbajo Commends Coca-Cola’s Commitment To Nigeria As Company Celebrates 70 Years in the Country

LAGOS/Nigeria: Nigeria’s Vice President, Prof Yemi Osinbajo, has commended the commitment of Coca-Cola group to Nigeria’s economy. Osinbajo gave the commendation in Lagos on Monday during the 70th Anniversary Gala Dinner of the Coca-Cola System in Nigeria. He said that the company had made repeated investments in Nigeria in the building of production facilities across the country, creating thousands of jobs as well as its active support of every aspect of national life. According to him, the Coca-Cola System has shown commitment in health to education, from women and youth…

IATF 2021 Closes With $36bn Recorded Deals

DURBAN/South Africa: The Intra-African Trade Fair 2021 (IATF 2021) came to an end on Sunday in Durban, South Africa, recording $36 billion deals during the weeklong event. The event held physically in Durban, South Africa, while some other participants joined virtually from different parts of the world. Speaking during the closing ceremony, Mrs Kanayo Awani, the Managing Director, Intra-African Trade Initiative in Afreximbank, said: “Let me just announce that as of now, we have $36 billion in deals concluded at IATF 2021. “This is one of the KPIs as the…

YULETIDE: Air Peace Assures More Flights – Official

LAGOS/Nigeria: West and Central Africa’s largest airline, Air Peace, has assured customers that it would roll out many flights to meet travel demand during Christmas and end-of-year celebrations. The Spokesperson of the airline, Mr Stanley Olisa, said in a statement on Friday in Lagos. Olisa said that as December approached, the airline would roll out more flights, adding that the flying public should not panic about availability. He said that Air Peace would be receiving some of its aircraft from overseas maintenance and a brand new Embraer 195-E2 jet to…