Beijing, Dec. 7, 2022 (Reuters/GBN) – China’s exports and imports shrank at their steepest pace in at least 2-1/2 years in November, as feeble global and domestic demand, COVID-led production disruptions and a property slump at home piled pressure on the world’s second-biggest economy. The downturn was much worse than markets had forecast, and economists are predicting a further period of declining exports, underlining a sharp retreat in world trade as consumers and businesses slash spending in response to central banks’ aggressive moves to tame inflation. Exports contracted 8.7 per …
Trade between the UK, Nigeria stands at 5.5 billion pounds
Abuja, Nov. 29, 2022 -The volume of trade between the United Kingdom and Nigeria Nigeria has risen to 5.5 billion pounds annually. The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo and Uk Trade Envoy to Nigeria, Helen Grant confirmed the figures in a statement at the 8th ministerial meeting of the United Kingdom-Nigeria Economic Development Forum (EDF) According to the statement, the total trade in goods and services (exports plus imports) between the UK and Nigeria currently stands at 5.5 billion pounds. “Of this 5.5 billion pounds, total UK …
Anambra to enact laws to check fire outbreaks
Onitsha, Nov. 29, 2022 – Gov. Chukwuma Soludo of Anambra State says the state government will enact laws and take other measures to reduce fire outbreaks in the state. Soludo said this on Tuesday at the scene of a fire incident on Kano Street beside the Main Market in Onitsha. The governor, who was represented by his Deputy, Onyekachukwu Ibezim, advised traders to always insure their goods to reduce effects of fire incidents at markets. He said the visit was to physically assess the extent of damage and offer advice …