Trade

Showing: 31 - 37 of 37 Articles
General News Trade

Dangote Cement Ibese marks Community Day with social responsibility projects

By Tajudeen Atitebi Lagos, Dec. 20, 2022 – The Ibese Cement Plant of Dangote Industries launched its multi-million naira Corporate Social Responsibility (CSR) projects for host communities at its Community Day last weekend. The event, tagged “2022 Host Community Day”, was an opportunity for the company to unveil its development projects, skill acquisition programmes, scholarships, farming techniques training as well as women empowerment for its 17 host communities. More than 120 students from primary to tertiary institutions received scholarship awards, while 50 vulnerable women and widows were given grinding machines. …

Foreign Investment Trade

Afreximbank launches TRADAR Club to empower international businesses

Cairo, Dec. 19 2022 – The  African Export-Import Bank (Afreximbank) has launched Afreximbank TRADAR Club, a member-driven network aimed at empowering international businesses and executives to transform trade and investments in Africa through trusted trade intelligence and advisory. services. A statement by Afreximbank on Monday said the club was launched in Cairo on December 18, 2022.   “TRADAR Club will deliver innovative digital tools and networking opportunities, helping members to discover new markets, grow their business, save time, access dedicated expert support, post and respond to new business opportunities network, meet business/trading partners …

General News Trade

NDIC resolves 248 complaints, recovers N8.3 billion to bank customers

Kano, Dec. 9, 2022 – The Nigerian Deposit Insurance Corporation (NDIC) successfully resolved 248 complaints and recovered over N8.3 billion to bank customers between January and November this year. Mr Bello Hassan, its Managing Director, said this at the NDIC Day at the Kano International Trade Fair in Kano on Thursday. He said that the highest of 190 complaints bordered on unauthorised withdrawals, 33 complaints were on  POS issues, while 25 complaints bordered on banks fees, charges and frauds. He said the cases were reported to NDIC through its toll-free help …

General News Trade

Nigeria Customs Service in Ogun impounded N4.9bn worth of goods in 9 months – controller

Idi-Iroko (Ogun), Dec 7, 2022 – The Ogun Area One Command of Nigeria Customs Service impounded goods worth N4.9 billion between February and December this year. Comptroller Bamidele Makinde, the Controller of the Command, disclosed this on Tuesday to journalists at a briefing on the activities of the command in Idi-Iroko. He said that the command generated N58, 676,751 from import duties and auction sales of petroleum products. Bamidele said the command intercepted 16,224 kegs of petrol, and 99 vehicles used as means of conveyance of smuggled goods during the …

Foreign Trade

China’s trade suffers worst slump in 2-1/2 yrs on COVID woes, feeble demand

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

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 …

General News Trade

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 …