•Comptroller General of Customs, Adewale Adeniyi The imposition of a four per cent increase in charges on all consignments imported into the country by the Nigeria Customs Service (NCS), last week, drew disapproval from manufacturers, economists and other stakeholders at the weekend. The stakeholders said the hike could plunge Nigerians into d...
The Manufacturers Association of Nigeria (MAN) has said that N3.04 trillion was spent on importation of raw materials for industrial activities in 2023, noting that the manufacturing sector is capable of contributing over 80 percent of the country’s non-oil export if the potentials are properly harnessed. Director General of MAN, Segun Ajayi-K...
•Dangote Refinery Ghana may shift to purchasing petroleum products from Nigeria’s Dangote Oil Refinery once it reaches full operational capacity, potentially cutting its $400 million monthly fuel imports from Europe. This move could signal a significant cost reduction for Ghana and reinforce regional trade in Africa, reports Nigerian Tribune. ...
•Managing Director and Group Chief Executive Officer, NNPCL, Mele Kyari The Nigerian National Petroleum Company Limited has demanded a refund of N4.71 trillion from the federal government to settle outstanding debts used to import Premium Motor Spirit, popularly called petrol, into the country. The claim was listed as “Exchange rate differenti...
•Dollar and Naira notes The importation of manufactured goods into Nigeria surged astronomically by 139 per cent, year-on-year (YoY), to N5.4 trillion in the first quarter of 2024 (Q1’24) from N2.40 trillion in the corresponding period of 2023 (Q1’23). Stakeholders have attributed the development to the depreciation of the Naira and the compet...
•Minister of Agriculture, Abubakar Kyari. The federal government, yesterday, announced a 150-day duty-free import window for food commodities as it stepped up efforts to tackle rising inflation which had impoverished many Nigerians. The government also expressed its decision to collaborate with states to expand land cultivation across the coun...
•Alex Otti The Abia State governor, Alex Otti, has made a case for the establishment of agricultural ventures across Nigeria as a panacea to food insecurity. While underscoring the need for all to embrace agriculture for sufficiency, Otti highlighted that a whooping N7.8 trillion was spent by the Nigerian government on food imports over the [&...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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