export

Nigeria Now A Big Exporter Of Rice, CBN Gov Emefiele Declares

August 28, 2022 2:41 am

The Central Bank of Nigeria (CBN) has declared that Nigeria has now become an exporter of rice following the impacts of its several policies and particularly its Anchor Borrowers Programme (ABP), even as it said it was working to boost the industrial capacity of the country.

CBN governor, Godwin Emefiele, who disclosed this while speaking at a seminar for Finance Correspondents and Business Editors with the theme, “Policy Options for Economic Diversification: Thinking Outside the Crude Oil-Box”, on Saturday, noted that the ABP has reversed Nigeria from depending on importing rice to now exporting rice.

“The Central Bank of Nigeria, …

Customs Bans All Import, Export Through Land Borders

October 14, 2019 1:28 pm

The Nigeria Customs Service on Monday said it has placed a ban on import and export of all kinds of goods through Nigeria’s land borders.

“For now, all goods, whether illicit or non-illicit, are banned from going and coming into Nigeria,” Hameed Ali, NCS chief, said at a press conference in Abuja.

“Let me add that for the avoidance of doubt that we included all goods because all goods can equally come through our seaports,” the customs boss said.

“For that reason, we have deemed it necessary for now that importers of such goods should go through our controlled …

Kenya ships first-ever export of crude oil

August 26, 2019 8:56 am

Kenya exported its first-ever batch of crude oil Monday, with President Uhuru Kenyatta declaring the shipment of 200,000 barrels a “special moment” in the country’s history.

The president unfurled the Kenyan flag aboard a tanker at the Indian Ocean port of Mombasa that will be carrying the oil to Asia.

“There are special moments that mark a turning point in the destiny of our nation,” Kenyatta said at the ceremony.

“The first export of crude oil by our nation, therefore, marks a special moment in our history as a people and as a country.”

The maiden shipment was purchased for …