In spite of its huge potential in production of perishable products, Nigeria currently lacks the conditioning centres as the cold chain in exporting the products. The country is noted for its global leadership position in the production of yam and cassava tubers, shea nuts cocoayam, Sorghum melon seed, kola nut and other agricultural produce, but […]
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Oil rose on Tuesday, supported by gains in equities and supply concerns in Norway and Libya,. Brent crude futures hit a session high of 79.51 dollars Oil reports correlation expert says Brent races to 100 dollars, in spite of despicable manipulations. United States crude futures rose to settle at high of 74.70 dollars. All three […]
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China has banned exports to North Korea, items that can be used for the manufacture of weapons of mass destruction (WMD). The 32 “dual-use” items China’s commerce ministry said, said include radiation monitoring equipment and software that can be used to model fluid dynamics or neutrons. China said that its action was in line with […]
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A report released by the National Bureau of Statistics, NBS, has shown that Nigeria earned N3.738 trillion from the export of crude oil and petroleum products in three months, from October to December 2017. The NBS, in its Foreign Trade Statistics for the Fourth Quarter of 2018, stated that petroleum products export accounted for 95.58 […]
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Kenya will start exporting oil on commercial scale in the next five years, Africa-focused oil and natural gas producer Tullow Oil said on Wednesday. Tullow said extended well tests, water injection tests, well interference tests and water-flood trials have proved helpful for planning the development of the oil fields. “The exploration and appraisal campaign in […]
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The federal government has said it is targeting to export about 480 tonnes of yam, equivalent to 20 container monthly in 2018. The Technical Committee on Nigeria Yam Export Programme revealed this on Monday in Abuja. Simon Irtwange, the chairman of the committee, told newsmen that the target would be achieved if all the challenges, which […]
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