The Vice-President of Nigeria, Prof. Yemi Osinbajo says the country will stop importing rice by next year. According to Laolu Akande, senior special assistant to the president on media and publicity, Osinbajo said this on Sunday at the palace of Musa Dogonkadai, the Seriki of the Hausa community in Agege, Lagos. He said leaders of […]
Continue Reading
The construction of the 650,000 barrels of crude oil per day by Dangote Refinery is expected to help Nigeria save over N2.7 trillion ($7.5 billion) through import substitution. The project, will put Nigeria on the global map as major oil and gas hub in Africa, the Group Executive Director, Devakumar Edwin has hinted. Nigeria currently […]
Continue Reading
A Federal High Court in Lagos, on Friday, sentenced a businessman, Ifeanyi Ezeanwu, to five years imprisonment, over importation of a container load of Tramadol and other sex enhancing drugs. The convict was sentenced by Justice Hadiza Rabiu-Shagari, after the National Agency for Food and Drugs Administration Control (NAFDAC) had reviewed the facts of the […]
Continue Reading
The Federal Government says it will shut down the land border between Nigeria and a neigbouring country in a few days time to avoid smuggling of foreign rice into the country. Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, made the disclosure in Abuja on Monday while speaking with youths in a leadership […]
Continue Reading
The National Bureau of Statistics (NBS) says Nigeria’s capital importation in the first quarter stood at 6,303.63 million dollars. The NBS stated this in the Nigerian Capital Importation for First Quarter for 2018 released on Friday in Abuja. The bureau stated that the value of capital imported in the quarter recorded an increase of 594.03 […]
Continue Reading
The Tincan Island Command of the Nigeria Customs Service has detained one suspect in connection with importation of 40 and 20 feet containers loaded with Tramadol tablets allegedly smuggled from India. The controller of the Command, Musa Abdullah, said on Tuesday that the seizure came against the backdrop of the ban on codeine syrup by […]
Continue ReadingThe News Agency of Nigeria, NAN reports that the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, said that importation of rice and wheat gulped over N1 trillion in foreign exchange annually.Emefiele said this on Thursday in Jibia, Katsina State, at the launch of CBN Anchor Borrowers Programme and 2016/2017 Dry Season […]
Continue ReadingThe Pharmaceutical Society of Nigeria has spoken about the effect that foreign exchange scarcity in the country is having on manufacturing and importation of drugs to the country.It was categorically stated that if the Federal Government fails to take measures to tackle the crisis, it could lead to a “national health calamity” among Nigerians. The […]
Continue Reading