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Border Closure: Prices Of Rice, Frozen Chicken Rise

Border Closure: Prices Of Rice, Frozen Chicken Rise   The closure of the country’s borders seems to have led to increase in prices of some food items such as rice, frozen chicken and turkey. Observers say if the borders are not opened before December, it portends a...

Customs Collect N5bn Daily During Border Closure – Hameed Ali

Customs Collect N5bn Daily During Border Closure - Hameed Ali   The Comptroller-General of the Nigeria Customs Service, Hameed Ali, on Wednesday, told the National Assembly members that the agency had been raking in between N4.7bn and N5.8bn since the Federal Government closed the nation’s borders. Ali...

How Forex Restriction, Border Closure Could Unlock N1trn For Farmers

How Forex Restriction, Border Closure Could Unlock N1trn For Farmers   Despite the vast agricultural potential, Nigeria is a net food importer, with the vast majority of people engaged in agriculture operating at subsistence level. The country spends an average of US $22 billion (₦7.92 trillion)...

Border Closure Has Significantly Reduced Petrol Smuggling – NNPC

Border Closure Has Significantly Reduced Petrol Smuggling - NNPC   The recent closure of Nigeria’s borders has significantly led to a reduction in the smuggling of Premium Motor Spirit, popularly known as petrol, out of Nigeria, the Nigerian National Petroleum Corporation has said. Economic Confidential had in...

MAN, 2 Other Bodies Caution FG Against Border Closure

MAN, 2 Other Bodies Caution FG Against Border Closure   The Manufacturers Association of Nigeria and the Lagos Chamber of Commerce and Industry have called on the Federal Government not to allow the closure of the Nigeria-Benin border to jeopardise the business of entrepreneurs on that...