Fish Importation Costs Nigeria $1bn Annually The Executive Director of the Nigerian Institute for Oceanography and Marine Research (NIOMR), has disclosed that the import bill of Nigeria on the importation of fish stands at about $1 billion. The Executive Director of the institute, Gbola Akande, said...

Currency Swap: Deal’ll Prevent Substandard Products Importation Says CBN The Central Bank of Nigeria on Wednesday said it was not possible for any importer to bring in substandard products into the country under the currency swap agreement recently signed with the People’s Bank of China. The...

Car Importation Revenue Drops By 20% — NPA   The Nigerian Ports Authority said on Thursday that revenue on car importation into the country dropped by 20 per cent this year, a fallout of the Federal Government’s Automobile Policy. It warned that the revenue dip was a...

Nigeria Spends N288bn On Fish Importation Annually   Following ongoing effort by the federal government to diversify the nation’s economy, it has emerged that Nigeria can save over N288 billion ($800 million) being spent on the importation of fishes annually, if the nation’s deep ocean resources...

$36.3bn Spent On Petroleum Products’ Importation In 4 Years Says CBN   The House of Representatives on Monday rejected the submission of the Nigerian National Petroleum Corporation on the fresh bid to carry out a turnaround maintenance on the country’s four refineries. A budget of $1.8bn is...

FG Bans Production, Importation Of Codeine Syrups   The Federal Government has ordered immediate ban on issuance of permits for the importation of codeine as active pharmaceutical ingredient for cough preparation.Minister of Health, Professor Isaac Adewole, who gave the directive yesterday in Abuja, said the move...