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Covid-19: US ports expect drop in imports

Covid-19: US ports expect drop in imports

  Imports at major U.S. retail container ports are expected to see a sharper-than-usual drop this month amid the ravaging coronavirus disease (covid-19) causing...

Nigeria imports N183bn cassava derivatives annually 

Nigeria imports N183bn cassava derivatives annually 

  In spite of being the world’s largest cassava grower, Nigeria still spends about $600m (about N183bn) annually to import cassava derivatives; foreign exchange...

Nigeria imports 1.1m tones of onion annually

Nigeria imports 1.1m tones of onion annually

  Nigeria imports 1.1 million tones of onion every year despite being the second largest onion producer in Africa after Egypt.  The President, Regional Observatory...

CBN Governor, Godwin Emefiele.

Emefiele defends CBN’s forex restriction on imports 

  The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has said that the current foreign exchange restriction policy of the apex bank was not restricting...

US retail imports to surge again ahead of more tariffs

US retail imports to surge again ahead of more tariffs

Imports at major retail container ports in the U.S. reached unusually high numbers just before new tariffs on goods from China took effect September 1 and are expected...

Exports fall, imports flat as trade war hits Southern California ports

Exports fall, imports flat as trade war hits Southern California ports

The U.S.-China trade war is pounding the San Pedro Bay ports. Import volumes were essentially flat year over year in July as exports declined 5.1%. The ports of Los...

DP World introduces intelligent container storage system

U.S. retail imports remain despite tariffs

Imports at the United States of America major retail container ports are expected to continue at near-record levels this month and the remainder of the year despite a...

Ghana-now-sells-petrol-to-Nigeria-300x200 (1)

Nigeria imports 5.61bn litres of petrol in 3 months 

The National Bureau of Statistics said 5.61 billion litres of premium motor spirit (PMS) was imported into the country in the second quarter of 2019. The NBS disclosed...

Port of Los Angeles

Imports at Ports of Los Angeles, Long Beach fall in May

The Los Angeles and Long Beach port complex – the No. 1 hub for U.S. ocean trade with China – processed 6.3% fewer inbound cargo containers in May, signaling that...

Stakeholders kick against 0.2% levy on imports from AU countries

Stakeholders kick against 0.2% levy on imports from AU countries

  Maritime industry stakeholders have kicked against the 0.2 percent import levy imposed by the Federal Government on goods emanating from other countries under the...

Nigeria to save N4tr from imports' cutback for 3 years - Minister

Nigeria to save N4tr from imports’ cutback for 3 years – Minister

Nigeria stands to save N3.6 trillion as well as generate 4.4 million jobs, if it cuts down on the importation of goods and services for three years, Minister of Science...

Zambia to enforce 5% duty on copper concentrate imports

Zambia to enforce 5% duty on copper concentrate imports

  Zambia’s Mining Minister, Richard Musukwa, on Monday vowed to enforce a 5 percent import duty on copper produced from rough ore. Musukwa made this known on...