Nigeria will end the importation of fertilisers as expanding private-sector investments reposition the country as a hub for value-added petrochemical products, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said. The Chief Executive of NMDPRA, Saidu Mohammed, disclosed this during a facility tour of Indorama Eleme Fertiliser and Chemicals Limited in Eleme Local …
Global companies have incurred more than $35 billion in costs from U.S. tariffs heading into third-quarter earnings, though many are now scaling back earlier forecasts as new trade deals ease exposure to President Donald Trump’s levies. Trump’s trade war has driven tariffs to their highest levels since the 1930s, but recent bilateral agreements with the …
China did not import any soybeans from the United States in September, the first time since November 2018, as escalating trade tensions and high tariffs pushed buyers toward South American suppliers. According to data from China’s General Administration of Customs, imports from the U.S. fell to zero from 1.7 million metric tons in the same …
The Federal Government has ordered the immediate suspension of the four per cent Free on Board (FOB) charge earlier imposed by the Nigeria Customs Service (NCS) on all imported goods. The directive, issued by the Coordinating Minister of the Economy and Minister of Finance, Wale Edun, was contained in a letter addressed to the Comptroller-General …
By Esther Ososanya Ukraine’s trade deficit surged to $18.5 billion between January and June 2025, marking a sharp increase from the $12.4 billion recorded during the same period last year, according to fresh data released by the State Statistics Service on Thursday. The widening gap underscores the country’s ongoing struggle to balance imports and exports …
