13 results for “ports”
The Financial Times' Big Read on the world's fastest-growing cities reports that Africa's urban centres are set to expand by 19 million people a year, nearly two Londons annually, with growth concentrating in a handful of hubs and spreading in unfamiliar patterns.
The Federal Government has unveiled the gazetted Nigerian Ports Economic Regulatory Agency Act 2026, directing the immediate constitution of a committee to transition the Nigerian Shippers' Council into an independent regulator of port tariffs, competition and service standards.
Nigeria uses only about 30% of its installed cocoa processing capacity, losing an estimated $2 billion a year in potential value addition, the Agriculture Ministry disclosed at a Lagos cocoa conference.
Nigeria's agriculture sector grew 4.39% in the second quarter of 2026, its strongest momentum since 2021, the Federal Government said at World Food Day.
Inconsistent export policies could hurt farmers, says LCCI's Tunde Banjoko, calling for guaranteed offtake, better storage, affordable credit and a commodity board to set benchmark prices.
The country ships raw ore while importing processed products, ceding the industrial and jobs gains that processing would create, industry observers warn.
The Agriculture Ministry and NEPC convene stakeholders to advance strategies for lifting Nigeria's cocoa and coffee output, quality and export earnings.
The Federal Government's WHEAT-NESS programme targets value chain development, MSME support and a dedicated fund as annual wheat consumption and imports hit six to seven million metric tonnes.
The Nigerian Export Promotion Council warns that exporters could lose more than $1 billion a year if they fail to meet EU deforestation rules, with cocoa most exposed.
Africa's largest economy posted a record quarterly trade surplus in the second quarter of 2026 as exports outpaced imports, with non-crude receipts now accounting for more than half of outbound trade.
The National Sugar Development Council has unveiled a $7.1 billion, ten-year investment plan to lift annual sugar production above two million tonnes and cut reliance on imports.
Ten greenfield projects form part of a $7.1 billion, 10-year programme that could reduce import demand if financing, farms and factories are delivered on schedule.
The one-month trade shift followed the Dangote refinery's production ramp-up, but it does not establish that petrol imports have ended permanently.