Iran, Strait of Hormuz & Global Shipping: What It Means for Nigerian Importers
Strait of Hormuz: Why Iran’s Position Matters to Global Supply Chains and Nigerian Importers The latest developments surrounding Iran’s position on the Strait of Hormuz highlight a critical reality for global trade: supply chains remain highly vulnerable to geopolitical tensions, even when active military operations pause. While the temporary suspension of U.S. military strikes has […]
Customs Electronic Cargo Tracking System: What It Means for Trade in Nigeria
Customs’ Electronic Cargo Tracking System (ECTS): A Positive Step Towards Smarter Border Management The Nigeria Customs Service’s pilot deployment of its Management Information System (MIS) and Electronic Cargo Tracking System (ECTS) at the PTML Area Command is another encouraging milestone in Nigeria’s journey towards a fully digital trade environment. If successfully implemented and expanded across […]
43 Commodities Previously Restricted From Forex in Nigeria: What Importers Need to Know in 2026
Understanding the CBN’s Current Position on Import Forex, International Shipping and Customs If you have searched online for information about “commodities not valid for forex in Nigeria,” you may still find articles listing rice, cement, poultry, vegetable oil, steel products, textiles, furniture and other commodities as products that cannot access foreign exchange. Much of that […]