Procter & Gamble Nigeria Ltd Issues Disclaimer on Fraudulent Recruitment Offers

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Procter & Gamble Nigeria Ltd Issues Disclaimer on Fraudulent Recruitment Offers

Procter and Gamble Nigeria Ltd. have warned unsuspecting citizens on fake job offers and employment scams. In a statement released by the Company, it said:

“It has come to our notice that fake job offers are being circulated on behalf of Procter & Gamble Nigeria Limited (PGN) by certain individuals/entities claiming they are representatives or subsidiaries or under contract with Procter & Gamble Nigeria Limited.

Please note that:

  • PGN does not send job offers from free email services like Gmail, Rediffmail, Yahoo mail, Hotmail, etc.
  • PGN does not request payment of any kind from prospective candidates for employment or any sort of fees.
  • PGN does not authorize anyone to either collect money or arrive at any monetary arrangement in return for a job.
  • All our open positions can be found on our website, https://www.pgcareers.com/. If a position is not advertised there, it is not a legitimate opening.
  • All candidates considered for a position will have an in-person interview.
  • Anyone making an employment offer in return for money or other types of gain is not authorized by Procter & Gamble Nigeria Limited and is not offering an approved job.
  • Procter & Gamble reserves the right to take legal action, including criminal action, against such individuals/entities engaging in this fraudulent misrepresentation”.

Ford Motor Company Issues Safety Recall for Select 2017-19 Ford Super Duty SuperCrew Vehicles with Carpet Flooring

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Ford Motor Company Issues Safety Recall for Select 2017-19 Ford Super Duty SuperCrew Vehicles with Carpet Flooring

Ford Motor Company is issuing a safety recall for select 2017-19 Ford Super Duty SuperCrew vehicles with carpet flooring due to the risk of a postcrash interior fire.

In affected vehicles, a front seat belt pretensioner that deploys during a crash can generate
excessive sparks. In some cases, this could ignite the carpet or carpet insulation in the area of the B-pillar. A fire in the B-pillar area may spread within the vehicle and increase the risk of injury.

Ford is aware of one report in the U.S. of a fire-related to this condition. The company is not aware of any accidents or injuries related to this condition.

The action affects 490,574 vehicles in the U.S. and federal territories, 56,112 in Canada, and 852 in Mexico.

Affected vehicles were built at Kentucky Truck Plant from Oct. 8, 2015, to Oct. 29, 2019.
As needed, dealers will apply foil tape to the carpet and carpet insulation and modify the sound deadener on the backside of the B-pillar trim panel. The Ford reference number for this recall is 19S52.

A record package of $82 billion committed for the fight against extreme poverty

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A record package of $82 billion committed for the fight against extreme poverty

Focus on jobs, gender, fragility, climate, and good governance

December 13, 2019 — A global coalition of development partners announced today their commitment to maintain momentum in the fight against extreme poverty, with $82 billion for the International Development Association (IDA), the World Bank’s fund for the poorest. The financing, which includes more than $53 billion for Africa, will help countries invest in the needs of their people, boost economic growth, and bolster resilience to climate shocks and natural disasters.

“Today’s commitment by our partners is a strong sign of their support for the urgent mission to end extreme poverty and promote shared prosperity in the poorest and most vulnerable countries,” said World Bank Group President David Malpass. “We are grateful for their continued trust in IDA and its ability to deliver good development outcomes for people most in need.”

Two thirds of the world’s poor—almost 500 million people—now live in countries supported by IDA. The funding will allow IDA to reinforce its support to job creation and economic transformation, good governance, and accountable institutions. It will also help countries deal with the challenges posed by climate change, gender inequality, and situations of fragility, conflict, and violence, including in the Sahel, the Lake Chad region, and the Horn of Africa.

IDA will renew its support to facilitate growth and regional integration, including investments in quality infrastructure. The IDA Private Sector Window will continue enabling the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) to mobilize private sector investment in challenging environments, a critical component to meet the scale of financing needed in developing countries.

IDA’s resources are replenished every three years; this 19th replenishment will cover the period from July 1, 2020, to June 30, 2023. The new funding will support projects that deliver life-changing results, including:

  • Essential health, nutrition, and population services for up to 370 million people;
  • Safe childbirth for up to 80 million women through provision of skilled health personnel;
  • Enhanced access to broadband internet for 50 to 60 million people;
  • Immunizations for up to 140 million children;
  • Better governance in up to 60 countries through improved statistical capacity;
  • An additional 10 GW of renewable energy generation capacity.

To promote greater equity and economic growth, IDA will also tackle broader development challenges, such as enhancing debt sustainability and transparency; harnessing and adapting to transformative digital payment technology; promoting inclusion of those living with disabilities; strengthening the rule of law; and investing in human capital, including efforts to achieve universal health coverage.

Along with these priority areas, IDA will sharpen its focus on crisis preparedness, resilience building, and supporting countries in their national climate-related action plans.

The successful replenishment of IDA has been supported by contributions from 52 governments; additional countries are expected to pledge in the near term. It is also supported by repayments of outstanding IDA loans, contributions from the World Bank, and financing raised from the capital markets. This unique financial model enables IDA to achieve greater development impact than any other organization.

The International Development Association (IDA) is one of the largest sources of funding for fighting extreme poverty in the world’s poorest countries. IDA provides zero- or low-interest loans and grants to countries for projects and programs that boost economic growth, build resilience, and improve the lives of poor people around the world. Since 1960, IDA has provided more than $391 billion for investments in 113 countries. As an institution of the World Bank Group, IDA combines global expertise with an exclusive focus on reducing poverty and boosting prosperity in the world’s poorest countries. Seventy-four countries, including low-income countries, small states, and island economies, are eligible to benefit from this replenishment package. Learn more online: IDA.worldbank.org. #IDAworks

AFDB approves $124.2M loan for water sector reforms in Akure to improve access to safe drinking water & sanitation

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AFDB approves $124.2M loan for water sector reforms in Akure to improve access to safe drinking water & sanitation

The project is set to address bottlenecks in critical water supply services to households in the densely populated project area…

ABIDJAN, Ivory Coast, December 13, 2019,/ — The Board of Directors of the African Development Bank on Thursday approved a $ 124.2 million loan to finance the Urban Water Sector Reform and Akure Water Supply and Sanitation Project in Nigeria. The amount includes an African Growing Together Fund (AGTF) loan of $20 million.

The overall project cost is $222.69 million and will span five years from 2020-2025.

The project is set to address bottlenecks in critical water supply services to households in the densely populated project area. It would provide residents of Akure city (Ondo State) and its environs, access to safe drinking water and sanitation. The project will strengthen the Federal Government’s capacity to facilitate urban Water Supply and Sanitation reforms.

“The project will particularly contribute to improving the living conditions of the communities in the project area. Involving these communities in the public awareness and marketing activities, will increase the project’s ownership and ensure they pay for the water supply and sanitation services,” said Ebrima Faal, Senior Director at the Bank’s Nigeria Regional Office.

The loan will also help to install sanitation infrastructure for schools, hospitals, markets.

On completion, the project will benefit the 1.3 million residents of Akure City and vicinities. At the Federal level, the project’s Urban Water Reform component will establish a water and sanitation investment program that would contribute to scaling up of the National WASH Action plan 2018-2030.

The project, which combines “hard” water, sanitation and environmental protection infrastructure with “soft” analytical and institutional reform support, aligns with the Bank’s Ten-Year Strategy (TYS) and its High 5s priority areas, the Integrated Water Resources Management (IWRM) Policy.

As of December 13 2019, the Bank’s active portfolio in Nigeria comprised 61 operations, of which 54 are national and seven are regional. The total commitment to these projects is $4.8 billion and includes water and sanitation projects worth $606.0 million.

The Museum of Art reopens in Hong Kong with installations by Goppion

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The Museum of Art reopens in Hong Kong with installations by Goppion

Goppion engineered, manufactured and installed the conservation display cases for the Chinese Antiquities Gallery and Fine Art Gallery

 

HONG KONG, CHINA – Media
OutReach – 13 December 2019 – Goppion, the Italian company renowned for protecting
icons of world cultural heritage such as the
Mona Lisa, the Crown Jewels of
the United Kingdom, and many Leonardo da
Vinci manuscripts and drawings, played a major role in the newly renovated Hong
Kong Museum of Art.

 

In
October 2018, Goppion was tasked with engineering, manufacturing and installing
the permanent display cases for two galleries in the museum. One is the “Chinese
Antiquities Gallery,” called such because it hosts objects ranging from the
Neolithic to the 20th century, including ceramics and other decorative art
pieces, such as objects in glass, engraved bamboo, wood, and ivory and rhino
horns, as well as costumes, fabrics, and furniture.

 

Goppion
was asked to display and conserve this priceless collection of Chinese
heritage. To meet the museum’s requests and restrictions, the company designed
45 standalone display cases (2500mmx800x2100h).

 

Other
characterizing elements engineered by Goppion include the presence of
cutting-edge lighting systems that can be controlled via Bluetooth by
smartphone and tablet, as well as an active system for stabilising the relative
humidity and an air filtration and recycling system.

 

The
other gallery is the “Fine Art Gallery,” which houses a collection of
over 5,000 objects, including paintings, calligraphy works, and pieces coming
from a variety of schools and eras in the history of Chinese painting. Goppion
designed 24 wall display cases, totalling 180 metres wide and 3.4 metres high.

 

The
display cases were assembled on site and required an extensive amount of
materials, including 75 large sheets of glass that must be attached to the floor,
as they were unable to be fixed to the walls or ceiling.

 

In
addition, much research was conducted in structural engineering, guaranteeing
the stability and resistance of the towering display cases. To be able to open
the cases’ sliding doors up to 80% of their width without needing floor
support, Goppion created a system sliding rails and bearings so innovative that
the company requested a patent.

 

A
lighting system that can be controlled via Bluetooth by smartphone/tablet was
also installed in this gallery, while an extremely innovative system with
electrolyte membranes that can be controlled remotely via an app is used to
stabilise the relative humidity.

 

The
HKMoA was closed between August 2015 and today in order to undertake a vast and
detailed renovation dedicated to expanding the exhibition space available and
improving the museum building itself. The renovation, carried out by HKSAR’s
Architectural Services Department (ArchSD), bestowed the HKMoA with a unique
identity and ultra-modern architectural characteristics.

 

The
new glass façade appears “light” when seen from outside, making the building
instantly recognizable on the Tsim Sha Tsui Promenade. At the same time, the
choice to employ vast amounts of glass surfaces allows for ample light to pour
into the building.

 

The
total exhibition space increased around 40% (from about 7,000 square metres to
around 10,000 square metres). The number of galleries thus grew from seven to
twelve, including a gallery nine metres high in the new Annex, designed to host
larger-than-life artworks. Two additional galleries were created for the
museum’s extended rooftop. 

 

Founded
in 1952, Goppion is the world leader in the production of display cases and
museum installations, combining as it does the most advanced preventive
conservation performance with elegant, discreet design.

 

In
over thirty years of experience in the museum industry, the company has worked
and continue to work with the most illustrious museums in the five continents,
collaborating with architects and designers renowned throughout the world.

 

At the
heart of the company lies the Laboratorio Museotecnico (museum technology workshop),
which is a real breeding ground of ideas, where applied research,
experimentation, advanced materials and technology blend with the best
craftsmanship in northern Italy in a continuous process of development and
innovation conducted in-house and in collaboration with universities and
research institutes in Italy and across the world.

Issued on behalf of Goppion by Newell Public Relations

About Goppion

Founded in 1952, Goppion is a world leader in
the production of display and conservation systems for museums. As a hotbed of
ideas that merges conservation engineering with the art of museum display,
Goppion produces high-quality, avant-garde display cases that combine
cutting-edge functionality and aesthetics. www.goppion.com

VinAI Announces Scientific Research at the World’s No.1 Conference on Artificial Intelligence – NeurIPS 2019

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VinAI Announces Scientific Research at the World’s No.1 Conference on Artificial Intelligence – NeurIPS 2019

HANOI,
VIETNAM – Media OutReach – 13 December
2019 – VinAI
Research (directly under Vingroup) has just announced the first two scientific
research results at NeurIPS – the world’s No. 1 conference on artificial
intelligence in Canada. The event not only marks VinAI in the world technology
community, but also shows the transformation of Vingroup into a
leading
technology corporation, gradually integrating with the global technology peak.


Dr
Bui Hai Hung,Director of VinAI Research, makes a speech at NeuIPS 2019

NeurIPS
2019 (Neural Information Processing Systems – The annual international
conference on artificial neural network information processing systems) will take place on December 8-14, 2019 in Vancouver,
Canada. This is
the largest AI summit in the year. This year’s conference has a total of more
than 1,400 articles accepted,
out of a total of more than 6,700 articles submitted. Google, Google Brain and
Google Deepmind have the highest number of articles accepted. MIT University has the highest second number of articles accepted, that is followed by
Stanford University, Microsoft Research, and other entities.
With 2 articles from VinAI, this is the first time Vietnam has articles published at an international
conference like
NeurIPS.

Dr
Yasin Abbasi Yadkori, the author of VinAI scientific reseaches
which are
presented at NeurIPS 2019

VinAI’s
research articles
published at NeurIPS focuses on making optimal decisions in an online interactive
environment. Decisions that
made
will interact
with the environment and directly affect future system data. For example, when shopping online, the search engines can not only give
suggestions according to customer habits, but also bring a new experience as
desired. This feature is currently not available in the market. Besides, these research articles also
have
many applications for real-world sequential decision making, such as web
advertising, making suggestions,
making recommendations,
digital marketing, adjusting super parameters of machine learning algorithms,
etc.

For the scientific
research to be published at the event, researchers must not only bring new ideas but also meet
research requirements that are practically applicable. Every year, only 20% of
the submitted research articles
“pass”
the rigorous evaluations from the jury, which is the world’s leading council of
scientists.

In
addition to announcing scientific research projects at the world’s No. 1 event
on artificial intelligence, VinAI also has a display space to help people have
a comprehensive view of the research and working environment at VinAI. At the
same time, participants can also directly experience the high-tech products of
the Vingroup ecosystem.

“We are happy to make the
world aware of AI in Vietnam. In the coming time, we will continue to gather
Vietnamese scientists and international experts with reputation in this industry to be able to embark on
researching AI problems in Vietnam. At the same time, we will cooperate with
the world’s leading research institutes and technology universities to create a
network of exchanges and
research for the purpose of gradually bring the world’s AI closer to Vietnam”,
said Dr.
Bui Hai Hung (Director of VinAI Research) about this event.


Founded on April 17,
2019, after 8 months of establishment, VinAI has built a core force of leading
experts (3 people from Silicon Valley, USA; 3 people have ever received International
Mathematics Prizes).
Many VinAI experts have worked for technology corporations such as Amazon,
Adobe Research. VinAI Research also has a program to nurture
young Vietnamese talents for AI (AI Residency), with 20 trainees.

With this announcement,
the world artificial intelligence research community has found that Vietnam
also has top-notch, high-quality scientific studies. VinAI has officially
brought Vietnam out of the “white zone” of AI, while contributing to the
motivation for Vietnamese
scientists to make
excellent researches.

Vitol Signs 10-Year Deal to Buy Nigeria’s LNG from 2021

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Vitol Signs 10-Year Deal to Buy Nigeria’s LNG from 2021

Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year, ramping up its long-term presence on the market.

Commodity houses, including Vitol rivals Trafigura and Gunvor, are increasingly expanding their traded spot cargo volumes with multi-year LNG deals as a global push for cleaner energy helps the market grow and mature.

“The agreement underscores NLNG’s drive…to deliver LNG on a global scale in a low carbon world where gas/LNG will continue to be the preferred complementary energy source alongside renewables,” Vitol said in a statement.

The deal also helps NLNG remarket volumes from existing production lines at its Bonny Island plant with a number of contracts due to expire.

Vitol said it would purchase volumes from Trains 1, 2 and 3 of a six-train NLNG production facility on Bonny Island under the sales and purchase agreement, which was signed on Dec. 11 and will start in October 2021.

NLNG’s contracts with Turkey’s Botas, Portugal’s Galp Energia, Spain’s Naturgy and France’s energy major Total for a total of 2.67 million tonnes per year will expire in 2020 and 2021, according to the International Group of LNG Importers (GIIGNL).

NLNG has also been looking for buyers for volumes from a yet-to-be-built Train 7.

Vitol will purchase volumes on a delivered-ex-ship basis, meaning NLNG will provide shipping for the cargoes. The price of LNG purchased under the deal has not been disclosed but spot Asian LNG and European gas prices are trading at their lowest level in at least a decade this winter.
Vitol has also been buying long-term volumes from U.S. producer Cheniere and the trading arm of Russia’s Gazprom, Gazprom Marketing & Trading, since 2018.

Source: Reuters

Global 5G subscribers to reach 12.9 Million this year, 1.3 billion in 2023 – Report

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Global 5G subscribers to reach 12.9 Million this year, 1.3 billion in 2023 – Report

Global 5G subscribers are set to rise rapidly from 4 million at the end of Q3 to 12.9 million by the end of the year, according to a study by Ovum for industry association 5G Americas. That figure will then accelerate to 1.3 billion, around 13 percent of the worldwide total, in 2023.

There are now 50 commercial 5G networks globally that adhere to 3GPP standards, with the number set to increase to 67 by the end of 2019, said the report, adding that the increasing availability of compatible devices and extended coverage will significantly boost 5G adoption in 2020.

Existing 4G-LTE technology gained a further 250 million connections worldwide in the third quarter of 2019 to reach the 5 billion milestones, after adding some 1 billion new connections over the course of the year. The report said LTE saw strong quarterly growth from the Americas region with the addition of 28 million connections, led by Latin America and the Caribbean with 17 million new LTE subscriptions thanks to increasing geographic coverage and lower-cost handsets.

5G Americas said forthcoming 5G spectrum auctions in Brazil, Colombia, El Salvador and Uruguay will serve to accelerate the deployment of LTE across the Latin American region by increasing the technology’s potential market.

Nigeria: Merchandise Trade Grew In Q3 2019 With Higher Exports And Lower Imports

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Nigeria: Merchandise Trade Grew In Q3 2019 With Higher Exports And Lower Imports

Total Trade

Total trade grew by 6.8% in Q3,2019 compared to Q2,2019 and 1.33% relative to Q3, 2018. 

Imports

  • The value of total imports decreased by 2.70% in Q3 2019 compared to Q2,2019, and 7.47% relative to the corresponding quarter of 2018.
  • In Q3, 2019, the value of imported agricultural products was 4.01% lower than in Q2,2019, but 7.21% higher than  Q3, 2018.
  • The value of raw material imports decreased by 4.64% in Q3,2019 relative to Q2, 2019 but increased by 16.81% when compared to Q3 2018.
  • The value of solid minerals imports was 31.73% lower than the value of in Q2, 2019 but 7.05% higher than the value recorded in Q3 2018.
  • The value of energy goods imports increased by 243.92% in Q3, 2019 and 286.91% relative to Q3, 2018 due to increased import of other wood charcoal, electrical energy and Charcoal of bamboo.
  • The value of imported manufactured goods grew by 12.46% in Q3,2019 against the value recorded in Q2,2019 but decreased by 3.48% when compared to Q3, 2018.
  • The value of Other oil products imported decreased by 41.85% in Q3,2019 against the level recorded in Q2, 2019 and 54.59% when compared to Q3,2018. 

Exports

  • The value of total exports in Q3, 2019 increased by 15.02% compared to the level recorded in Q2, 2019 and 8.97% when compared with its value in Q3, 2018.
  • The value of agricultural exports decreased by 42.69% in Q3 2019 relative to Q2, 2019 and 7.30% when compared to Q3, 2018.
  • The value of raw material goods exports in Q3, 2019 decreased by 5.74% in Q3,2019 against Q2, 2019  and   8.84% against Q3 2018.
  • The value of solid minerals exports decreased by 17.08% in Q3, 2019 against Q2, 2019 and 34.97% against the corresponding quarter in 2018.
  • The exports of energy goods decreased in value by 40.06% in Q3 2019 compared to Q2, 2019 and 45% when compared with Q3,2018.
  • The value of manufactured goods exports increased by 839.44% in Q3, 2019 when compared with the value recorded in Q2, and over 1000% compared to Q3 2018. The notable increase recorded was due to the re-exports of high-value Cable Sheaths of Iron, as well as submersible drilling platform, Vessels and other floating structures.
  • The value of crude oil exports in Q3 2019 was 4.79% lower than in Q2 2019 and 9.62% lower than Q3 2018.
  • The value of Other oil products exports rose by 6.14% in Q3 2019 against Q2, 2019 but fell by 15.19% relative to Q3,2018.  

Major export trading partners and percentage share in Q3, 2019 export trade.

  • Ghana                      
 17.18%
  • India
 14.67%
  • Netherlands
 9.82%
  • Spain
 8.60%
  • United States
 6.28%

 

Major import trading partners and percentage share in Q3, 2019 import trade

  • China
 31.34%
  • United States
 11.35%
  • India
 7.49%
  • Netherlands
 6.80%
  • Belgium
 3.98%

 

Major Traded Agricultural Products.

  • Sesamum seeds, whether or not broken
  • Good fermented Nigerian Cocoa Beans
  • Cashew nuts, shelled
  • Superior quality raw cocoa beans
  • Other Frozen shrimps and prawns
  • Natural cocoa butter
  • Cashew nuts (in shell)

Overview

The value of Nigeria’s total trade stood at N9,187.6billion in Q3,2019 representing 6.77% increase over the value recorded in Q2,2019 and 1.33% increase relative to Q3, 2018. The value of the export component (N5,288.5billion) increased by 15.02% against Q2, 2019 and 8.97% when compared with the corresponding quarter in 2018. On the other hand, the import component (valued at N3,899.1 billion) decreased by 2.70% in Q3 against Q2, 2019 and 7.47% against Q3, 2018. The increase in exports coupled with the decrease in imports led to a positive trade balance of N1,389.3billion during the period under review.

In Q3, 2019, crude oil remained the dominant export, accounting for 70.87 (N3,747.8billion) of the value of total export, while non-crude oil exports amounted to 29.13% (N1,540.7billion). However, in Q3, 2019, the value of crude oil exports was 4.7% lower than in Q2, 2019 and 9.6% lower than the corresponding quarter of 2018.

Imports Classified by Standard International Trade Classification and country of Origin

Nigeria’s imports stood at N3,899.1 billion in Q3,2019, representing a decrease of 2.70% over the value recorded in Q2,2019 and 7.47% over the corresponding quarter of 2018. This was due to decreases in the values of mineral fuel (which fell by N381.9billion or 41.98%) and crude inedible materials (N15.95 billion or 24.44%) in Q3, 2019 over their values in Q2, 2019.

During the quarter, Nigeria imported goods mainly from Asia and valued at N1,998.5 billion or 51.3% of total imports. Other major imports originated from Europe, valued at N1,194.2billion or 30.6% while imports from the Americas and Africa amounted to N576.7billion or 14.8% and N106.0billion or 2.7% respectively. Import from Oceania stood at N23.8billion or 0.6% of total imports while goods valued at N19.1billion originated from ECOWAS.

Nigeria’s imports, by country of origin, shows goods were imported mainly from China, and valued at N1,221.9 billion. Nigeria also imported goods from the United States worth N442.4billion, India (N292 billion), the  Netherlands (N265.2 billion) and Belgium (N155.2billion).

Exports Classified by Standard International Trade Classification and Country of Destination

The value of total exports in Q3, 2019 stood at N5,288.5 billion. This indicates an increase of 15.02% against the level recorded in Q2,2019 and 8.97% when compared with its value in Q3, 2018. The Crude oil component of export amounted to N3,747.8 billion or 70.84% of total exports during the period under review while Non-crude oil export grew significantly in Q3, 2019 and was valued at N1,540.7 billion or 29.13%.

Exports by section revealed that mineral products accounted for the largest proportion of exports, amounting to N4,220.1 billion or 79.8%). Other major sections in exports were Base metals and its articles (N771.6billion or 14.6%) as well as Vehicles aircraft and parts (N200billion or 3.7%).

Analysis of trade by region revealed that Nigeria exported most products to Europe (N1,861 billion or 35%), followed by Africa (N1,459.7billion or 27.6%), Asia (N1,361.3billion or 25.74%), America (N598.3billion or 11.3%) and Oceania (N8.1billion or 0.1%). Within Africa, exports to ECOWAS member states was worth N1,140.1 billion, or 21.56% of total exports. The value of exports to Africa and ECOWAS was notably high in Q3 2019 due to exports of Cable sheaths of iron and submersible drilling platforms exported to Ghana.

Exports by country of destination showed that Nigeria exported goods to Ghana (valued at N908.6billion or 17.18% of total exports), India (N775.7billion or 14.67%), the Netherlands (N519.3billion or 9.8%),  Spain  (N454.7 billion or 8.6%) and the United States (N332.2billion or 6.3%).

Export/Imports Products Classified by Sectors Q3, 2019

 Agricultural Goods Sector

During the quarter, total trade in Agricultural goods stood at N282.0 billion, out of which exported agricultural goods accounted for N42.1billion or 14.9%. Analysis by economic region showed that most were exported to Asia and Europe, and valued at N20.5billion and N18.0billion respectively.  The key driver of agricultural products exports was Sesamum seeds exported mainly to Japan (N5.6billion), Turkey (N2.9billion) and China (N1.3billion). Other key agricultural exports were Good Fermented Nigerian Cocoa Beans exported mainly to the Netherlands (N6.2billion) and Malaysia (N2.1billion), as well as Cashew nuts, shelled exported to Vietnam and the United States, and valued at N2.2billion and N0.3billion respectively.

Imported agricultural products accounted for N239.9billion or 85.1% of total agricultural trade in Q3, 2019. The major product was Durum wheat (seeds) imported mainly from the United States and Russia, worth N26.7 billion and N19.1billion respectively.  Other products were Durum wheat (Not in seeds) imported from the United States and Canada valued at N22.6billion and N16.2billion respectively, as well as Mackerel imported from Russia and Japan, valued at N3.9 billion and N3.6billion respectively.

Solid Minerals Sector

The total trade in solid mineral goods stood at N26.2 billion in Q3, 2019, comprising an import component of N19.9 billion and an export component of N6.3 billion. The major products exported under this sector were Other cement exported to the Niger Republic and Togo, worth N2.8 billion and N1.9 billion respectively. Lead ore and concentrates were exported to China, worth N1.1 billion, in addition to Niobium, tantalum, and Vanadium ores (worth N0.2billion).

In terms of imports, Nigeria imported plasters of calcined gypsum or calcium sulphate mainly from Turkey (N3billion), Tunisia (N0.8billion) and Egypt (N0.5billion). In addition, Crude salt valued at N2.5billion and Gypsum valued at N2.9billion were imported from Brazil and Spain respectively.

Manufactured Goods Sector

The value of manufactured goods trade in Q3, 2019 stood at N3,776.5 billion or 41.1% of total trade. Of this, the export component accounted for N996.8 billion, an increase of 839.44% over the value recorded in Q2, 2019. This was driven by export of Cable sheaths of Iron and steel valued at N750.3billion which was exported to Ghana. Another product that drove up Manufactured export was floating and submersible drilling platforms also exported to Ghana and valued at N117.4billion. In addition, Vessels and other floating structures for breaking up worth N41.7 billion was exported to Cameroon.

In terms of imports, used Vehicles worth N120.6 billion was imported from the United States, Italy (N6.3 billion), Belgium (N4.3billion), Germany (N3.9 billion) and Canada (N3.9 billion). Other imported products were motorcycles from India and China, worth N81.8 billion and N35.7 billion respectively. Vaccines for human medicine, worth N37.8billion and N37.6billion were imported from Denmark and Singapore respectively, while machines for reception and chassis fitted with engines for assembly plants, respectively worth N50.36 billion and N50.42 billion were also imported from China during the period under review.

Raw Material Goods Sector

The value of total trade in raw material stood at N359.7 billion. The import component was valued at N330.4billion while the export component stood at N29.3 billion. During the quarter, Urea worth N6.9 billion was exported to Brazil while Leather worth N4.1 billion and N2.4 billion was exported to Spain and Italy respectively. Other raw materials exported during the period were technically specified natural rubber mainly exported to Spain and France in values N1.2 billion and N1.1 billion respectively.

However, cane sugar worth N31.95 billion was imported from Brazil. Other products imported were preparations for infant use valued at N12.5 billion, N7.8 billion and N1.7billion imported from China, the United Kingdom and the Netherlands respectively. In addition, milk preparations containing vegetable fats worth N8.8 billion, N3.3 billion, N2.1 billion and N1.0 billion were imported from Ireland, Australia, Malaysia and the Netherlands respectively. During the quarter, mixtures of Odoriferous substance valued at N10.2billion was also imported from Ireland.

Trade Intensity in Q3, 2019

Export Intensity Index with Five Major Trading Partners

The export intensities of Nigeria in Q3, 2019 showed Nigeria’s export with India was intense in July, August and September with the index recording 6.3, 5.6 and 2.2 respectively. Similarly, export to Spain was intense and recorded at 3.1, 5.8 and 1.7 during the months of July, August and September respectively. Export to the Netherlands in July, August and September recorded intensity indices of 1.9, 3.5 and 1.3. However, the United States and France recorded generally lower export intensities during the period under review.

Import Intensity Index with five Major Trading Partners

In Q3 2019, Nigeria’s import trade with China was intense in all months of the quarter, with import intensities of 1.9, 1.3 and 1.1 recorded in July, August and September respectively. This was the case with India as well, which recorded 3.4, 2.4 and 2.8 respectively during the same period. Import intensities for Belgium were recorded at 1.4 in July and 2.1 in August, while September recorded a lower intensity of 0.3. Import intensity with the Netherlands showed 1.0 in July, 1.9 in August and 1.1 in September. For the United States, intense trade was recorded in July at 1.0 but this slowed down in August and September which recorded 0.9 and 0.7 respectively.

Trade by Mode of Transport

Water transport remained the major mode of transporting goods between Nigeria and trading partner countries. In Q3, 2019, water transport accounted for N5,256.1 billion or 99.39% of total exports. Air transport contributed N15.4 billion, Road transport accounted for N11.6billion and other means contributed N5.4billion. Similarly, for imports, most goods brought into the country arrived via water transportation means. Water transport accounted for N3,491.6 billion or 89.5% of the value of total imports. Goods imported by road and air were valued at N17.2 billion and N390.3billion respectively.

Trade by Custom Ports and Post

In Q3, 2019, the bulk of export transactions was conducted through Apapa port, valued at â‚¦4,259.2 billion or 80.5% of total exports, followed by Tin Can Island port which recorded â‚¦793.4billion or 15%. In terms of imports, Apapa Port also recorded the highest transactions valued at â‚¦1,706.5billion or 43.8% of total imports. This was followed by Tin Can Island (₦785.9billion or 20.2%) and Port-Harcourt-3 (₦415.3billion or 10.7%).

Click here to download the full Foreign Trade Statistics Report for Q3 2019

Blue Nun: The 24k Gold Champagne launches in Nigeria

Brand Spur
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Blue Nun: The 24k Gold Champagne launches in Nigeria

Have you ever attended an exquisite party outside Nigeria and you had the distinguished privilege of getting yourself a glass of gold wine?

You felt the gold flakes melting on your tongue, enticing your pallets and giving you an ephemeral feel that mixes exquisite taste with a sparkling feel, from your tongue down to your stomach.

But, of course, it did not end there. You asked the gentleman beside you what wine you just had and just before he said Blue N…a beautiful waitress adorned in a gold-sparkling dress stretched her tray towards you and said “its Blue Nun, the only wine that Golds up your moment. Want another glass?”

Pictured that? Well, here’s the best part of the adventure. You no longer have to travel outside Nigeria to relive that golden moment. It’s now at your doorstep.

The Blue Nun Experience Comes to Nigeria

Blue Nun, the award-winning German luxury and ageless wine brand has launched in Nigeria to the special delight of the wine-loving community.

Fermented in the vineyards of the romantic Rhine in Germany since 1857, Blue Nun wines have set new rules to the winemaking game by mulling classic and luxury gold flaked wines distilled in Champagne bottles that speak royalty and fun to create those special golden moments worth living for.

And for the first time in Africa, the Blue Nun experience makes its entry into the continent, first in Nigeria.

The historic launch of Blue Nun occurred on Wednesday, November 27, 2019, at The Civic Centre in Victoria Island, Lagos, Nigeria.

The launch was attended by brand executives, stakeholders in the Nigerian beverage industry, brand ambassadors, celebrities from all walks of the Nigerian creative industry and other members of the creme de la creme.

While speaking during the launch, Emmanuel Odiboh, the Business Development Manager of COWAS International Trading Ltd, the exclusive importer and distributor for the Blue Nun brand in Nigeria announced the entry of Blue Nun into the country as a wine with a classic taste and legendary history.

“Today, we are officially launching the Blue Nun brand here in Nigeria. This is a history that is rich for well over 150 years”​, he said.

Burak Tertemiz, Export Manager of Franz Wilhelm Langguth Erben, makers of Blue Nun re-assured the delightful guests of the mission of the brand in Nigeria and how they intend to become a part of the culture.

“Our objective here in Nigeria is to build up an organic and long term oriented partnership with consumers”.

For over 150 years, Blue Nun’s 24K Gold Edition has not only proved to be the most preferred gold-flaked wine but has also been an object of admiration at global events like the Bruno Mars 24K Magic Tour, Golden Globe Awards and the Grammy Awards.

What wine lovers think about Blue Nun

Guests present at the launch could not contain their excitement and satisfaction with the new, refreshing and classy taste of Blue Nun that lingered on taste buds.

Among those present were legendary entertainment pioneers, Kenny Keke Ogungbe, hip-hop musician, Ruggedman, Big Brother Naija 2019 housemate, Joe Abdallah and many more.

And in their words: 

Blue Nun is smooth. – Kenny Keke Ogungbe

The taste is great.​ – Biyi Ogunnaike (ICEBOX)

Blue Nun is premium.​ – Chibuzo Aghaji (APLUS)

For me, I like the fact that it’s actually not harsh. ​- Ruggedman

More Blue Nun Moments

Blue Nun also comes in a variety of delightful wines to refresh the taste buds of Nigerians.

Blue Nun is poised to provide Nigerians with a variety of options to suit their every taste and need like the Rose 24K Edition, Blue Nun Silver Edition (non-Alcoholic sparkling wine), Authentic White wines and Medinet French Wines.

Blue Nun The 24k Gold Champagne launches in Nigeria Brandspur9
Blue Nun The 24k Gold Champagne launches in Nigeria Brandspur11
Blue Nun The 24k Gold Champagne launches in Nigeria Brandspur8
Blue Nun The 24k Gold Champagne launches in Nigeria Brandspur7

But of course, reviews don’t do justice to the Blue Nun experience. You need to have your own experience.

So, brace yourself for a whole new flavour encased in gold.

Are you ready?

Contact us:

Business@cowastrading.com

Or @bluenun_ng on twitter and Instagram

These bottles of Gold can also be found at the nearest store close to you using the Blue Nun Store Finder: https://www.bluenun.wine/Storefinder.html

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