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Happy Birthday: The Mu’azu  Jaji Sambo  I Know

By Sam Idiagbonya Muazu Sambo I’m not one given to sycophancy or vain praise, but in the last few months, working for and walking with the highly revered Mu’azu Jaji Sambo has expanded my worldview on certain life issues and …

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How Nigeria Can Earn Foreign Exchange Through NSDP – Comrade Bob Yousou

Comrade Bob Yousou Comrade Bob Yousou is the National President of the Nigerian Merchant Navy Officers and Water Transport Senior Staff Association (NMNOWTSSA). In this exclusive interview with BABAJIDE OKEOWO, he proffered suggestions on how Nigeria can maximize the potential of …

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Kefas Promises Enhanced Border Surveillance, To Synergise With Customs

Taraba State governor Agbu Kefas Taraba State governor Agbu Kefas has promised enhanced border surveillance to stem insecurity in the north-eastern region of Nigeria while reiterating the commitment of his administration to synergize with the Nigeria Customs Service (NCS) to …

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Nwokeoji’s Presidency Will Reposition ANLCA, Says APFFLON

At Last, ANLCA Warring Factions Agree To Strike Unconditional Truce With Peace Committee

The Africa Association of Professional Freight Forwarders and Logistics of Nigeria, APFFLON has expressed optimism that the emergence of Mr. Emenike Nwokeoji as National President of the Association of Nigerian Licensed Customs Agents, ANLCA will reposition the association as the …

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Railway Fetched Nigeria N1.10bn In Q2/23-NBS

FG mulls Chinese, Portuguese loans to complete railways

Railway transportation fetched Nigeria N1.10 billion in the second quarter of 2023, data from the National Bureau of Statistics’ latest report on ‘Rail Transportation Data (Q2 2023)’ has shown. According to the report, in the period under review, 474,117 passengers …

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Why Nigeria Sesame Seed Is In High Demand And How To Tap Into $170m Market

How to Start a Sesame Seed Export Business in Nigeria

Sesame Data from the Nigerian Export Promotion Council (NEPC) has shown that there is an untapped estimated $170m Sesame seed market globally and with Nigerian Sesame seed in high demand globally, it is a major export market. Nigeria produces over …

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Customs Rejigs As Compt Nnadi Moves To Tin Can Port, Bomodi, Seme Command

 The Ag. Comptroller General, Adewale Adeniyi  has made new  appointments and redeployment within the service to ensure operational efficiency in line with  the statutory retirement of some management members of Nigeria Customs Service(NCS). Consequently, Comptrollers Florence Nanu Ogar-Modey and Queen Ogbudu have been appointed …

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FOU Zone ‘A’ Customs Recommits To Anti-Smuggling, Seizes Items Worth N813Million

Ag. CAC, FOU Zone A, Ikeja, Lagos, DC Hussein Ejibunu displaying seized items to the media, last week There are indications that there is a growing re-commitment and dedication to duty especially anti-smuggling enforcement among the men and officers of …

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PSTT Boss Decries Inefficiency, Rivalry In Maritime Sector

Moses Fadipe The Coordinator of the Ports Standing Task Team (PSTT) Moses Fadipe has decried the corruption, and lack of transparency in Nigerian ports and the rivalries amongst maritime agencies which have led to a myriad of challenges in the …

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Tinubu Urged to Preserve Pipeline Protection Contract To Save over 20,000 jobs

President Tinubu To save 20,000 jobs in the oil and gas industry, President Bola Tinubu has been asked to preserve the oil infrastructure protection contract awarded to Ocean Marine Security. Traditional rulers and community leaders in several Niger Delta communities …

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Manufacturing Sector Remits N606b, Tops Tax Revenue Contributions In H1’23

Foreign trade declines by N2.6tn over FX shortage – NBS

The manufacturing sector has sustained its lead position in contribution to Nigeria’s tax revenue in the first half of 2023 (H1’23) with a remittance of N606.7 billion. The tax remitted by the sector represented 17.4 percent of the total Federal …

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Why It Might Take Nigeria 300 Years To Bridge Infrastructure Gap-SEC

Yakubu Yuguda The Securities and Exchange Commission (SEC) depending on a World Bank report, has stated that based on the current level of public spending on infrastructure which is regarded as one of the lowest globally, it would take approximately …

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CRFFN Seeks POF Collection On Wet Cargo, Review FG No-Funding Policy

From left: Mr. Benson Ojumah, Director, Research, Planning & Development; Mrs Chinyere Uromta, Ag. Registrar/CEO;Mr. Ikima, Deputy Director, Finance and Accounts; Mrs. Agnes Adeshiyan, Deputy Director, Administration and Human Resources, all of the Council for the Regulation of Freight Forwarding …

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NPA MD Takes Oyetola On Lekki Deep Sea Port Tour

Minister for Marine & Blue Economy, His Excellency Adegboyega Oyetola (Middle) Managing Director/CEO Nigerian Ports Authority Mohammed Bello Koko (2nd from left), Executive Director Lekki Deep Seaport Adesuwa Ladoja (2nd from right) and Chief Operating Officer Lekki Deep Seaport Laurence …

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Forex Earnings Record Boost As Trade Surplus Hits N2.22tn

Inflation, hardship weakened Nigerians’ spending in 2022 – NBS

Nigerian foreign exchange earnings grew in the first six months of 2023 as the foreign trade surplus rose to N2.22tn. This was as the country sought new avenues to increase its foreign exchange earnings. According to new data from the …

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Report Links Declining Businesses To Inflation

Food, housing, logistic costs push inflation to 22.22%

Activities of private businesses dipped midway through the third quarter of the year as rising prices weakened demand, according to the Stanbic IBTC Purchasing Managers Index report for August. According to the report, input costs and output charges increased to …

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Customs Dump Erring Banks Over Duty Remittance

The acting Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, has ordered the deactivation of some banks over their failure to remit duties collected. This was contained in a statement issued on Thursday by the National Public Relations Officer of …

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Customs Intercept N692m Drugs, Others Along Ibeju-Lekki Waterways

The Western Marine Command of the Nigeria Customs Service said it had intercepted 103 sacks containing 8,240 loaves of cannabis sativa and 23, 000 capsules of Tramadol 100 mg each along Ibeju-Lekki waterways. In a statement on Thursday by the …

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Nigeria’s Refining Capacity Crashes To 6,000b/d – OPEC

Nigeria’s crude oil refining capacity has further reduced to just 6,000 barrels per day, according to data obtained from the Organisation of the Petroleum Exporting Countries. In its latest Annual Statistical Bulletin 2023, obtained by media, OPEC said the country’s …

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Gas Revenue Drops By N3tn In 12 Months – Report

More IOCs to divest, job losses loom – FG

Oil worker The Federal Government, last year, lost the sum of N3.3tn gas revenue last year, as a result of drop in export due to low production, according to data obtained from a global professional body for the energy sector, …

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