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NAGAFF Compliance Team Demands Revocation Of SIFAX, Unity Bonded Terminals Licences

NAGAFF Compliance Team Calls For Revocation Of SIFAX, Unity Bonded Terminals

By Kenneth Jukpor Following numerous constraints which have made cargo delivery and evacuation problematic at SIFAX 2 bonded terminal and Unity bonded terminal, freight forwarders have called for the revocation of these companies’ licenses. The National Association of Government Approved …

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Reps panel wants NIMASA, NSITF officials prosecuted by EFCC

Reps panel wants NIMASA, NSITF officials prosecuted by EFCC

The Committee on Public Accounts of the House of Representatives has recommended that former and serving management staff of several Ministries, Departments and Agencies of the Federal Government be prosecuted by the Economic and Financial Crimes Commission for failing to …

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MWUN Lauds NIMASA As Kidnapped Members Regain Freedom

MWUN Lauds NIMASA As Kidnapped Members Regain Freedom

By Kenneth Jukpor The leadership of Maritime Workers Union of Nigeria (MWUN) has commended the Nigerian Maritime Administration and Safety Agency (NIMASA) for its role in the release of five members of the union kidnapped on the waterways in Rivers …

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Manufacturers, Importers Stranded Over N6.5m Duty On Transit Goods

Manufacturers, importers stranded over N6.5m duty on transit goods

• Stalemate enters 46 days over border closure • Shortage of raw materials might worsen, consumers to pay more amid inflation Still reeling from the effects of Nigeria’s border closure on its economy, the government of the Republic of Benin …

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N50bn NIMASA Floating Dock Loses Class, N21.6bn Potential Earnings

N50bn NIMASA Floating Dock Loses Class, N21.6bn Potential Earnings

  ·  Incurs N6bn debt as berthing charges ·  Why NIMASA/ NPA Partnership will fail -Oforiokuma ·  We’re concluding plans to deploy the asset – Jamoh By Kenneth Jukpor Three years after the arrival of the Nigerian Maritime Administration and …

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GoG: Why Deep Blue Project Won’t Sufficiently Combat Piracy – Experts

GoG: Why Deep Blue Project Won't Sufficiently Combat Piracy – Experts

By Kenneth Jukpor Despite wide commendations on the recently launched Deep Blue Project to curb the menace of piracy and sea robbery in Nigerian territorial waters and the entire Gulf of Guinea (GoG), some shipping experts have given reasons why …

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Maritime Security: NIMASA Describes Kidnapped MWUN Workers Incident As Setback

Maritime Security: NIMASA Describes Kidnapped MWUN Workers Incident As Setback

The Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has condemned the recent kidnap of eight Nigerians, five of them members of the Maritime Workers Union of Nigeria (MWUN), in Rivers State waters, describing the incident …

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SPOMO Act: 10 Pirates Bag 48 Years Imprisonment

CIoTA, CILT Plan Merger To Enhance Professionalism In Transport Sector

A Federal High Court sitting in Lagos yesterday sentenced ten (10) pirates to a total of 48 years each in prison under the Suppression of Piracy and Other Maritime Offences, SPOMO ACT, for hijacking a Chinese fishing vessel, FV Hai …

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School Training: SIFAX Enlightens 200 Students On Drug Abuse, Others

SIFAX Trains 200 students

A total of 200 students drawn from selected public schools in Lagos State have been trained on various ways and means as well as strategies to live a drug-free life and how to avoid pitfalls of juvenile delinquencies. The programme, …

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Nigeria’s Auto Industry Loses $10bn Yearly To Petrochemical, Steel Deficits

Nigeria’s auto industry loses $10bn yearly to petrochemical, steel deficits

Government’s failure to revive steel companies and equally develop indigenous petrochemical plants have stalled the local automotive development agenda, leading to loss of $10 billion yearly to large scale importation of fully-built motor vehicles and allied components used for local …

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Customs enforces zero duty on imported aircraft, spare parts

Customs enforces zero duty on imported aircraft, spare parts

After many deliberations, the Nigerian Customs Service (NCS) has finally begun the implementation of zero surcharges on imported commercial aircraft and spares parts used by local airlines. The Airline Operators of Nigeria (AON), yesterday, confirmed the removal of mandatory seven …

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Profits Of Container-Shipping Line May Hit $100b

Profits of container-shipping line may hit $100b

The latest edition of Drewry’s Container Forecaster predicts that carriers will report earnings before interest and taxes (EBIT) of $80 billion this year, up from the previous estimated $35 billion. The report also indicated that if freight rates surpass expectations …

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We’re Not In A Hurry To Transmit PIB To Buhari, Says National Assembly

We’re not in a hurry to transmit PIB to Buhari, says National Assembly

The Director of Information in the National Assembly, Mr Rawlings Agada, has explained that the federal parliament will not transmit the recently passed Petroleum Industry Bill in a hurry to the President, Major General Muhammadu Buhari (retd.). Agada gave the …

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MWUN Sends Eid Mubarak Felicitations, Pirates Kidnap 5 Members

MWUN Sends Eid Mubarak Felicitations, Pirates Kidnap 5 Members

By Kenneth Jukpor The leadership and entire membership of Maritime Workers Union of Nigeria (MWUN) felicitate with all Muslim brothers and sisters on the occasion of the celebration of eid Mubarak. In a statement obtained by our correspondent, the President-General, …

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Tincan Island Port Occupants Dare NPA, LASG On Eviction

Tincan Island port occupants dare NPA, LASG on eviction

Occupants of Tin Can Island Container Complex have vowed to resist every move to evict them out of the port complex following the eviction notice served on them by the Nigerian Ports Authority (NPA) and Lagos State Taskforce team. The …

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PCC Boss Urges Nigeria To Balance International Trade

Folarin Urges Nigeria To Balance International Trade

The Chairman, Ports Consultative Council (PCC), Otunba Kunle Folarin has encouraged the nation to strike a balance between import and export trade and attain a true reflection of international trade. Folarin, who made this statement in a paper presentation titled …

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CG Customs Blacklists Operators, As Over taxation Boosts Customs Revenue

CG Customs Blacklists Operators, As Over taxation Boosts Customs Revenue

·  Customs CG was never accessible to freight agents – NAFFAC, APFFLON ·  Dikko’s demise foiled plans to make corrupt Customs officers culpable ·  Aniebonam, Customs tell conflicting tales on bribery over consignment By Kenneth Jukpor The Comptroller-General of Nigeria …

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New Technology, Export-Processing Zone To Ease Port Congestion

New technology, export-processing zone to ease port congestion

The deployment of new technologies to support the efficiency of an electronic call-up system otherwise known as ‘Eto’ has halted malpractices on the scheme and enhanced the smooth evacuation of cargoes from Lagos ports. Media source learnt that new technologies …

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Operators Seek Revival Of National Shipping Line As Nation Loses $45b In Five Years

Operators seek revival of national shipping line as nation loses $45b in five years

Stakeholders in shipping operations have called for the revival of national shipping to harness the benefits thereof. The experts, who spoke in Lagos at the public presentation of the book by Dr. Edmund Chilaka entitled: “The Rise, Fall and Liquidation …

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PIB Passage Deadlocked, Reps Suspend Consideration Indefinitely

Reps panel wants NIMASA, NSITF officials prosecuted by EFCC

The harmonised version of the Petroleum Industry Bill failed to pass at the House of Representatives on Thursday as consideration of the report by the conference committee on the bill caused a sharp division in the chamber. Protests by members, …

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