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Customs FOU Zone B seizes N305.7m smuggled goods in one month

Customs FOU Zone B seizes N305.7m smuggled goods in one month

The Nigeria Customs Service (NCS), Federal Operations Unit (FOU), Zone B Command, Kaduna, said it made a total of 130 seizures of different smuggled items at various locations in the zone with duty paid value of N305.7 million from January …

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Processed wood exporters seek share of $152.94bn market as FG lifts ban

Processed wood exporters seek share of $152.94bn market as FG lifts ban

Exporters of processed woods have intensified efforts to reap from the exportation of the product with market value put at over $152.94 billion for the year 2023 following the recent lifting of ban for its exports by the Federal Government. …

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Domestic airfares soar by 95% in 12 months – NBS

Domestic airfares soar by 95% in 12 months – NBS

The average domestic airfare paid by passengers has increased by 94.78 per cent in the past 12 months, the National Bureau of Statistics data have shown. The development came amid reports of various challenges facing the local aviation industry. In …

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Trucker blames hoodlums for 65% drop in haulage

Trucker blames hoodlums for 65% drop in haulage

A trucker, Mr Collins Dike, has said that 65 per cent of trucks in the county’s maritime sector were inactive due to extortions from hooligans, popularly called area boys. Dike while speaking with selected journalists in Lagos on Monday, said …

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As Nigeria Decides: Maritime Industry Moves For The Man With Courage, Capacity

As Nigeria Decides: Maritime Industry Moves For The Man With Courage, Capacity

As Nigerians prepare to cast their votes on Saturday, the founder  and spiritual leader of New Nigerian People’s Party(NNPP), Dr. Boniface Aniebonam has called on them, especially the maritime industry stakeholders to elect a leader with the capacity and courage …

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Provide lower fares, travel agent tells foreign airlines

Provide lower fares, travel agent tells foreign airlines

The Financial Secretary of the National Association of Nigerian Travel Agents and Chief Executive Officer of Dart Logistics Limited, Mr Yinka Ladipo, has called on foreign airlines operating in Nigeria to make available lower airfares to Nigerians. In a telephone …

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 IMO Scribe Pledges Commitment To Regional Greener  Shipping

 IMO Scribe Pledges Commitment To Regional Greener  Shipping

  The Nigerian Maritime Administration and Safety Agency, NIMASA participated at the International Maritime Organisation, IMO, 7th Green Shipping Conference with the theme “Unlocking Opportunities for Green Shipping in Africa”, in Ghana. The Secretary General of the International Maritime Organisation (IMO), Mr. Kitack …

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FG Directs NSC To Establish Port Community System, Audit Terminal Operators

FG Directs NSC To Establish Port Community System, Audit Terminal Operators

Disconcerted by the absence of a national single window scheme in the nation’s maritime industry, the Minister of Transportation,Muazu Sambo has directed the Nigerian Shippers’ Council(NSC) to establish a Port Community System(PCS) before May 29, which marks the end of …

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FG Calibrates NSC Fortunes With Over Annual $100million Revenue Yield As CTN Operator

FG Calibrates NSC Fortunes With Over $100million Annual Revenue Yield As CTN Operator

  The economic fortune of the Nigerian Shippers’ Council(NSC) as the nation’s Port Economic Regulator(PER) is set to improve significantly soon as one the nation’s cash-cow parastatals with the move by the federal government to review  its workers’salary structure, increase …

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NPA  Seeks $800million Port Infrastructure Loan From AfroExim, NEXIM  Bank

NPA  Seeks $800million Port Infrastructure Loan From AfriExim, NEXIM  Bank

  The Nigerian Ports Authority(NPA) may have concluded discussion with the African Export and Import, AfriExim Bank to secure $800 million facility to fix the dilapidated port infrastructure in the country. While the Managing Director and Chief Executive Officer of …

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NIMASA Provides Technical Support To Sao Tome And Principe

NIMASA Provides Technical Support To Sao Tome And Principe

The Management of the Nigerian Maritime Administration and Safety Agency, NIMASA, has provided technical support to Instituto Marito e Portuaruo IMAP in São Tomé and Príncipe. The Director General of NIMASA, Dr Bashir Jamoh while making the presentation at an …

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Unbundling Of Railway Will Guarantee More Jobs, Optimal Performance-Transport Minister

Unbundling Of Railway Will Guarantee More Jobs, Optimal Performance-Transport Minister

    The Minister of Transportation,  Mu’azu Jaji Sambo has called for the unbundling of the Nigerian Railway Corporation (NRC) in line with the vision and objectives of Government’s current reforms  in the transportation sector. The Minister said as it …

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Nigerian Navy Hands over Vessel To NIMASA For Flouting IMO Regulation

Nigerian Navy Hands over Vessel To NIMASA For Flouting IMO Regulation

  The Nigerian Navy has handed over a Tanker vessel “MT Sea Eunice” which was arrested on August 11, 2022 to the Nigerian Maritime Administration and Safety Agency (NIMASA). The vessel is presently located along Escravos River, close to the …

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FEC okays cargo e-tracking to curb revenue leakage

FEC okays cargo e-tracking to curb revenue leakage

The Federal Executive Council, on Wednesday, approved the installation of Electronic Cargo Tracking Notes for seaports nationwide. It said the ECTN would tackle several challenges, such as the under-declaration, concealment and wrong classification of cargos, which are “the primary causes …

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Buhari should suspend fuel subsidy removal, declare marketers

Buhari’s nationwide address to Nigerians on new naira

  The President, Major General Muhammadu Buhari (retd.) has approved the continuous use of the old N200 as legal tender till April 10. The President made this known on Thursday morning during an address to Nigerians. See the full text …

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NDPB probes banks, telcos, loan sharks over alleged data breaches

NDPB probes banks, telcos, loan sharks over alleged data breaches

  • Puts Nigeria’s data industry worth at N5.5 billion, creates 9,500 • Decries low data protection awareness among public sector The Nigeria Data Protection Bureau (NDPB) has revealed that it is currently investigating four banks, one telecommunications firm, consulting …

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Manufacturers groan as FX crisis worsens

Manufacturers groan as FX crisis worsens

The Manufacturers Association of Nigeria has said that the Central Bank of Nigeria’s processes of allocating foreign exchange have its members in a dire situation. The association said that the manufacturing business was becoming an endangered sector due to challenges …

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Govt mulls logistics routes for trucks, articulated vehicles

Govt mulls logistics routes for trucks, articulated vehicles

  The Lagos State government has said it is considering creating logistic routes for trucks and articulated vehicles as specified in the state transport master plan. The Commissioner for Transportation Dr. Frederic Oladeinde, who revealed this at a stakeholders’ engagement, …

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FG blames Benin Republic for Nigeria’s low imports

FG blames Benin Republic for Nigeria’s low imports

The Nigeria Customs Service has said that the Benin Republic trade policy was hostile to Nigerian traders. The Customs Area Controller in charge of Seme command, Dera Nnadi, said this recently at the command headquarters. He blamed the Benin Republic …

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Truckers lament harsh business environment

Truckers lament harsh business environment

Truckers operating in the country’s maritime industry have blamed the hostile business environment in Lagos State for the constant road crashes involving trucks in the state. The truckers in a separate chat with media source recently said they pay a …

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