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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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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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 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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The Chief Executive Officer of the Lagos Free Zone, Dinesh Rathi, has said that the newly commissioned Lekki deep seaport would boost Nigeria’s economy by increasing the volume of trade and attracting more foreign direct investment. Raith, who spoke recently …
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The Deputy Minister for Overseas Koreans and Consular Affairs, Republic of Korea, Choi Yeong, says Nigeria is the gateway to unlocking the potentials of the African Continent’s Blue Economy. Choi Yeong who made the assertion during a courtesy call on NIMASA …
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African airlines have recorded a 1.4 per cent fall in cargo demand year-on-year, according to the International Air Transport Association’s analysis of the global air cargo industry for 2022. Air cargo demand is a useful barometer of global and regional …
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The absence of intra- regional connectivity has been identified as a prime factor that could impede the flow of trade in Africa within the context of the African Continental Free Trade Agreement(AfCFTA). This has become a major preoccupation of maritime and trade experts …
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The Federal Government has declared Funtua Inland Dry Port in Katsina State as a port of origin and final destination for import and export of cargoes. This implies that the Inland Dry Port is empowered to operate shipping businesses …
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The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has called for deeper private sector participation in the blue economy initiative to harness greater benefits from the maritime industry. Delivering a paper in Lagos …
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The Minister Of Transportation, Mu’azu Jaji Sambo has commended President Muhammadu Buhari on the commissioning of the Dala Inland Dry Port, Zawachiki, Kano. The Minister said Buhari deserves to be commended for his unwavering support of the development of …
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Comptroller Ben Oramalugo on Wednesday assumed duty as the new Customs Area Controller(CAC) Kebbi Customs Command .He took over from Compt. Abdullahi Kazaure. Speaking shortly after taking over in a brief ceremony held at the Command Headquarters in Birnin …
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Sequel to the redeployment of Customs Area Controllers by the management of the Nigeria Customs Service, NCS Comptroller Abdulhamid Ma’aji has handed over the leadership of Nigeria Customs Service, Sokoto/Zamfara Area Command to Comptroller Musa Omale PhD. Speaking at …
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The scarcity of the new naira notes took a worse turn on Monday as currency racketeers took advantage of the situation to exploit Nigerians who were desperate to obtain the currencies. In Abuja, the nation’s capital, Lagos, Anambra and other …
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The new Customs Area Controller(CAC) of Western Marine Command of Nigeria Customs Service(NCS), Compt. Salefu took office from the outgone Compt. S.D. Adamu on Wednesday, last week. Speaking at the handover ceremony, Compt. Salefu called for the cooperation of officers and …
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At last, President Muhammad Buhari will on Monday 31st January 2023, commission the Dala International Inland Dry Port at Zawachiki in Kumbotso local government area of Kano state. The Managing Director, Ahmad Rabiu stated this while addressing newsmen on …
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The Nigeria Customs Service (NCS), Tin Can Island Port Command, generated revenue of N574.3 billion in 2022 with a decrease in tonnage of export from 1,723,986.8 in 2021 to 336,179.5 in 2022. The Customs Area Controller (CAC), Tin Can Island …
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In preparation for the disbursement of the $400m Cabotage Vessel Finance Fund(CVFF),the five selected banks called Primary Lending Institutions(PLIs) have advised indigenous shipowners to imbibe business culture while assuring prompt disbursement as conditions are met. The Managing Director of Jaiz …
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The Federal Government has stated that the Nigeria-Niger Republic rail project would boost trade and other socioeconomic interactions between both countries. A statement by the Director, Press and Public Relations of the Ministry of Transportation, Henshaw Ogubike, said the minister …
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The decision of the Governing Council of the Council for the Regulations of Freight Forwarders in Nigeria(CRFFN) to appoint the Director of Regulations and Enforcement Mrs. Chinyere Uromta as Acting Registrar has been described as a violation of CRFFN Act of 2007, therefore amounts …
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