The Apapa Area Command of the Nigeria Customs Service(NCS) said it recorded 14.6% increase in revenue collection during the fiscal year 2023 despite a decline in trade volume. Controller of the command, Comptroller Babajide Jaiyeoba said the command achieved a …
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Oyetola The Minister of Marine and Blue Economy, Adegboyega Oyetola is expected to grace the first 2024 quarterly meeting of Nigerian Ports Consultative Council(PCC) scheduled for Thursday, 25th January 2024 at Federal Palace Hotel and Casino, Victoria Island, Lagos Heads of maritime …
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Largest Container Vessel in Nigerian Waters The Nigerian Ports Authority (NPA) has taken trade facilitation a notch higher with the berthing at the Lekki Deep Seaport of the largest container carrier to sail on Nigerian territorial waters on Sunday 21st …
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Foreign Airlines Foreign airlines repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown. Data from the apex bank’s Balance of Payment compilation revealed that airlines withdrew (as debits) $1.76bn (converted to naira at …
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Revenue generating agencies, Nigeria Customs Service, Federal Inland Revenue Service and Nigerian Upstream Petroleum Regulatory Commission shared N53.5bn as cost of revenue collection in November. The Federation Account Allocation Committee disbursed the sum of N1.35tn to the three tiers of …
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Oyetola The Federal Government said it is considering the Public-Private Partnerships option to oversee the installation and maintenance of scanning technology at the nation’s ports. This was disclosed in a statement on Monday after the Minister of Marine and Blue …
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Nigerian Association of Master Mariners (NAMM) has advised that the extension of the nation’s maritime domain by an additional 20 Nautical Miles (NM) should strengthen the monitoring of fishes, which are poached due to illegal, unreported, and unregulated fishing. The …
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The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, has lamented the low trade volume in Africa and the stagnant growth in the continent’s trade. Adeniyi was worried that the African trade system had not grown beyond 14 …
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The European Union’s (EU) new customs pre-arrival safety and security system – Import Control System 2 (ICS2), is set to introduce a new process for the entry of goods by maritime, inland waterways, road and rail from June 3, 2024. …
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The Central Bank of Nigeria has paid $2bn to clear a part of its backlog of matured foreign exchange obligations to the Deposit Money Banks. Reports have put CBN’s forward contract obligations to banks at $7bn. The delay in the …
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President Bola Tinubu President Bola Tinubu, on Thursday, appointed six new executive directors in the Nigerian Ports Authority and the Nigerian Maritime Administration and Safety Agency. Both agencies are under the Federal Ministry of Marine and Blue Economy. Special Adviser …
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Licensed customs agents have urged the Federal Government to address the issue of exchange rates and taxation to boost the maritime sector. In separate chats with The PUNCH in Lagos on Tuesday, the agents also called on the government to …
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Truck drivers claim that Truck Transit Park Limited has failed to address the issue of traffic congestion on the port access road through the electronic call-up system, Eto, which was introduced by the Nigerian Ports Authority. The National President of …
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Seafarers under the auspices of the Maritime Professional Forum have criticised the Nigerian Seafarers Development Programme, through which the Nigerian Maritime Administration and Safety Agency trains cadets abroad. The President of MARPRO, Segun Akanbi, told The PUNCH on Tuesday that …
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The Nigeria Customs Service has begun the implementation of the Federal Government’s 100 per cent duty waiver for all processed Compressed Natural Gas and imported liquid petroleum gas. The National Public Relations Officer of the NCS, Abdullahi Maiwada, disclosed this …
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The Federal Ministry of Agriculture and Food Security has commenced the 2023/24 dry season farming to boost production and enhance national food security. The irrigation project targets 200,000 to 250, 000 hectares of arable land, which is projected to produce …
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Skyway Aviation Handling Company Plc says it has won the contract to take over the ground handling services to Ethiopian Airlines at the Murtala Muhammed International Airport. In a statement on Monday, it would be providing ramp handling services, cargo …
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Despite the skyrocketing cost of rice and the recent halt on the ban of foreign exchange for its imports, the crop is still a restricted commodity, the Nigeria Customs Service has declared. Rice, a staple food widely consumed in Nigeria, …
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Godwin Emefiele …says ex-CBN gov sold banks without payment evidence, recommends lenders’ forfeiture to FG Report reveals how former apex bank boss approved interest-free loans for cronies The report of the special investigation into the activities of the Central Bank …
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Godwin Emefiele, Former CBN Governor The Special Investigator probing the Central Bank of Nigeria (CBN), Jim Obazee, has discovered 593 bank accounts located in the United States, United Kingdom and China in which the Central Bank of Nigeria (CBN), under …
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