The Managing Director of the Nigerian Ports Authority (NPA), Muhammed Bello-Koko, has hinted of strategic efforts being made by the management of the authority to ensure smart ports in the country by 2030. The NPA boss unveiled this plan at an event in Lagos, said to achieve the target the NPA board and management would […]
The Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko, on Tuesday advised terminal operators, shipping companies and other stakeholders in the maritime sector to strictly comply with the government’s National Action Plan on Agro- Export Development (NAP-AD) to ensure the achievement of its objectives. Bello-Koko, who made the call at the commissioning of […]
…tasks govt on revitalization of under-performing sectors The Centre for the Promotion of Private Enterprise (CPPE), a leading private sector advocacy organization, has urged the National Bureau of Statistics (NBS) to do more in reporting the maritime sector’s performance in view of the importance of the nation’s gross domestic product (GDP) growth. The Centre’s founder/CEO, […]
The Nigerian Maritime Administration and Safety Agency (NIMASA) has restated its commitment to taking deliberate steps to work with critical institutions and professional bodies to improve the contributions of the maritime industry’s sector to Nigeria’s development. The Director-General of the agency, Dr. Bashir Jamoh, gave this assurance when a branch of the Nigerian Bar Association […]
The Federal Government on Sunday projected that when completed, the Lekki Deep Sea Port project would create 112,000 jobs and by so doing help to partly address the rising unemployment rate in the country. The Minister of Transportation, Alhaji Muazu Sambo, who made this projection while chatting with media men in Jalingo, Taraba State capital, […]
The Nigeria Customs Service (NCS), Port Harcourt Area ll Command, Onne Port, reported that it generated N115.26 billion revenue between January and June this year A statement issued at the weekend by the command’s spokesperson, Mrs. Ifeoma Ojekwu, quoted the Area Comptroller, Mr. Auwal Mohammed, as saying that the collections in the six-month period represented […]
The Nigeria Customs Service (NCS) Western Marine Command (WMC) has intercepted 32 sacks of Cannabis Sativa with a street value of N168 million. The Command’s Controller, Comptroller Abubakar Umar, who made this disclosure on Thursday during his maiden media briefing on the command’s activities from February to May this year in Lagos, said the Command […]
The Board of Directors of Saudi Re, the first reinsurance company established in Saudi Arabia, has recommended a 50% increase in the company’s capital to SAR 1.336 billion (approx. USD 356m) through a rights issue. A news report by Reinsurance News indicated that currently, Saudi Re’s capital stood at SAR 891 million (approx. USD 238m) […]
The Association of Nigeria Licensed Customs Agents (ANLCA) has flawed the Nigeria Customs Service’s (NCS’) rate of duty on used vehicles with HS code 87033320 with 20 percent despite the Service’s claim that the rate is imputed in error. The association’s National Vice President, Dr. Kayode Farinto, in a statement, advised all freight forwarders not […]
The Nigeria Customs Service (NCS) on Tuesday announced the suspension of the implementation of the Vehicle Identification Number (VIN) valuation policy recently introduced on imported (used) vehicles. The Service, in a circular dated March 7, 2022, titled ‘Approval Of Grace Period, To Clear Backlog Of Vehicles’, stated that the suspension took effect from today, Tuesday, […]