Banking. Revenue. TechnoBiz
The Nigeria Customs Service (NCS), Apapa Area Command said it raked into government coffers the sum of N518,046,832,016.84 in the 2020 fiscal year. The Command Comptroller, Mohammed Abba-Kura, who gave these figures at a media briefing held on Tuesday in Lagos, said the revenue generated represented N94,379,835,352.53 increase over the N423.6 billion generated in the […]
Maritime Workers Union of Nigeria (MWUN) has directed its members nationwide to shut ports operations and embark on a three-day warning strike from Monday, December 7, to protest the increasing problem of gridlock on the Apapa-Oshodi Expressway. Specifically, the union linked its planned industrial action to the worsening situation of the major road to the […]
The Nigeria Customs Service (NCS)on Wednesday expressed its displeasure over the rotting of three calibre mobile scanning machines worth millions of Naira at the TinCan and Apapa Ports and urged the National Assembly to assist in ensuring that the machines are installed for use at the ports. A Comptroller of Customs, Mohammed Abba-Kura, gave this […]
The Nigeria Customs Service, NCS, has reported that it generated a total sum of N976.6 billion intothe Federation Account between January and August 2020. The disclosure, which was made public in a document released by the Service’s Public Relations Office, indicated that the larger chunks of the revenue collected were from import duty and Value […]
The Central Bank of Nigeria (CBN) reported that availability of secured credit to households increased from the very worrisome -36% in the first quarter of this year to -7.4% in second quarter (Q2, 2020). The apex bank disclosed this in its latest Nigeria’s Credit Conditions Survey Report for the second quarter. Similarly, it reported a […]
The House of Representatives on Thursday directed its Committees on Marine and Institutions and Public Procurement to commence immediately a probe into the $195 million security contract allegedly awarded to an Israeli outfit to provide security and surveillance on Nigeria’s waterways. The probe of the contract awarded by the Ministry of Transportation was based on […]
The Minister of Transportation, Mr. Rotimi Amaechi, has disclosed that the Federal Government is targeting about N300 billion from the maritime sector if ongoing infrastructure interventions in the sector are completed. Listing some of the projects as including the Deep Sea Project, Amaechi said that government’s current intervention in the sector would in addition to […]
Minister of Transportation, Mr. Rotimi Amaechi, on Thursday disclosed that the Federal Government had approved for the execution of Ibadan-Kano standard gauge rail project the sum of $5.3 billion. The disclosure was contained in a statement issued by minister’s Special Assistant Media, Israel Ibeleme, shortly after the 3rd Maritime Stakeholders Interactive Forum held in Lagos. […]
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, at the weekend described the Appeal Court judgement in the case between the agency and the Nigerian Liquefied Natural Gas (NLNG) Limited over levies payable to the maritime regulator as desirable to the nation’s justice system. The Court of Appeal […]
The National Council of Managing Directors of Licenced Customs Agents (NCMDLCA) has appealed to the Federal Government to take urgent steps towards stopping additional shipping charges being levied by shipping companies on imported cargoes in the country. The group stated that by the imposition of the charges called “the government and port taxes”, the shipping […]