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LCCI Advocates Dispute Resolution Framework Between Customs, OPS

The Lagos Chamber of Commerce and Industry (LCCI) on Sunday canvassed the need for the Federal Government to create an independent dispute resolution framework to manage conflicts between the Nigeria Customs Service (NCS) and the business community. The Director-General of LCCI, Dr Muda Yusuf, in a statement maintained that the presidential intervention had become inevitable, […]

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Port Agencies Mull Joint Inspection Of Vessels At Seaports

The Nigerian Shippers’ Council (NSC), Nigerian Ports Authority (NPA), Nigeria Customs Service (NCS), Nigerian Immigration Service (NIS), the Department of State Security Service (DSS)and other relevant agencies on Thursday harped on the need for collaboration on boarding, inspection of vessels calling at Nigeria seaports. This proposal was among the key considerations during the agencies’ meeting […]

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Norway Rues Stockfish Inclusion In Nigeria’s Import Prohibition List

The Norwegian Seafood Council has expressed its opposition to the inclusion of stockfish in Nigeria’s list of prohibition food items to be imported into the country. Expressing his country’s concerns over the monetary policy of the Central Bank of Nigeria (CBN) on Thursday at a two-day Seafood Seminar in Lagos, the incumbent Minister of Fisheries […]

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Stockfish Dealers Seek Foreign Exchange To Boost Importation

The Stockfish Dealers Association on Thursday appealed to the Federal Government to grant its importer members access to the Foreign Exchange (forex) official windows to source foreign currencies needed to boost their stockfish importation business. A news report by the News Agency of Nigeria (NAN) indicated that the leadership of the association made the call […]

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NAFDAC Threatens To Sanction Fraudulent Clearing Agents, Importers

The National Agency for Food and Drug Administration and Control (NAFDAC) at the weekend cautioned all clearing agents and importers circumventing guidelines on the importation of food and drugs through the nation’s ports to immediately desist or face the full weight of the law for such despicable economic sabotage acts. The Director General of NAFDAC, […]

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NCS Apapa Command Generated N518.046Bn In 2020 – Comptroller

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 […]

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Maritime Workers To Begin 3-Day Warning Strike From Monday

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 […]

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Customs Service Rues Rot Of Ports’ Scanners, Reps To Investigate

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 […]

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Customs Service Generates N976.6Bn In Half Year 2020

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 […]

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Credit To Households Up -7.4% In Q2, 2020 – CBN

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 […]