Budgeting Economy News Extra Latest News Maritime Transportation

FG Approves $5.3Bn For Ibadan-Kano Rail Project

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. […]

Economy News Extra Latest News Maritime Revenue Taxation

Peterside Lauds Appeal Court Judgment On Agency/NLNG Case

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 […]

Economy News Extra Latest News Maritime Tax

Licensed Customs Agents Seek FG’s Intervention Over Port Charges

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 […]

Economy News Extra Latest News Maritime Revenue Agencies

Clearing Agents Decry Customs’ Multiple Clearance Units At Ports

Licensed freight forwarders have decried what they described as the proliferation of Customs units at the Lagos ports, alleging that the units are being used to extort them and make the cargo clearance procedures more cumbersome. In addition, the concerned agents also alleged that the multiple Customs units aside complicating the clearing process, but have […]

Economy News Extra Latest News Maritime National Assembly Transportation

Senate Committee Rues Slow Pace Of Apapa Trailer Park Project

The Senate Committee on Works has expressed serious concern over the slow pace of the ongoing shoreline protection of the Apapa trailer park project in Lagos. The Chairman of the committee, Sen. Kabiru Gaya, who led members on an inspection tour of the facility’s project on Sunday expressed dismay over the current state of the […]

Economy News Extra Latest News Maritime

Gulf Of Guinea Crucial To Regional Food Security Agenda – Peterside

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside, has harped on the importance of the Gulf of Guinea to food security in West and Central African sub-region and charged the various governments to prevent illegal activities that may hamper food supply in the sub-region. Peterside gave this charged […]

Economy News Extra Latest News Maritime

Nigeria Loses $25bn On Freight Business In Three Yrs – Bello

The Executive Secretary, Nigerian Shippers Council (NSC), Hassan Bello, at the weekend disclosed that Nigeria lost about $25 billion as opportunity loss to foreign ship owners between 2015 and 2017 due to absence of a national fleet. Bello, who made the disclosure when the Nigerian Fleet Implementation Committee paid a courtesy visit to the Minister of […]

Economy News Extra Latest News Maritime

Clearing Agents Petition FG Over Cargo Diversion From Ports

Licensed customs clearing agents in the country have said that the increase in transport cost in Nigerian ports that started two years as primarily responsible for the diversion of cargo from the nation’s ports to neighbouring West African ports. They noted that the situation had been worsened by delay being suffered due to gridlock on […]

Latest News Maritime

Shippers Council Suspends $400 Surcharge On Cargoes

The Nigerian Shippers’ Council (NSC) on Tuesday announced the suspension of  the $400 surcharge earlier imposed by some shipping companies on cargoes berthing at Apapa and Tin-Can Island Ports. The Executive Secretary of the Council, Mr Hassan Bello, said that the decision to suspend the penalty was taken after a closed door meeting with stakeholders […]

Latest News Maritime Transportation

NPA Assures On Addressing Lagos Ports Access Roads’ Hiccups

The Nigerian Ports Authority (NPA) has said it is making every effort to restore normalcy to the chaotic transportation situation along Lagos ports access roads. The Managing Director of NPA, Hadiza Bala Usman, said this on Monday in Lagos, at a colloquium organized in honour of the former President, Association Of Licenced Customs Clearing Agents, […]