The Managing Director of the Nigerian Ports Authority (NPA), Muhammad Bello-Koko, has solicited the support of the Acting Comptroller-General of Nigerian Customs Service (NCS), Adewale Adeniyi, to decongest the Lagos ports and enhance trade facilitation in the nation’s seaports. He also canvassed the NCS’ collaboration in its current efforts to upgrade the facilities at the […]
The Nigeria Customs Service, NCS, at Tin-can Island, Lagos, has impounded two containers from India with tramadol and codeine concealment with Duty Paid Value, DPV worth over N550.3 million. The Command also disclosed that two suspected were arrested in connection with the seizure, with the importer offering over $54,330 (N50 million) to be set free […]
The Centre for the Promotion of Private Enterprise (CPPE), a private sector advocacy group in Nigeria, has charged the Federal Government on the need for strategic and sequencing approach in the implementation of the current reforms targeted at correcting the abuses in the nation’s fiscal and monetary policies to improve the performance of the economy. […]
Investment experts at Bancorp Securities Limited, one of Nigeria’s leading investment research and consulting firms, have projected that trading on the Nigerian Exchange this week would be hallmarked by positive sentiments amid profit-taking activities to characterize trading activities in the current week. The analysts, in the firm’s ‘Weekly Stock Recommendation: Aug 28 –Sept 01 2023’ […]
The Lagos Chamber of Commerce and Industry (LCCI), one of the leading organized private sector (OPS) groups in Nigeria, has charged the President Bola Tinubu-led administration to adopt prudent fiscal measures to spur the nation’s economic growth in view of the slowdown recorded in the second quarter of this year. The Chamber’s Director-General, Dr. Chinyere […]
The Nigerian Communications Commission (NCC) has disclosed that it has created over 1,200 for Nigerian youths in its 27 Emergency Communication Centres (ECCs) located across the geopolitical zones of the country. The commission, in a statement issued by its Director, Public Affairs Department, Reuben Muoka, also promised that more youths and professionals would be employed […]
President Bola Tinubu has said Nigeria it is no longer desirable for Nigeria to continue to service its debt with 90% of her earned revenue in view of the negative implications for the nation’s sustainable growth. The President, who made this remark on Sunday in Abuja while declaring open the annual conference of the Nigerian […]
The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has assured Nigerians that the Federal Government, as part of its current efforts to end petroleum product importation soon, will ensure that the Port Harcourt refinery resumes operations by the end of this year. The minister, who was accompanied by the Minister of State […]
The Nigerian Communications Commission (NCC) has listed one of the major achievements of some of recent policies, especially as it relates to local content development and specifically the ban on the importation of whole-body subscriber identification module (SIM) cards, as improved SIM manufacturing capacity in the country, The Executive Vice Chairman (EVC) of the commission, […]
The Nigeria Customs Service (NCS) has established a Standard Operating Procedure (SOP) for the implementation of Advance Ruling. Advance Ruling is a concept wherein the Customs Administration provides a written decision upon request from the importer concerning valuation, tariff classification, or origin of goods before they are imported. A statement by Chief Superintendent of Customs […]