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 Managing Director/Chief Executive Officer of Duport Midstream Company Limited, Dr. Akintoye Akindele, has opened up on a business dispute he had with the family of the late MKO Abiola, saying that insinuations that he engaged in fraudulent acts in the deal by his business rivals through cronies are unfounded and totally mischievous. Speaking on […]
A new quarterly report from Artemis, an ILS-focused publication, has indicated a huge $7.1 billion of catastrophe bond and related insurance-linked securities (ILS) issuance in the second-quarter of 2023, raising the H1 2023 issuance to a record of more than $10.3 billion. According to the latest data from the just published Artemis Deal Directory, the Q2 […]
…..grants approval to six firms for fuel importation in July The Federal Government on Monday gave ship owners operating on Nigeria’s waterways a three-month deadline to settle their accumulated taxes over the past decade, which run into billions of Naira in arrears. It threatened to bar the ship owners from operating in the country’s ports […]
…. first of its kind in Africa The Federal Government on Friday inaugurated Bollard Pull Tug Boats (vessels) at the Lagos ports acquired by the Nigerian Ports Authority (NPA) in furtherance of its sustained drive provide efficient domestic cargo needs, win back transit cargo from neighbouring countries and also to meet the maritime needs […]
The Nigerian Ports Authority (NPA) has inaugurated modern control towers for the Lagos and Tin Can Island Port complexes as part of its sustained drive of transforming the Nigerian maritime logistics hub into sustainable port services in Africa. The Managing Director/CEO of NPA, Mr Mohammed Bello-Koko, said at the inauguration of the towers on Thursday […]
Recognising the enormous foreign currencies that could be mobilized by Nigerians in diaspora for maritime sector growth, the Nigerian Maritime Administration and Safety Agency (NIMASA), has appealed to them to consider investing in the country’s maritime sector in view of the great potential for return on their investments in the sector. The agency’s Director General, […]
The Nigerian Ports Authority (NPA) has commended the leadership of the Maritime Workers Union of Nigeria (MWUN) for its commitment to the welfare of the workers, especially in ensuring increases in salaries of the employees. The NPA’s Managing Director, Mr. Mohammed Bello-Koko, who gave the commendation to the union in a statement issued on Tuesday, […]
The Nigeria Customs Service (NCS), Apapa Command, has reported that it generates N1.02 trillion as revenue to the Federation Account in 2022 fiscal year, representing 16.07 percent improvement over the N870.38 million it generated in 2021. The Command’s Controller, Malanta Yusuf, who disclosed this in Lagos, attributed the improved performance of the Command to his […]
President Muhammadu Buhari in the early hours of Tuesday signed the Federal Government of Nigeria’s N21.8 trillion 2023 budget into law following last week’s passage of the Appropriation Bill 2023 by the National Assembly. A statement by the Ministry of Finance, Budget and National Planning which was also confirmed by a media aide in the […]