Importers have rejected the proposed increase in shipping tariffs by major shipping companies in the country. Acting under the aegis of Importers Association of Nigeria (IMAN), South West Zone, the group described the move as a violation of existing agreements with stakeholders and a threat to businesses and consumers already burdened by high costs. Speaking…
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has inaugurated the Governing Board of the Nigerian Shippers’ Council. The ceremony was held at the Minister’s Conference Room at the Ministry in Abuja. In his address at the event, Oyetola described the inauguration as a significant milestone in strengthening institutional governance and accountability within Nigeria’s…
The Nigerian Ports Authority (NPA) is bolstering the national economy through trade facilitation, infrastructural development, and operational efficiencies. A fresh $60 million investment in green port initiatives by the President Bola Tinubu administration is set to transform port operations in the country by driving a renewed focus on local content development. Data from last year…
As part of its efforts to enhance seamless operations and ease trade facilitation for traders and other stakeholders in the maritime industry, the Nigeria Customs Service (NCS) has formally introduced its One-Stop-Shop Initiative at Zone ‘A’, Lagos, to reduce cargo dwell time at port to 48hrs. The One-Stop-Shop initiative, the service said, “is expected to…
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has been elected Chairman of the Conference of Ministers of the Fisheries Committee for the West Central Gulf of Guinea (FCWC). Upon his election, Oyetola pledged to deepen regional collaboration to combat illegal, unreported, and unregulated (IUU) fishing across West Africa’s maritime corridor, describing the practice…
The Apapa Area Command, Nigeria Customs Service (NCS), has generated N2.4 trillion between January and October 2025, surpassing its total collection for the entire year of 2024 two months ahead of schedule. According to a statement signed by the Command’s Public Relations Officer, Superintendent of Customs Tunde Ayagbalo, the Command also achieved a N304 billion…
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has expressed concern over the growing menace of Illegal, Unreported, and Unregulated (IUU) fishing, vowing that Nigeria will work with regional and international partners to curb the practice. The Minister disclosed this when he received the Chairman and the Secretary-General of the Fisheries Committee for the…
Nigeria is seeking an end to the $1.5billion war risk insurance premiums on Nigerian-bound vessels. Its Minister of Marine and Blue Economy, Adegboyega Oyetola, warned that the outdated surcharge has drained an estimated $1.5 billion from the economy in recent years despite zero piracy incidents in the country’s waters since 2021. “Nigeria has earned the…
The Nigeria Customs Service (NCS) has started consultations with the Nigerian Shippers’ Council (NSC) to address operational hitches arising from the rollout of the trade automation platform, the Unified Customs Management System, popularly known as B’Odogwu. This consultation is a response to freight forwarders and Licensed Customs Agents concerns over delays, demurrage, and disruptions linked…
