Stakeholders in the nation’s economy have advised the Nigerian Customs Service (NCS) not implement four per cent Freight on Customs System (FCS) fee it announced on February 5 this year. Rather, they urged the NCS to engage in wider consultation. Yesterday, the Lagos Chamber of Commerce and Industry (LCCI) called on the NCS to suspend…
As Nigerians await the implementation of the 50 per cent telecoms tariff hike approved by the Federal Government through its agency, the Nigerian Communications Commission (NCC); another four per cent hike by the Nigerian Customs Service (NCS) and yet another 65 per cent from the electricity sector, the citizens were dazed with another 15 per…
The Federal Government will begin the implementation of the International Cargo Tracking Note (ICTN) across the nation’s ports by the second quarter (Q2) of this year. The Executive Secretary/CEO of the Nigerian Shippers Council (NSC), Mr Pius Ukeyima Akutah revealed this in Ibadan, yesterday. Akutah spoke during the Five Year Strategic Management Retreat held with…
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has defended the N12.2 billion budget proposal of the ministry for 2025. The ministry is proposing N11,770,533,003 for the capital budget and N453,856,327 for overhead. The budget was defended at the National Assembly before the Joint Committee of the Senate on Marine Transport and House Committees…
Caverton Marine Limited has signed a concession agreement with Naval Dockyard Limited dwelling on the management, overhaul, and leasing of the boat building Glass Reinforced Plastic (GRP) Warehouse. The signing ceremony held at the Naval Dockyard, Victoria lsland, Lagos, yesterday marked a significant advancement in the development of Nigeria’s marine infrastructure. The agreement underscores…
The Nigeria Customs Service (NCS), Western Marine Command, Lagos has impounded 1,658 loaves of cannabis sativa, weighing 788 kilograms from three suspects all of which have been handed over to the National Drug Law Enforcement Agency (NDLEA). The seizures, alongside other confiscated contraband, had a total Duty Paid Value (DPV) of N182.1 million. The handover…
Nigerian maritime and logistics company Nigerdock has completed an agreement with the Nigerian Ports Authority (NPA) for the commencement of operations of Snake Island Port, an 85-hectare, multipurpose port facility comprising three terminals located within the Snake Island Integrated Free Zone. The concession is for a period of 45 years with an optional extension. Nigerdock’s…
The Nigeria Customs Service (NCS), Apapa Area Command has generated N2.01trllion as at November 19 this year despite the decline in the volume of trade, Customs Area Controller (CAC) Babatunde Olomu told officers and men on a parade. He added that the command aims at achieving its N2.2trillion target for this year by the end…
Nigeria’s House of Representatives is set to probe the abandonment of construction work at the Baro port in Niger State. It also urged the government to deploy technology-driven surveillance systems, such as drones and CCTV cameras, to monitor electricity transmission lines. This followed adoption of two separate motions sponsored by Kayode Ismail and Sani Umar…
