Sunday, May 9, 2021
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Lagos Commodities Exchange to begin gold trading

Lagos Commodities Exchange to begin gold trading

The Lagos Commodities and Futures Exchange is set to begin gold trading with the admission of Dukia Gold‘s diversified financial instruments, backed by gold as the underlying asset. Dukia Gold said the instruments, which would be in form of exchange...
Apapa Customs command generates N65.46bn in April

Apapa Customs command generates N65.46bn in April

The Comptroller of the Apapa Command of the Nigeria Customs Service, Mallanta Yusuf, has said the command generated N65.46bn in April. He said the revenue collected by the command in April rose by N25.59bn when compared to the collection...

Higher cost of cargo clearance imminent as Navy, SON plot return to seaport

Importers and clearing agents might have to brace up for more delays and additional costs in the clearance of their cargoes, as two federal government agencies – the Nigerian Navy and the Standards Organisation of Nigeria (SON) – kicked...

Marginal field operators will grow Nigeria’s oil if supported

The Nigerian government introduced the marginal field development programme in 1996 to help grow the country’s oil and gas production by divesting the majors of dormant discoveries and making the same available to indigenous operators who are nimble enough...

Senators berate Customs for seizing traders’ rice, cash in Ibadan

The Senate Committee on Ethics and Public Petitions on Tuesday decried the invasion of the popular Oja Oba and Bodija markets in Ibadan, the Oyo State capital by operatives of the Nigeria Customs Services (NCS). The NCS officers had last...

Nigeria, ICC Younde forge alliance to tackle piracy in Gulf of Guinea

The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Interregional Coordination Centre (ICC), Yaoundé, have forged an alliance to tackle the lingering piracy that has continued to threaten shipping activities in the Gulf of Guinea (GoG). The duo, in...

Nigeria Customs says log book now mandatory for clearing imported vehicles

Vehicle log book is now a mandatory requirement for the clearance of used vehicles imported into Nigeria, the Nigeria Customs Service (NCS) has said. A vehicle log book is a document that tracks the registration and taxation history of a...

Importers lose N16bn yearly to foreign shipping firms

For about three years now, Nigerian importers have been paying an arbitrary fee of N16 billion yearly as container deposit fees to foreign shipping companies. Executive Secretary, Nigerian Shippers Council (NSC), Hassan Bello, who disclosed this during a press conference...

NIMASA to ensure availability of sulphur compliant fuel

The Nigerian Maritime Administration and Safety Agency (NIMASA) is determined to ensure availability of marine fuels that comply with the regulation by the International Maritime Organisation (IMO) limiting the sulphur in the fuel oil used on board ships to...

Apapa Customs Command Declares 160b as First Quarter Revenue

The Nigeria Customs Service (NCS) Apapa command has declared that it generated a total revenue of One hundred and fifty- nine billion, five hundred and eighty – two million, forty – seven thousand, one hundred and thirty four naira...

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GTBank Grosses N434.7 billion In Full Year

Guaranty Trust Bank Plc’s (GTB) audited financial results for the year ended December 31, 2018, released the Nigerian and London Stock Exchanges, showed gross...

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