Saturday, July 24, 2021
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Business

Onne Customs processed N52.6bn export

The Nigeria Customs Service, Port Harcourt Area 2 Command, Onne Rivrs State, said 331.1 metric tonnes of cargo worth N52.6 billion was export through the Onne Port in the first half of 2021. The Free On Board (FPB) value...

Profits of container-shipping line may hit $100b

The latest edition of Drewry’s Container Forecaster predicts that carriers will report earnings before interest and taxes (EBIT) of $80 billion this year, up from the previous estimated $35 billion. The report also indicated that if freight rates surpass expectations...
Only Dangote, BUA, Golden Can Import Sugar, Says CBN

Only Dangote, BUA, Golden Can Import Sugar, Says CBN

The Central Bank on Nigeria has restricted the importation of sugar into the country to three companies: BUA Sugar Refinery Ltd, Dangote Sugar Refinery Plc, and Golden Sugar Company. The CBN stated the reason the three companies were the only...

Major oil marketers protest restriction of import licences to refiners

The Major Oil Marketers Association of Nigeria (MOMAN) and the Petroleum Marketers Association of Nigeria (DAPPMAN) have kicked against the restriction of petroleum import licence to a limited number of refiners as spelt out by the proposed Petroleum Industry...

N10bn fraud: Court threatens to arrest Stella Oduah

A Federal High Court in Abuja, has threatened to issue a bench warrant of arrest on a former Aviation Minister, Senator Stella Oduah, if she fails to appear in court for trial on October 19. The former minister was to...

Customs Seizes 6,000 False Eyelashes From Smugglers

The U.S. Customs and Border Protection says its officials have seized boxes of long lashes from smugglers. The agency said the seizure was made at the Louis Armstrong New Orleans International Airport. Eyelashes The eyelashes, numbering three thousand pairs, were discovered to...
Customs generates over N1tr revenue in six months

Customs generates over N1tr revenue in six months

The Nigeria Customs Service (NCS) said it has generated N1.003 trillion revenue in the first six months of this year. Customs Public Relations Officer, Joseph Attah, stated this on Thursday while addressing journalists in Abuja. Attah said the amount was realized...

MSF warns of food crisis for children in Niger, Nigeria

Doctors Without Borders warned Monday of a major food crisis among children in the Maradi region of Niger, and in northwest Nigeria, just over the border. “A major nutritional and food crisis seems to be developing, so the priority today...

Group blames government agencies for failure of truck e-call up system

The Association of Maritime Truck Owners (AMATO) has blamed the failure of the truck electronic call-up system introduced by the Nigerian Ports Authority (NPA) on “human interference” and corruption by security officers deployed on the port access roads. AMATO Chairman,...

Port terminals are efficient; the problem is bad roads, manual Customs processes — STOAN

The Seaport Terminal Operators Association of Nigeria (STOAN) has said that operations inside the port terminals across the country are well organised and professionally coordinated by port operators, otherwise known as concessionaires. STOAN spokesman, Dr. Bolaji AKinola, who stated this...

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Shipping Firm Slams Fresh Surcharge On Nigerian Importers

A shipping company that operates in Nigeria, Hapag-Lloyd, has increased its freight rate with the review of its Peak Season Surcharge (PSS) on all...

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