We need container, tanker- vessels to have international trading capacity – Iheanacho

We need container, tanker- vessels to have international trading capacity - Iheanacho

Amaka Anagor-Ewuzie Apr 03, 2024

FESAN decries poor number of registered female seafarers in Nigeria

Why Nigerian seafarers fail to secure jobs onboard foreign ships

APM Terminals Apapa promotes sustainable practices with recycling of tyres

APM Terminals Apapa recycles used lubricants, PPEs to reduce waste

Lekki Port berths 75 vessels with over 100,000 containers in one year

NCS intercepts 21 smuggled vehicles in Lagos

CBN raises Customs FX duty rate for cargo clearing by 2.1%

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Maritime

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Operator expands gate facility at Onne Port to ease cargo movement

Amaka Anagor-Ewuzie Apr 01, 2024

Determined to ease the movement of cargo in the port, West Africa Container Terminal (WACT) has expanded and officially commissioned...

Idle containers expose cracks in Nigeria’s non-oil trade

Here are top four Nigerian ports by operational value

Amaka Anagor-Ewuzie Mar 27, 2024

Nigeria is a major maritime nation in the Gulf of Guinea region. The country has about seven functioning seaports including...

Mobereola assumes office as NIMASA DG, pledges effective communication

Mobereola assumes office as NIMASA DG, pledges effective communication

Amaka Anagor-Ewuzie Mar 27, 2024

Dayo Mobereola, the newly appointed director general of the Nigerian Maritime Administration and Safety Agency, (NIMASA) has assumed duty. In...

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Customs join forces with NEPC to boost export trade

Amaka Anagor-Ewuzie Mar 27, 2024

The Nigeria Customs Service has expressed its readiness to collaborate with the Nigeria Export Promotion Commission (NEPC) to enhance export...

Customs join forces with NEPC to boost export trade Amaka Anagor-Ewuzie The Nigeria Customs Service has expressed its readiness to collaborate with the Nigeria Export Promotion Commission (NEPC) to enhance export trade from Nigeria. Adewale Adeniyi, comptroller-general of Customs, disclosed this during a recent courtesy visit by the management team of the commission to the Customs Corporate Headquarters in Abuja. “Collaborating with the Nigeria Export Promotion Commission will enable Customs to leverage the Commission’s expertise and resources to further streamline export processes, reduce bottlenecks, and create an enabling environment for exporters,” he said. During a joint meeting held at the Customs Corporate Headquarters in Abuja, the Comptroller-General reiterated the importance of redefining exports as a means to increase the volume of outbound trade. He commended Nigeria’s efforts in managing trade but emphasised the need for enhanced support for exports, particularly in the realm of logistics. In response, Nonye Ayeni, executive director of the NEPC, commended the Comptroller-General of Customs for his achievements since assuming office in 2023. She said Nigeria has an abundance of resources especially agricultural products and solid minerals, adding that there is a need for advocacy with relevant agencies to alleviate the challenges faced by exporters. Ayeni emphasised the significance of non-oil exports for economic growth and development, even as she called for collaboration between agencies of government to actualise the “Export 35 redefined” initiative. She also urged sister agencies to actively contribute to minimising logistical challenges exporters face and advocated for establishing aggregation centres to facilitate export. According to her, the meeting with Nigeria Customs is part of NEPC’s commitment to fostering partnerships with key stakeholders in the trade sector to facilitate smoother trade operations and promote economic growth. Ajibola Odusanya, Customs Area Controller of Lilypond Export Command Lagos, highlighted the importance of Nigeria Export Proceeds (NXP) to repatriate export proceeds and emphasised that no formal export can be done without it. He identified the absence of NXP as a significant challenge for exporters, stressing its importance in facilitating trade

SIFAX Logistics supports traffic control with equipment to LASTMA

Amaka Anagor-Ewuzie Mar 27, 2024

SIFAX Logistics Company Limited, a subsidiary of SIFAX Group, has donated some modern office equipment to the Lagos State Traffic...

NPA threatens to delist licences of non-compliant barge operators

NPA moves to sustain traffic flow on Tin-Can Port access road

Amaka Anagor-Ewuzie Mar 27, 2024

Mohammed Bello-Koko, managing director of the Nigerian Ports Authority (NPA), has paid an unscheduled visit to the Tin-Can Island Port...

NCS intercepts 21 smuggled vehicles in Lagos

Respite as CBN further slashes Customs FX duty rate by 3%

Amaka Anagor-Ewuzie Mar 26, 2024

The continued strengthening of the naira in the both the official and parallel markets has brought some measures of reprieve...

Customs withdraws 25% penalty on improperly imported vehicles

Amaka Anagor-Ewuzie Mar 22, 2024

The Nigeria Customs Service (NCS) said it has cancelled the 25 percent penalty previously imposed in addition to the import...

shipping

Shippers say fluctuating customs FX rates, inconsistent policies fuel inflation

Amaka Anagor-Ewuzie Mar 21, 2024

Shippers under the aegis of the National Shippers Association of Nigeria (NASAN), have blamed the accelerating prices of commodities in...

WACT boosts port operations with a container freight station at Onne- 2024-03-20T120002.784 (1)

WACT boosts port operations with a container freight station at Onne

Amaka Anagor-Ewuzie Mar 20, 2024

APM Terminals’ West Africa Container Terminal (WACT) has achieved a significant milestone with the official commissioning of its new Container...

Faster divestment, unlocked deepwater assets key to fixing Nigeria’s oil woes, producers say

IPPG charts path to a sustainable future for independent producers

Amaka Anagor-Ewuzie Mar 20, 2024

Abdulrazaq Isa, chairman of the Independent Petroleum Producers Group (IPPG) has identified ways to drive growth and ensure a sustainable...

SIFAX Group donates food to 500 Ijora residents to mitigate hunger

SIFAX Group donates food to 500 Ijora residents to mitigate hunger

Amaka Anagor-Ewuzie Mar 20, 2024

About 500 residents of the Ijora community in Lagos have benefitted from free food items donated by SIFAX Group, a...

FG commissions new road, marine craft in Onne Port to improve cargo dwell time

FG commissions new road, marine craft in Onne Port to improve cargo dwell time

Amaka Anagor-Ewuzie Mar 20, 2024

Determined to improve cargo dwell time at the port, the Federal Ministry of Marine and Blue Economy, on Tuesday, commissioned...

LFZ secures Customs approval for “Green Channel” with Lekki Deep Sea Port

Port projects risk delay on volatile naira

Amaka Anagor-Ewuzie Mar 16, 2024

Billion-dollar new port and marine projects in Nigeria in their preliminary development stages are contending with higher cost of borrowing...

SIFAX Group appoints Basil Agboarumi as ED

SIFAX Group appoints Basil Agboarumi as ED

Amaka Anagor-Ewuzie Mar 13, 2024

SIFAX Group, one of the leading business conglomerates in Nigeria with investment in Maritime, Aviation, Oil & Gas, Haulage &...

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