President Muhammadu Buhari on Saturday said that his administration has approved four new seaports to create employment opportunities and foreign investment inflows across the country. The President, who disclosed this in his national broadcast to commemorate Democracy Day, said four new seaports have been approved to be constructed under Public-Private-Partnership …
Read More »20 Countries Lift Travel Restriction on Vaccine Passport Holders
More than 20 countries have wholly or partially lifted travel restrictions for vaccine passport holders ahead of the summer travels. International carriers have applauded the growing number of countries making data and “evidence-driven” decisions to open their borders to vaccinated travellers, urging more countries to fall in line. Among the …
Read More »Total Ban on Okada Takes Effect in Two Months, Says Sanwo-Olu
…Launches 500 Secure First-and-last Miles Buses …Injects 100 High, Medium-Capacity Buses for Standard Routes …FLM Scheme Comes With Life Insurance for Passengers, Drivers Lagos State Governor, Babajide Sanwo-Olu on Tuesday revealed that the total ban on commercial motorcycles popularly called Okada will take effect in two months. The Lagos State …
Read More »Airlines Record 73% Traffic Slump Amid Restrictions, Quarantine
Airlines in Nigeria and other African countries have recorded 73.7 per cent slump in passenger traffic for the month of March 2021. The downturn, though a global trend, is not unconnected with travel restrictions and quarantine in many countries. The International Air Transport Association (IATA), in the March passenger traffic …
Read More »Nigerian Seaports Remain Underdeveloped, Ranks Low in West Africa – LCCI laments
The Lagos Chamber of Commerce and Industry (LCCI) has expressed concern over the state of the country’s seaports, saying this has continued to complicate the ease of doing business at the seaports environment with gross implications for investment promotion. The President, LCCI, Mrs Toki Mabogunje, said at the virtual inauguration …
Read More »FG Reviews Passport Processing Time to Six Weeks
The Federal Government has said it is turning around the entire passport application process by the Nigeria Immigration Service (NIS) to Six weeks, so as to ensure seamless, transparent, as well as according human dignity to applicants and fulfil citizenship integrity, in line with the mandate of the Ministry of …
Read More »FAAN Alerts Security Chiefs on Plot to Attack Nigerian Airports
The Federal Airports Authority of Nigeria (FAAN) has warned Airports Security Chiefs of planned attacks on six airports in the country. This warning comes on the heels of recent attacks on the Kaduna International Airport by bandits during which members of staff of Federal Airport Authority were abducted. This …
Read More »Tin-Can Port Customs Generates N112.7 Billion in Four Months – NCS
The import revenue generation at the Tin-Can Island Command of the Nigeria Customs Service (NCS) rose by 23 per cent to N112.7 billion in the first quarter of 2021. The increase of N21.05bn was higher than the N91bn earned in the same quarter of 2020. A statement issued by the …
Read More »Belgium Eyes Prospects in Nigerian Ports
Investors from Belgium have expressed interest in the National Maritime Transport Policy being developed by Nigeria. Executive officers of the Port of Antwerp International, a Belgium port, stated this in Lagos during a meeting with Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Bashir Jamoh, according to a …
Read More »CBN Sanctions Exporters with Unrepatriated Export Proceeds from Banking Services
The Central Bank of Nigeria (CBN) has announced the prohibition of all Nigerian exporters who are yet to repatriate their export proceeds, from banking services effective from January 31, 2021. The apex bank has a standing policy that instructs exporters to repatriate exports within 90 days for oil and gas and 180 …
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