Maritime

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 …

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 …

There is an indication that the five faulty scanners at the Apapa ports have been abandoned as the Federal Government rejects proposal to repair them at a cost of N753 million. This development comes at the backdrop of the move by the government to acquire 300 new scanners at the …

…Falsely claims yard ownership …Can’t show proof of capital investment Evidence has emerged that Samsung Heavy Industries Nigeria Limited, SHIN, alledgely collected US$214 million from Total Upstream Nigeria for construction of a shipyard for Nigeria as part of the multi-billion-dollar Egina project, but is now claiming ownership of the yard. …

The lack of smooth business operations at the ports due to system failure has continued to set stakeholders and Standards Organisation of Nigeria (SON) against each other. The system failure witnessed by the Standards Organisation of Nigeria (SON) at the port has caused the industry to lose N84 billion within the past two weeks. The failure, …

The Secretary to the Government of the Federation, Boss Mustapha, has said that the country is eyeing to be part of the top 70 compliance country on the World Bank Ease of Doing Business (EoDB) by the year 2023. This is even as he commended the Presidential Enabling Business Environment …

Recently, the Nigeria Customs Service (NCS) intercepted a container with imported soups (stew) and some other eatable items worth N27, 960,000 from China. The container, which was cleared from one of the ports in Lagos, was intercepted by the Customs CGC Strike Force team as a result of information provided …

FOLLOWING the seizure of pots of soups imported from China in Lagos by men of the Nigerian Customs Service (NCS), findings have revealed that the importers of the consignment have disappear into thin air The spokesman of the CGC Strike Force, Mr. I. K. Angulu, stated that investigations were still …