For Nigeria, the advent of commercial oil automatically shifted the interest of Africa’s largest country away from agriculture, and maritime businesses for decades, with attendant implications on the ailing economy.
Seme Customs revenue drops over ban on land borders vehicles importation
Its Public Relations Officer (PRO), Selchang Taupyen, who confirmed the figures in a statement, said the recent development (ban on vehicle importation through the land borders) had a negative impact on the revenue drive of the Command.
New global shipping treaty to unlock $30b investment
The Ballast Water Management (BWM) Convention of the International Maritime Organisation (IMO), is poised to unlock an unprecedented estimated private sector investment of about $30b in the next few years.
APM Terminal’s boss restates commitment to Nigerian ports
Identifying huge growth potential, the Chief Executive Officer of APM Terminals, Morten Engelstoft, has expressed the company’s commitment to further investment in the Nigerian ports.
Government initiates new procedures to ease cargo clearance
Determined to ease the challenges of doing business, the Federal Government has introduced new procedures that would ease cargo clearance at the ports.
Inland Containers sues for more locomotives, wagons to boost operations
To curb the challenges in developing a dry port, Inland Containers Nigeria Limited (ICNL), operators of the Kaduna Dry Port, has called on the Federal Government to extend another rail track, and also purchase more locomotives and wagons to boost its operations.
NIMASA set to host 32 nations’ maritime administrators
As the maritime development gathering gathers momentum, President Mummadu Buhari will on April 20th meet a body of African maritime leaders under the aegis of Association of African Maritime Administration...
Nigeria loses N10bn monthly to lack of activity at Tin Can Port II
The Association of Nigerian Licensed Customs Agents (ANLCA), says the Federal Government loses more than N10 billion monthly because of inactivity at Tin Can Port Area two, Lily Pond, Ijora, Lagos.
Licensed clearing agents petition Presidency over non-constitution of Customs Board
The agents are worried over the lacuna, as the non-existence of the Board of Directors automatically makes Ali a sole administrator of Customs, which is at variance with the provisions of CEMA.