Arbitrary customs duties negate WTO rules, threaten auto industry
The recent closure of vehicle dealerships across Nigeria has unearthed disturbing information that the Nigeria Customs Service may have contrived its own import trade Duties outside the rules established by the World Trade Organisation (WTO) that are binding on the country.
Navy arrests suspected smugglers, seizes 1,072 bags of rice, others
The Nigerian Navy (NN), Forward Operating Base (FOB), Ibaka, in Mbo Local Council of Akwa Ibom State, has vowed to take the fight against smuggling in the riverine area of the state to the communities.
Porous borders, unending rice smuggling weighs on local production
Notwithstanding all efforts to promote local production of rice in the country, the protracted smuggling of the commodity appears to have grown to the extent of dominating the market, just as it suck away the foreign exchange by way of capital flight. Rice is actually the most preferred staple food for Nigerians, This make it…