Economy SON destroys substandard products worth several billions intercepted in Lagos markets Abiola Seun The Standard Organisation of Nigeria (SON), yesterday destroyed substandard electricity cables, low grade roofing sheets, stuffed new tyres, unapproved cigarettes, Engine oil ... By maritimemagJune 23, 20220
Economy Council targets 40% export through trade houses Abiola Seun With the launch of trade houses in Egypt and Togo, the Nigerian Export Promotion Council, (NEPC) is targeting a 40 per cent ... By maritimemagJune 21, 20220
Economy Nigeria moves to eliminate multiple transportation taxation The Federal Government is perfecting plans to eliminate multiple taxation in the transportation sector, Permanent Secretary, Federal Ministry of Transportation, Dr Magdalene Ajani, ... By maritimemagJune 14, 20220
Economy Stakeholders lists ways to make Nigeria maximase benefits of AfCFTA Segun Oladipupo Stakeholders in the maritime sector have called on the federal government of Nigeria to clear the inland waterways of all impediments ... By maritimemagJune 6, 20220
Economy Maritime agencies embrace National Single Window to automate internal processes Federal Government Agencies under the auspices of the Federal Ministry of Transportation (FMOT), have reached an agreement to digitalize their internal processes, while ... By maritimemagJune 4, 20220
Economy Nigeria orders N1.75 trillion wheat as importation soars The plan by the Central Bank of Nigeria (CBN) to reduce wheat import by 60 per cent in two years under its Import ... By maritimemagApril 8, 20220
Economy Goods produced inside Lagos Free Trade Zone are tax-free – NEPZA Abiola Seun The Nigeria Export Processing Zones Authority (NEPZA), has said goods produced inside the Lagos Free Trade Zone are tax-free. Speaking ... By maritimemagMarch 25, 20220
Customs & Excise Customs tackles CBN over import policy Abiola Seun The Nigeria Customs Service (NCS), on Thursday, reiterated its objection to the introduction of e-valuator and e-invoicing for import and export ... By maritimemagMarch 25, 20220
Economy Clearing Agents Shut Lagos Seaports Over Customs’ VIN Policy On Imported Vehicles Abiola Seun Economic activities were yesterday crippled at the Lagos seaports – Tin-Can Island and Ports and Terminal Multiservice Limited (PTML) as clearing ... By maritimemagFebruary 22, 20220
Economy Nigeria, India pledge collaboration to scale up economic ties. Nigeria and India have made commitments toward scaling up economic ties to enhance investments in the Nigerian economy and create jobs for the ... By maritimemagFebruary 4, 20220
Economy MAN asks CBN to extend implementation of e-invoice , e-evaluator system Abiola Seun The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria (CBN) to extend the implementation of the E-invoice ... By maritimemagJanuary 31, 20220
Economy CBN governor urges manufacturers to halt rising prices of cement Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele,has urged cement manufacturers to halt rising prices of cement in the country. ... By maritimemagJanuary 30, 20220
Economy FIRS breaks all-time record, generates N6.4 trillion revenue in 2021 The Federal Inland Revenue Service (FIRS) has raked N6.4 trillion as revenue in 2021, the highest in its history. The 2021 revenue collection ... By maritimemagJanuary 28, 20220
Economy FEC confirms ratification of Nigeria Customs mutual agreement with S/Africa The Federal Executive Council has confirmed the ratification of the Customs Mutual Administrative Assistance Agreement between South Africa and Nigeria. The Minister, Dr ... By maritimemagJanuary 28, 20220
Economy South-East residents paid highest average price for petrol in December—–NBS The South-East residents paid the highest average price for Premium Motor Spirit (PMS), popularly referred to as petrol, in December 2021, according to ... By maritimemagJanuary 22, 20220
Economy China’s central bank releases pilot version of digital yuan wallet As China’s central bank steps up its effort to create a digital currency, the country has released a pilot edition of its digital ... By maritimemagJanuary 7, 20220
