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
Economy Nigeria recorded 37.1% trade deficit in Q3 2021—NBS With Nigeria’s total trade volume at about N13.24 trillion in the third quarter of 2021, the country’s trade deficit for the period stood ... By maritimemagJanuary 4, 20220
Economy How CBN’s five-year development plan will stimulate Nigeria’s economy The Director of Corporate Communications, Central Bank of Nigeria (CBN), Nwanisobi Osita, has said the five-year development plan embarked upon by the governor ... By maritimemagJanuary 3, 20220
Economy NPA appoints new General, Assistant – General Managers Abiola Seun The Nigerian Ports Authority (NPA) has announced the appointment of some senior staff, seven as General Managers and 10 as ... By maritimemagDecember 24, 20210
Economy Yuletide: Pressure on forex as Nigeria’s reserves falls to $40.66bn Abiola Seun Nigeria’s foreign reserve dipped $485.41 million to settle at $40.66 billion from $41.15 billion as of 1 December 2021. This is according to the latest figures obtained ... By maritimemagDecember 23, 20210
Economy Nigeria spends $1.41bn on food imports in eight months Abiola Seun The foreign exchange used for the importation of food products into Nigeria from January to August this year rose to $1.41bn ... By maritimemagDecember 6, 20210
Economy NEPC begins training of Nigerians on enhanced export trade Abiola Seun The Nigerian Export Promotion Council has intensified its engagement with farmers, food processors and stakeholders involved in export trade to increase ... By maritimemagDecember 2, 20210
Economy South-East traders kick against new increment in Customs import duty The South-East Amalgamated Markets Traders Association (SEAMATA), said it has rejected the recent increment in the import duty on cargoes charged by the ... By maritimemagDecember 1, 20210
Economy UN warns of soaring prices in 2022 due to freight rate spike The United Nations has warned that a surge in container freight rates could mean higher prices for consumers next year unless pandemic-fuelled problems ... By maritimemagNovember 22, 20210
