Customs, Others Split N54bn In November- FAAC

In November, revenue-generating agencies, including the Nigeria Customs Service, Federal Inland Revenue Service, and Nigerian Upstream Petroleum Regulatory Commission, split N53.5 billion in revenue...

We Won’t Fail To Meet Our N5.1trn Revenue Target- Customs

The Nigeria Customs Service (NCS) claims it cannot afford to let the country down by failing to meet its N5 trillion collection target for...

Nigeria Records N7.5tn Trade Loss With China – NBS

Nigeria-China trade balance climbed to N7.54 trillion in the first nine months of 2023. According to a National Bureau of Statistics report, the bilateral...

Power Crisis Increases Product Costs by 40%, Says Report

A new report by Nanyang Technology University’s Centre for African Studies reveals that Nigeria's inadequate electricity supply adds 40% to the cost of manufactured...

FG Increases Cargo Clearance Fees Rate To N951/$

The Federal Government through the Central Bank of Nigeria, has raised the exchange rate for cargo clearance from N783/$ to N952/$. This is coming...

Nigeria Increases Total Exports By 74% in 12 Months

Nigeria's exports increased by almost 74% during the previous year, according to the most recent numbers provided by the statistics office. The National Bureau...

GuarantCo Backs Lagos Free Zone With ₦20.23 Billion Counter-Guarantee

GuarantCo, part of the Private Infrastructure Development Group (PIDG), has provided ₦20.23 billion (USD 25 million) counter-guarantee with a sixteen-year tenor to InfraCredit in...

Fed. Govt Calls For Intervention To Help Evacuate Ports Cargo

The Federal Government has demanded actions regarding the evacuation of goods from African ports. During the 43rd annual council meeting of the Port Management...

Lagos Free Zone wins Industrial Champion Category at the Global Free Zones of the Year 2023 Awards

Lagos Free Zone (LFZ) the first deep seaport-based private free trade zone in Nigeria has won Industrial Champion category of the Global Free Zones...

Curacel, SHiiP Partner To Enhance Shipping Insurance Services

Curacel, a leading provider of digital insurance solutions, is excited to announce its strategic partnership with SHiiP, a premier logistics and shipping platform. This...

Top 7 Things To Know About Customs Agreement With Benin Republic

In a bid to facilitate trade and promote cooperation, the Nigerian Customs Service (NCS) has joined forces with the Benin Republic customs authorities. The...

Nigerians Can Import, Clear Goods Through Cotonou Ports – Customs

Nigerian importers who intend to import goods through Cotonou Ports in Benin Republic can now do so legally. According to a communique issued at the...

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