Stakeholders’ in the maritime business have lauded the Comptroller General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, for prevailing on government to suspend the four per cent Free-on-Board (FOB) value on imports into the country. FoB value is an instrument used by Customs Administrations to assess import duties and taxes in which freight and insurance costs are excluded. …

Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho has enumerated the multiple advantages Nigeria stands to reap from successful implementation of the National Single Window (NSW) scheme. The NPA boss, who described the NSW scheme which was reintroduced in Lagos Tuesday, as the most strategic port initiative since 2003, said that, with the implementation, the nation’s seaports …

The federal government has announced plans to implement the National Single Window (NSW) in its bid to reduce the cost of doing business in Nigerian ports by at least 25 per cent. The Minister of Marine and Blue Economy, Adegboyega Oyetola, who stated this at a stakeholders’ forum on the establishment of the NSW in Lagos, said the implementation of the Single …

The Managing Director of the Nigerian Ports Authority (NPA), Abubakar Dantsoho, has stated that Nigerian ports can only stay competitive by redoubling their investments. In a statement on Thursday, Dantsoho disclosed this when he undertook an operational and investment tour of the Onne and Rivers Port Complexes. This move according to Dantsoho, was in continuation of his resolve to galvanize …

The Managing Director of the Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho, has urged terminal operators to increase investments in Nigerian ports to enhance efficiency. He also assured operators of the agency’s full support. Dantsoho made this call on Wednesday during an operational tour of the Lagos Ports Complex in Apapa and the Tin Can Island Port Complex. He stressed …

President Bola Tinubu has signed the instruments of accession for six Conventions of the International Maritime Organisation (IMO). The action paves the way for Nigeria to officially deposit these instruments of accesion at the IMO headquarters, which serves as the repository for such conventions. This move is expected to enhance Nigeria’s maritime governance and align its practices with international standards, …

To improve on gains of security in the Gulf of Guinea (GoG), the Navy has deployed five warships, two helicopters and two fast attack boats for this year’s multinational sea exercise, GRAND AFRICAN NEMO 2024. The exercise, a force multiplier executed with navies of Benin and Togo, as well as allies from United Kingdom, France and Spain, seeks to foster …

The Minister of Marine and Blue Economy, Gboyega Oyetola, stunned federal lawmakers on Tuesday when he declared that a multi-billion-dollar cargo tracking agreement entered into by the federal government of Nigeria, regarding the International Cargo Tracking Notes (ICTN) was done in error. The minister stated this while being quizzed by a House of Representatives investigative panel, probing the delay in …

The Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola has expressed Nigeria’s interest to seek election into Category ‘C’ of the International Maritime Organisation (IMO) Council. At the 2024 World Maritime Day parallel event in Barcelona, Spain, the minister noted that Nigeria has put in place the basic needs to develop the nation’s maritime industry in line with recognised …

Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, will on Friday lead the foundation-laying ceremony for Inland Dry Port in Ogun State. The port, located at the site of the proposed Dry Port City at Soderu Village, Itori, in Papalanto-Ewekoro axis of the state, is part of ongoing efforts to boost economic growth and industrialisation in the state. This …