The Nigeria Customs Service (NCS) will henceforth keep over four per cent of the free-on-board value of imports for its operations in line with international best practice as provided by its enabling act. This is the first time since its inception the service will finance its statutory responsibilities from the revenue it generates as provided…
Developed countries are increasing ship financing, especially with the move to green shipping, while Nigeria is yet to disburse the Cabotage Vessel Financing Fund (CVFF) to enable indigenous ship ownership to grow the industry. According to a recent Petrofin Index for Global Ship Finance report, financing for green shipping is on the rise. The yearly…
The Nigerian Ports Authority (NPA) has assured navigational safety for all stakeholders operating legally in the Warri Pilotage District, despite the urgent need for breakwater reconstruction. This is just as NPA pilots enabled the safe berthing of inbound vessels – MT Zonda and MT Stellar as well as outbound vessel MT Duke, MT Vardar and…
Stakeholders have tackled Nigeria’s lack of preparedness towards decarbonising its maritime industry in line with the International Maritime Organisation’s (IMO) move to address challenges posed by climate change, especially the GreenHouse Gas (GHG) emissions in the shipping industry. This is coming after the Nigerian Maritime Administration and Safety Agency (NIMASA) joined other member nations of…
Nigeria Customs Service (NCS) has said it is set to redefine its operations with the use of Generative Artificial Intelligence (AI) solutions like ChatGPT and advanced geo-spatial intelligence approaches such as GEOINT. According to the NCS, these technologies present immense potential for enhancing communication, decision-making processes, and enforcement operations within Customs. The National Public Relations…
The Acting Executive Chairman of Economic and Financial Crimes Commission (EFCC) Mr. Abdulkarim Chukkol, has urged Nigerians not to wait until they suffer any loss before they move against corrupt practices. This is contained in an address he delivered at a one-day media Training/Workshop organized by the EFCC for print/electronics/online reporters in Ilorin, the Kwara…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied the alleged plan by the association to increase the pump price of Premium Motor Spirit (PMS), also known as petrol, to N700 per litre nationwide. The Chairman of IPMAN South-west Zone, Dele Tajudeen, stated this in an interview with the News Agency of Nigeria (NAN)…
Electricity Grid • NERC maintains silence over July 1 take-off • May quietly approve new tariff • Consumers experience vending challenges amid panic buying • Hike unavoidable but Ill-timed, experts insist There is apprehension in the country over the planned introduction of a new electricity tariff regime, which is expected to take off today. With…
perm count among men worldwide is falling at an accelerated rate after halving over the last 40 years, a large new study said Tuesday, calling for action to stop the decline. The study, led by Israeli epidemiologist Hagai Levine, updates 2017 research that had come under scrutiny for only including North America, Europe, Australia, and…
The Nigerian Maritime Administration and Safety Agency (NIMASA) has raised the alarm over “a fraudulent employment scheme currently making the rounds online, and especially on various social media platforms”. In a statement it issued on Friday, the agency said fraudulent persons have also been known to contact innocent people through e-mail, social media and other…
