There are worries about the military continuous burning of vessels caught with stolen crude on the nation’s waters, as stakeholders claimed that the actions are aimed at destroying evidence of the crimes. This is coming on the heels of the incessant burning of vessels involved in crude oil theft by security operatives. A United States…
The Chief Executive Officer of APM Terminals Nigeria, Frederik Klinke, said implementing technology would increase the capacity and efficiency of the country’s ports. Speaking on the sidelines of the Nigerian Ports and Trade Investment Forum 2023 held in Lagos, Klinke said technology can help build collaboration between government agencies and the private sector to find…
Months after the Nigeria Customs Service Act (NCSA) 2023 was assented to by ex-President Muhammadu Buhari, the legislation has again been rejected by stakeholders who claim their inputs were not accommodated in the final draft. The NCS Act, which they said comes with clauses that hinder import, export, manufacturing as well as other international trade…
Customs Area Controller of Tin Can Island Port command, Dera Nnadi, said the command is faced with the big task of achieving 48 per cent of the N800 billion revenue target for the year in the remaining months to the end of 2023. Nnadi stated this as he assumed duty as the 20th area controller…
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…
