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Government fast tracks bill against sea pirates, illegal trade

Speaker of the House of Representatives, Yakubu Dogara Determined to ensure optimum safety, the Federal Government is concluding plans to put in place a new law to curtail the activities of illegal shippers and sea pirates on Nigerian nation’s waters.  The bill on ‘Suppression of Piracy and other unlawful Acts at Sea,’ is currently with the executive arm of government waiting …

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BSc/HND unification boosts Customs’ staff morale

— 24th April 2017 From Uche Usim, Abuja Following the abolishment of the Higher National Diploma (HND) and Bachelor of Science (BSc) dichotomy at the Nigeria Customs Service (NCS), its spokesman, Joseph Attah, has declared that staff morale has dramatically improved since the old order was dismantled. He said in Abuja that the bad blood that the dichotomy generated between …

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Maritime: FG wants strong shipping lines for Africa

— 24th April 2017 From Uche Usim, Abuja Minister of Transport, Chibuike Amaechi, has urged maritime leaders in Africa to float strong shipping lines that could create jobs, generate revenue and compete globally. Speaking at the third Association of African Maritime Administrations (AAMA) conference in Abuja, he said the future of Africa’s maritime sector remained bright as the continent could …

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Stakeholders demand second runway for Abuja airport

By Louis Ibah On Tuesday, April 18, 2017, the Federal Government reopened the Nnamdi Azikiwe International Airport (NAIA), Abuja, to normal flight operations after a six-week closure. The government had shut down the airport on March 8, 2017, to allow Julius Berger carry out rehabilitation work on the single runway of the airport, which had posed a threat to the …

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Stakeholders differ on documentation policy

By Isaac Anumihe    World Bank’s report on the Ease of Doing Business for 2017 ranked Nigeria 169th position out of 190 countries in the world. The document indicated that Nigeria moved up by one point from 170th  position for the 2016 ranking to 169th position for the 2017 ranking.  The report covers 11 indicator sets and provides objective measures of …

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Maritime expert lauds CGC over promotions in Customs

— 24th April 2017 Following the massive promotion of about 3,487 of the officers and men of Nigeria Customs Service (NSC) by the Comptroller General of Customs (CGC), Colonel Hameed Ali (rtd), the Chief Executive Officer (CEO) of Marine Services Limited, Dr. Olusegun Ologbese, has expressed his appreciation of the CGC’s gesture. Speaking with journalists in Lagos, Ologbese who is  …

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FMDQ market report

FMDQ OTC Securities Exchange The Central Bank of Nigeria (CBN) over the weekend, released a Circular announcing a new special window for Investors, Exporters and End-users called “Investors’ & Exporters’ FX Window” to further boost liquidity in the FX Market. Permitted transactions eligible at the new FX Window include invisible transactions (excluding International Airline Ticket Sales Remittances), Bills for Collection …

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Customs’ FOU nets over N2bn in Q1

— 24th April 2017 Nigeria Customs Service (NCS), Federal Operations Unit, Zone ‘A’ Ikeja, Lagos, in the first quarter of 2017 intercepted goods worth over N2.05billion  Through the intensification of its anti-smuggling operations, it intercepted various contrabands and other goods on detention with a duty paid value (DPV) of about N1.045,billion.  Also, the unit, through its interventions, recovered N1 billion …

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FG sets up Central recovered loots account

— 24th April 2017 …As offshore investors express interest in Arik, Aero From Amechi Ogbonna, Washington DC, USA As part of measures to improve transparency in the management of stolen funds recovered from past public functionaries, the Federal Government at the weekend said it has opened a Central recovered funds account managed by the Office of the Accountant General of …

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