Maritime
CBN updates customs exchange rate, importers to pay more to clear goods at airports, ports
The Central Bank of Nigeria has a new customs exchange rate for cargo clearances at Nigeria's ports and airports after another fall of the naira in FX markets.
Hard times for importers as French company slams new charges on Nigerian cargoes
A French shipping company, CMA, CGM has slammed a new Peak Season Surcharge on Nigerian cargoes coming from the United States, Canada, and other countries.
National Hydrographic agency important for maritime safety and economic growth - FG
The federal government has stated that hydrographic information is crucial in ensuring national maritime safety and supporting Nigeria's economic growth.
N800/$1: Group speaks on adopting new exchange rate for customs import duty
For the purpose of computing customs import duty payments, the presidential committee on fiscal policy and tax adjustments recommended adopting a rate of N800/$1.
Nigerians to pay more for iPhone, cars as CBN increases Customs dollar rate to clear goods at ports
The Central Bank has cut the currency rate by 0.8%, which is used to calculate customs fees at the nation's seaports, as seen in the official trade portal.
Nigeria secures $600 million investment from world’s biggest shipping company
The Nigerian government has secured about $600 million in investment from the world's largest shipping company, A.P. Maersk to enhance port infrastructure
NPA secures $700m facility from Citibank to rehabilitate Apapa, Tin-Can Ports
The Nigerian Ports Authority has obtained $700 million to rehabilitate the Tin-Can Island, the Apapa ports in Lagos, and ports in the south east.
Good news as Tinubu launches window to clear goods at ports within 24 hours
The National Single Window Project was launched by President Bola Tinubu on Tuesday, April 16, to streamline import and export processes at the ports.
CBN slashes import duty rate after banning foreign currency collateral for naira loan
After the CBN recently banned the use of foreign currency for collateral, the customs exchange rate used to calculate import duty declined from N1,246 to N1,238.
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