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CBN Reduces Customs Exchange Rate By 2.8%

CBN Reduces Customs Exchange Rate By 2.8%

For the first time since the advent of the administration of President Bola Tinubu, the Central Bank of Nigeria (CBN) has reduced the exchange rate for calculations of Customs Duty rates from N1,515.48 to N1,472.75 to a Dollar. The reduction ...

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Local Airline Operators Groan As Jet A1 Hits N1,300/Litre

Local Airline Operators Groan As Jet A1 Hits N1,300/Litre

Airline Operators of Nigeria (AON), on Friday, has lamented the situation where aviation fuel, also known as Jet A1 now sells for N1300 per litre. In a press statement by the Spokesman of AON, Obiora Okonkwo, the airlines expressed deep ...

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ALSCON Decay: A Wake-up Call For Government Action

ALSCON Decay: A Wake-up Call For Government Action

Everyone who has been following proceedings in the public space with special regard to the privatization of the Aluminum Smelter Company of Nigeria (ALSCON) would agree that the legal squabbles over the soul of the moribund national asset ought to ...

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AFCON: Nigerians In S’Africa Risk Xenophobic Attacks Over Super Eagles, Bafana Bafana Clash

AFCON: Nigerians In S’Africa Risk Xenophobic Attacks Over Super Eagles, Bafana Bafana Clash

Nigerians living in South Africa have been warned of possible threats of xenophobic attacks ahead of Wednesday’s top flight semi-final clash between the Nigerian Super Eagles and the Bafana Bafana of South Africa in the ongoing African Cup of Nations ...

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Flight Disruptions: NCAA Threatens Sanctions Against Airlines

Flight Disruptions: NCAA Threatens Sanctions Against Airlines

The Nigeria Civil Aviation Authority (NCAA),  has read the riot act to domestic airline operators, expressing displeasure at the alarming reports of incessant delays, flight disruptions, and schedule changes without adequate notice to passengers. Acting director general of the NCAA, ...

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After Clearance Of Foreign Airlines Trapped Funds, Travel Agents Demand Lower Air Fare

After Clearance Of Foreign Airlines Trapped Funds, Travel Agents Demand Lower Air Fare

After the Central Bank of Nigeria (CBN) released outstanding backlogs of $64.44 million of foreign airlines trapped funds, the National Association of Nigerian Travel Agents (NANTA), on Thursday, called for opening of lower inventories in order to reduce ticket fare ...

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Forex Inflow: NNPC Under Pressure Over Naira Depreciation

Forex Inflow: NNPC Under Pressure Over Naira Depreciation

…No public funds withheld – Kyari …Ways and Means, real culprit behind currency slide – Economist … ‘Why Naira may appreciate before year end’ Economists and industry stakeholders have offered divergent views on how to halt the slide of the ...

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NPA, Customs Collaborate On Exports, Trade Facilitation

NPA, Customs Collaborate On Exports, Trade Facilitation

The Nigerian Ports Authority (NPA) and the Nigeria Customs Service (NCS) have pledged to work together to deepen trade facilitation and drive exports as part of measures to support the federal government’s economic diversification effort. They made the pledge yesterday ...

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Largest-ever Container Vessel To Visit Nigeria Berths At Lekki Port

Largest-ever Container Vessel To Visit Nigeria Berths At Lekki Port

The Nigerian Ports Authority (NPA), on Sunday, stated that the largest vessel to ever visit Nigeria territorial waters has berthed at Lekki deep seaport. LEADERSHIP reports that Lekki deep seaport is the first deep seaport ever developed in Nigeria. The ...

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Shippers’ Council Act Obsolete, Needs Review – NIMASA

Shippers’ Council Act Obsolete, Needs Review – NIMASA

The director general, Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh has told the Nigerian Shippers’ Council (NSC) to work towards reviewing its enabling law, which he says is not in tandem with modern reality. Speaking when the executive ...

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