NARTO Rejects Plan to Integrate Tanker Trucks into ECS
The National Association of Road Transport Owners (NARTO) has faulted plans by the Nigerian Ports Authority (NPA) and the Trucks Transit Parks Limited (TTP) to integrate petroleum tankers in the electronic call-up system in a bid to decongest access roads to the Ports. The National President, NARTO, Yusuf Othman who spoke to newsmen recently in […]
Customs Duty Exchange Rate Review Bad for Economy – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has expressed concern over the plan for an upward review of exchange rate for custom duties on imports. The Centre warned that the increase from N783 to N952/$ would worsen the already-high inflation rate that will have multiplier effects on production and distribution of goods and […]
Nigeria to Achieve Full Port Automation Before 2025 – NPA
The Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko has expressed optimism that the country will achieve port automation and the necessary integration ahead of the International Maritime Organisation (IMO) 2025 deadline set for member countries. Bello-Koko who stated this in London where he is attending the 33rd session of the International Maritime […]
NCS Accuse Officers of Aiding Freight Forwarders to Evade Duty Payment
There are indications that officers of the Nigeria Customs Service (NCS) are helping freight forwarders to evade duty payment on imported vehicles, thereby short-changing the Federal Government in revenue collection. The NCS had raised alarm over serial infractions in duty payment on fairly used vehicles (Tokunbo), noting that some freight forwarders were short-changing the Federal […]
Poor Regulatory Framework hampers Nigeria’s Maritime Sector Performance -Utomi
Renowned political economist, Prof. Pat Utomi, said the country’s maritime industry is suffering a setback due to lack of a proper regulatory framework to drive the sector to economic prosperity. Stating that the sector has not managed to realise its possibilities due to leaders and politicians, who see the sector as a meal ticket, he […]
FIRS Blames NIMASA, NPA for International Shipping Lines’ Tax Default
The Federal Inland Revenue Service (FIRS) has said most mainstream shipping companies that refuse to comply with their tax obligations get away with their actions due to poor enforcement of relevant laws by the Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Ports Authority (NPA) and other government agencies operating in the maritime sector. The […]