WAF Shipping Focus: Week 9
- Agwe Logistics Solutions
- Mar 4, 2024
- 3 min read
The Central Bank of Nigeria (CBN), has reviewed the formula for fixing foreign exchange rates for Customs duty on importation. Dr Hassan Mahmud, the Director,Trade and Exchange Department of the CBN said this in a memo addressed to the Nigeria Customs Service (NCS) and the general public in Abuja. According to Mahmud, the idea is to check irregular changes in the Import Duty Assessment levies applied by the NCS.“Following the liberalisation of the FX market, the CBN has noted the concern of Importers of goods and services in the irregular changes in the Import Duty Assessment levies applied by the NCS.
For further information please check the link below:
The International Transport Workers’ Federation UK has approved a grant to Nigeria through the Maritime Workers Union of Nigeria, MWUN, to build a Seafarers Recreation Centre in partnership with the Nigeria Maritime Administration and Safety Agency, NIMASA. The Head ITF Seafarers Trust Fund, Katie Higginbottom, who announced this during a meeting with the Honorable Minister of Marine and Blue Economy Adegboyega Oyetola CON, in Lagos over the weekend, noted that the grant was approved after a thorough assessment of Nigeria’s suitability. In her brief to the Honorable Minister, she commended MWUN and NIMASA for their commitment to Seafarers wellbeing.
For further information please check the link below:
The Apapa Area Command of Nigeria Customs Service (NCS) on February 23, 2024 recorded another revenue collection milestone by generating N16 billion. The amount is the highest daily revenue collection in the history of the command surpassing the N11.3 billion collected on November 22, 2023. Customs Area Controller (CAC) of the command, Comptroller Babajide Jaiyeoba, who described the revenue as “one of the expected fallouts of the many strategies he has put in place”, urged officers and men of the command to keep up the tempo of zero tolerance for infractions and compromise of the Nigeria Customs Service Act 2023.
For further information please check the link below:
The first LNG cargo from Eni's Congo LNG project is currently being loaded and will sail to Piombino’s regasification terminal in Italy in the coming days. With the first cargo, the Republic of the Congo enters the group of LNG exporting countries, opening up opportunities for economic growth while contributing to global energy balance. The Congo LNG project, sanctioned in December 2022, came on stream after just one year, in line with the initial timeline. Eni started the introduction of gas into the Tango floating liquefied natural gas (FLNG) unit moored in Congolese waters in late December 2023.
For further information please check the link below:
The Nigeria Customs Service (NCS) says it is partnering with the directorate general taxation and customs union (DG TAXUD) of the European Union (EU), to facilitate trade, and monitor export and documentation in Nigeria. Adewale
Adeniyi, comptroller general (CG) of customs, spoke after a meeting with officials of the EU group in Abuja. The DG TAXUD manages, defends, and develops the customs union as an essential part of securing the outer borders of the EU and coordinates taxation policy across the region.
For further information please check the link below:
West Africa Container Terminal, Onne, Rivers State, has appointed Mr Jeethu Jose as managing director. Announcing this in a statement, the terminal operator said that Jose would be taking over from Mr Syed Zafar. Until his new appointment, Jose was the deputy managing director of WACT, Onne. Owned by APMT Terminals, WACT, which started commercial operation in 2006, was the first
greenfield container terminal in Nigeria to be built under a Public Private Partnership model. The terminal is located within the Oil and Gas Free Zone in Onne Port, Rivers State.
For further information please check the link below:
Comments