LAGOS AUGUST 6TH (NEWSRANGERS)-Despite President Bola Tinubu’s June announcement suspending import duties and tariffs on essential food items for six months, Nigerian importers claim they are still being forced to pay these fees. The presidential directive aimed to curb soaring prices of food, raw materials, and manufacturing inputs, and also covered agricultural production inputs like…
LAGOS FEBRUARY 9TH (NEWSRANGERS)-Following the incessant increase in Customs exchange rate for clearance of imported items at the Nigerian seaports and Airports, and instability of foreign exchange in the country, importers in the country have started dumping Nigerian seaports for Port of Tema, Ghana; Port of Lome, Togo and Port of Cotonou, Benin Republic, LEADERSHIP…
LAGOS SEPTEMBER 28TH (NEWSRANGERS)-Due to the rise in foreign exchange rate, the Nigeria Customs Service (NCS), on Tuesday, said vehicle importers abandoned thousands of imported fairly used vehicles at the seaport. Speaking when members of the Association of Nigerian Licenced Customs Agents (ANLCA) paid him a courtesy visit, the Customs area controller, Tin Can Island…
LAGOS JUNE 3RD (NEWSRANGERS)-Importers have condemned the Central Bank of Nigeria (CBN)’s over its denial that the Naira has been devalued. In an interview with BusinessDay, an importer, who craved anonymity, asked the CBN to be truthful. In its report titled, “Business leaders insist they get dollars at N630 despite CBN denial“, BusinessDay quoted manufacturers…
LAGOS JANUARY 12TH (NEWSRANGERS)-Against the backdrop of rising exchange rate and other exogenous factors, importation into the nation’s seaports dropped by 40 per cent, even as importers are abandoning Nigerian ports for neigbouring countries over high cost of doing business Stakeholders who spoke with Daily Sun yesterday, said that incessant increases in Customs duty, falling of naira…
LAGOS NOVEMBER 16TH (NEWSRANGERS)-Importers and agents have lamented losing about N20 million to demurrage as the Vehicle Identification Number (VIN) valuation platform of the Nigeria Customs Service (NCS) at the two major vehicle importing ports in Lagos, Tin Can Island Port and the PTML Port, has been down for eight days with situation yet to…
LAGOS DECEMBER 4TH (NEWSRANGERS)-Importers, clearing agents and truck owners are worried over the worsening gridlock on the port access road at the Tin Can Island Port Complex (TCIPC) in Lagos. They accused officials of the Nigerian Ports Authority (NPA) security department, police and the Presidential Task Team on Apapa gridlock, who were deployed to manage…