Nigeria In Talks With Islamic Bank For Multi-billion Dollar Infrastructure Finance

LAGOS NOVEMBER 15TH (NEWSRANGERS)-Nigerian President Bola Tinubu met top officials of the Islamic Development Bank (IsDB) to negotiate a “multi-billion dollar infrastructure finance facility” to help build ports and power plants, his spokesperson said on Tuesday. Tinubu held talks with IsDB vice president Mansur Muhtar late on Monday in Mecca, Saudi Arabia, spokesperson Ajuri Ngelale…

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Lagos Shippers Raise Alarm Over 28 Export Containers From Minna Detained At Seaport Since September

LAGOS JANUARY 7TH (NEWSRANGERS)-The Shippers Association of Lagos State (SALS) has raised the alarm that 28 containers of export products from Minna, the capital of Niger State have been detained at the ports since September, 2020, and are still languishing away due to unworkable Federal Government import and Export Adjustments policies. In a statement made…

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Nigeria Govt Loses Billions To False Declaration At Ports

LAGOS APRIL 2ND(NEWSRANGERS)-Despite the establishment of Pre-Arrival Assessment Report (PAAR) and Automated System for Customs Data plus, plus (ASYCUDA++) designed to facilitate trade and block revenue loss at the ports and borders, one of the biggest challenges facing Nigeria Customs Service (NCS) is lack of compliance by some importers and agents, investigation has revealed. Non-compliance,…

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Reps Vows To Return Standard Organisation Of Nigeria To Ports, Land Borders

LAGOS MARCH 15TH (NEWSRANGERS)-The Chairman, House of Representatives Committee on Ministry of Industry, Trade and Investment, Dolapo Badru has reaffirmed the committee’s commitment in returning Standards Organisation of Nigeria (SON) not only to Nigerian ports, but also to the nation’s land borders. Badru, who made this affirmation during the oversight function of the committee in…

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