Friday, 17 October 2014

NAC, WesBank, South Africa sign MOU on consumer financing of Nigeria Assembled Vehicles

 The National Automotive Council (NAC) on Friday said it had signed a Memorandum of Understanding (MOU) with the WesBank of South Africa, to offer vehicle finance to retail and corporate purchasers in Nigeria.

WesBank is a division of FirstRand Bank Limited of South Africa.

In a statement, the Director General of NAC, Engr. Aminu Jalal, said the MOU was signed in Johannesburg, South Africa on Oct.16, with the aim of stimulating the sale of locally assembled vehicles in Nigeria.

A different recovery for box carriers?

Maritime research firm Drewry believes recovery in the container shipping industry may be based around the formation of new “mega alliances” and the continued reduction of unit costs, rather than the matching of supply and demand at the individual trade route level.
“A different recovery is taking shape, which is unlikely to be built on any improvement in freight rates,” said the company in its report Container Annual Review and Forecast 2014/15.

Thursday, 16 October 2014

NCS Seme Command nets N963 m in September, declares border area ‘unsafe’ for smugglers

CAC Willy Egbudin

The Seme Area Command of the Nigeria Customs Service (NCS) said it realised N963 million as revenue in the month of September, even as it declares the border area as ‘unsafe’ for smugglers.

Comptroller Willy Egbudin, who is in charge of the command, disclosed that the amount was the highest collected by the command between 2013 and September 2014.

He said the command had also intensified efforts in its fight against smuggling activities, ensuring a ‘no escape operational mode’ against violators.

Tuesday, 14 October 2014

NIMASA to oversee NISA election

                                    L-R; Mr Joe Ugo-Emeribe, Secretary, Electoral Committee of NISA, and Capt. Niyi Adeyemo, Chairman of the Committee, at a briefing in Lagos on Monday.

The Nigerian Maritime Administration and Safety Agency(NIMASA) will conduct the forth-coming election of  the Nigerian Indigenous Ship-owners Association(NISA) on a date to be announced soon.

Capt. Niyi Adeyemo, the NISA Electoral Committee Chairman, disclosed this during a briefing at the association's secretariat on Monday.
He said the choice of NIMASA as the 'Returning Officer' for the election was as provided in NISA constitution.

Monday, 13 October 2014

NCS Apapa Area Command nets N78.6 bn in three months

The Nigeria Customs Service, Apapa Area Command, on Friday said it had generated N78.6 billion in the third quarter of the year.
The comptroller of the command, Eporwei Edike, disclosed this in an interview in Lagos.
According to Edike, N30.5 billion was generated in September; N22.7 billion in July, and N25.5 billion in August.

Tin-Can Customs generates N69.1bn in third quarter

The Tin-Can Command of the Nigeria Customs Service generated N69.1bn revenue in the third quarter of this year.

The controller in charge of the command, Comptroller Zakari Jibrin, made the disclosure in an interview on Friday in Lagos.

He said the 2014 third quarter revenue was higher than the corresponding period last year, when N67.4bn was generated.

Wednesday, 8 October 2014

NCS impounds rice, used cloths, dairy products at Badagry

The Western Marine Command of the Nigeria Customs Service on Wednesday said it impounded 60 bags of rice, eight bales of used clothes and  16 cartoons of condensed milk.
Controller of the command, Johnson Gabriel, said in Lagos that the seizure was made at the Badagry waterside on Oct. 2.