Business

Customs releases impounded trucks after CGC’s intervention at bonded terminal

By Godwin Oritse The Nigeria Customs Service (NCS) has released 36 trucks belonging to members of the Association of Maritime Truck Owners (AMATO) that were impounded during an investigation into alleged trade infractions at Zarmmak Bonded Terminal in the Amuwo Odofin area of Lagos. The trucks were detained by Customs Police attached to the Zone ‘A’ […]
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‘FG’s 70% duty on imported cars will trigger hardship’

Alhaji Jimoh Aremu is a dealer in all kinds of German, Japanese and American vehicles. In this interview conducted by telephone from the United States, the auto merchant admonishes the Federal Government to rescind its decision on the new policy that requires vehicle dealers, who do not manufacture locally, to pay 70 per cent duty on imported cars. He maintains that the policy will continue to attract public outcry and, worse still; it will affect the nation economically and keep lots of Nigerians out of job.

NIHOTOUR decries lack of training hotel

A Director in the National Institute for Hospitality and Tourism (NIHOTOUR), Alh. Abdul Maji Sheriff, has called for proper funding of the institute to enable it fulfill its mandates.

CBN retains MPR at 12%

The Central Bank of Nigeria, CBN, yesterday, retained the Monetary Policy Rate, MPR, at 12 per cent with a corridor of +/- 200 basis points around the midpoint.

We are not left out in global trend of development—Tecno

As battle for supremacy in the mobile phone market intensifies, Tecno mobile says it’s not left out in the global trend of unique brand development, affordability and improvement, as it plans to build plant in Nigeria in 2015.

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