Trade facilitation: Customs unveils digital baggage import declaration
The Nigeria Customs Service, NCS has announced the deployment of a Simplified Baggage Import Declaration System at the Seme Area Command. This marks a new phase in its drive for digital innovation, trade facilitation, and improved passenger clearance processes. The initiative is designed to streamline baggage declaration, reduce clearance time, and enhance transparency for legitimate […]
Manufacturers flay N58.70 per. scm new gas price
Local manufacturers have faulted the new gas price regime of N58.70 per. scm by local gas companies and suppliers, saying it will escalate their operating costs and make their products uncompetitive.
SON advocates review of criminal law
The Standard Organisation of Nigeria (SON) has advocated for a review of the criminal law.
SON Director General, Dr. John Akanya, who made the call, while receiving a delegation of the Port Industry Anti-Corruption Standing Committee (PIACSC), led by the Chairman, Mr. Val Usifoh, asserted that the review become necessary in order to have more stringent punishments for importers of substandard goods and their collaborators as the current provisions in the constitution have become inadequate to serve as deterrent to offenders.
Govt funding of CRFFN illegal’ — Operators
OPERATORS in the Nigerian maritime industry particularly in the freight forwarding sub-sector have said that it is illegal for the government to fund the Council for the Regulation of Freight Forwarders in Nigeria (CRFFN).
NAICOM moves against CEOs operating brokerage firms
The National Insurance Commission, NAICOM is set to move against chief executive officers of insurance companies that operate broking or loss adjusting firms while still in office NAICOM Director, (Inspectorate), Mr. Sunday Thomas, said in Ijebu-Ode Ogun Sate, “This is unethical and it should not be encouraged.
Insurers need more retail agents – NAICOM
The insurance industry needs more retail agents to effectively enforce compliance to the compulsory insurnace products and achieve bout 80 per cent insurance culture in the country.Consultant to National Insurance Commission (NAICOM), Mr. Yemi Soladoye said in Lagos the number of insurance agents in the industry at present is inadequate and there is need for significant increase in the number of agents operating in the sector.
