Business

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

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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Reps, MAN differs on relocation of industries

Reps, MAN differs on relocation of industries

Lawmakers and Manufacturers Association of Nigeria (MAN), have expressed contradictory stands on relocation of manufacturing industries in the country to neighbouring Ghana.

Regional maritime bank to address funding

Regional maritime bank to address funding

Minister of Transport Alh. Ibrahim Isa Bio, has said that the problem of shortage of funds hindering involvement of local operators in maritime sector of the nation’s economy will soon be addressed with the establish-ment of the expected regional Maritime Development Bank for Maritime Organizations of West and Central African States (MOWCA) to be sited in Nigeria.

… as PTML Command intercepts arms and ammunition

… as PTML Command intercepts arms and ammunition

By Godwin Oritse THE Port and Terminal  Multi-services Limited (PTML) Customs Command of the Nigeria Customs Service (NCS) has  intercepted 76 round of live ammunition and a spent bullet concealed in two vehicles. Disclosing this to newsmen in Lagos yesterday, the Customs Area Comptroller of the Command Mr Austen Warikoru said that the ammunition which […]

Shareholders commend May & Baker on dividend payout

Shareholders commend May & Baker on dividend payout

Having overcome the challenges posed by the operating environment, shareholders of May and Baker Nigeria Plc on Tuesday commended the Board of Directors for declaring a dividend of N280 million for the financial year ended December 31, 2008.