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’ […]
Malaysia seeks local partnership to fill Nigeria’s palm oil supply gap
By Cynthia Alo The Malaysian Palm Oil Council, MPOC, has pledged to support Nigeria with technical expertise, research collaboration and investment opportunities to help close the country’s estimated one million metric-tonnes palm oil supply gap. The council also announced the establishment of a representative office in Lagos as part of efforts to deepen engagement with stakeholders across […]
FCCPC to marketers: Cut petrol prices or face sanctions
The Federal Competition and Consumer Protection Commission (FCCPC) has warned oil marketers against exploiting consumers, saying the current retail prices of petrol do not reflect the sharp decline in global crude oil prices.
Bank Deductions: How hidden charges erode Nigerians’ trust in digital payments
“You will see N50, N100, N250 and N300 popping up. Before you know it, the money is gone. Most people don’t even know exactly what they are paying for”
EU, GIZ donates 200kW solar facility to SON
By Providence Ayanfeoluwa The European Union, EU, has donated a 200kW solar PV power system to the Standards Organisation of Nigeria, SON. Speaking at the commissioning ceremony in Lagos, Head of Cooperation, EU Delegation to Nigeria and ECOWAS, Massimo De Luca, said the EU and Germany have been working closely with SON to deliver the solar […]
Port expansion: PTML plans fresh $50m investment
By Providence Ayanfeoluwa The Managing Director of Port and Terminal Multiservices Limited (PTML), Mr. Ascanio Russo, has unveiled plans to invest an additional $50 million in the terminal to strengthen port infrastructure, improve operational efficiency and support Nigeria’s ambition of becoming the leading maritime hub in West and Central Africa. Russo disclosed the proposed investment […]
