Despite Piracy Decline, Importers Pay $1.5bn War Risk Premium
Despite the reduction in piracy attacks in the Gulf of Guinea, importers paid $1.5bn as war risk insurance premiums on Nigeria-bound cargoes in the last three years.
This came as operators, including shipowners and ship captains, rejected...
FRC Act Continues to Govern Financial Reporting, Says Reps
The House of Representatives has stated that the Financial Reporting Council Act, 2023 remains operational until amended by the National Assembly.
The spokesman of the House, Akin Rotimi, made the declaration in a statement issued in Abuja...
Currency in Circulation Declines to N5.03trn - CBN
Currency in circulation dropped for the first time in one year, according to the updated money and credit data from the Central Bank of Nigeria (CBN).
The currency in circulation, representing the banknotes and coins that have been...
N1.7bn Worth of Vehicles, Others Intercepted by Customs
The Nigeria Customs Service, Federal Operations Unit Zone A, Ikeja, said it recorded 82 interceptions, including used vehicles popularly known as Tokunbo and other contrabands worth N1.7bn within the last four weeks.
The Customs Area Controller in charge...
Maritime Exports Outpace Imports by 39% in 2024 - NBS
Goods exported via maritime transport exceeded imports in the same category by 39.76 per cent in 2024, a sharp deviation from other modes of foreign trade transport. This highlights the fact that importers avoided delay...
Customs Uncover $578,000 Hidden Cash, Hand Over Suspect to EFCC
The Nigeria Customs Service, Murtala Muhammed International Airport Command, said it intercepted a total of $578,000 falsely declared by an inbound passenger coming into Nigeria from South Africa.
The Customs Area Controller in charge of the...
