The Central Bank of Nigeria (CBN) has made adjustments to foreign exchange rates for cargo clearance in Nigeria’s air and seaports, which becomes effective on Tuesday, December 3, 2024. 

Customs Reveals TRS Initiative To Ease Cargo Clearance Mr Adewale Adeniyi, the Comptroller-General of the Nigeria Customs Service (NCS), has unveiled its Time Release Study service (TRS), an initiative to streamline cargo clearance and boost trade enhancement in Nigeria. Adeniyi revealed this at Thursday’s launch of...

Uncertainty Trails N8.47bn Customs Cargo Scanners       The Federal Government has realised the urgent need to deploy cargo scanners at the ports after four years of failed promises. Comptroller-General of the Nigeria Customs Service (NCS), Hameed Ali, had in January 2017, disclosed plans to replace faulty scanners...

Nigerian Importers Groan Under Surcharges Levied On Cargo   Importers have decried the huge surcharge imposed on them by the international shipping firms on cargoes imported from across the world. According to the importers, these surcharges have heightened the cost of doing business in Nigerian ports, on...

Cargo To Save Local Airlines Amid Global Slump, Crises   Local airlines have been urged to shift focus to air cargo operations to enhance the chances of survival during the current restriction in passenger services and the difficult recovery that lies ahead. Industry experts said the airlines...

APM Terminals Waive Overtime Cargo Charges By 50%   The Management of the APM Terminals Apapa, on Monday, announced a 50 per cent discount on 1,290 longstanding containers at the Apapa port in Lagos. The leading container terminal port operator said the move was aimed at...