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Industry

Customs set to issue licenses to new Bonded Vehicles Terminals

In keeping with its new drive to grow ease of doing business and seamless revenue build up, the Nigeria Customs Service (NCS) has given signals of increasing the number of Bonded Vehicles Terminals to ease congestions at ports. Service spokesman, Joseph Attah said the new move is to create ease in the automobile business and increase commercial activities by giving ...

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Again, Dangote restates confidence on economy, marks 60th birthday today in Lekki

President of Dangote Group, Aliko Dangote, has once again reconfirmed his belief in Nigeria economic potential, saying it remains unshaken. Already, President Muhammadu Buhari felicitated with Africa’s richest man and philanthropist on his 60th birthday yesterday (Monday). The business mogul told a group of businessmen in his office in Lagos that his passion for the workability of Nigeria’s economy had ...

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Don’t import rice in free trade zones but ports, CG of Customs warns operators

NCS logo

To limit chances of abuse of privilege using their facilities, the Comptroller-General of Nigeria Customs Service (NCS), Col. Hameed Ali (rtd), has banned rice import in trade free zones, insisting that rice imports remain at seaports. Public Relations Officer of the service, Mr. Joseph Attah, in a statement explained that the restriction became necessary because some operators were allegedly taking ...

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Africa racing against time as deadline for Continental Free Trade Area ends this year

Au logo

The deadline for attaining the Continental Free Trade Area (CFTA) in Africa is end of this year, 2017, and negotiators appear to be working against time to achieve some of the timelines. Though negotiators agree to liberalise tariff lines towards achieving CFTA, logistics and lack of effective comparative advantage in terms of offerings by nations have been seen to be ...

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Lagos plans to deepen mortgage housing delivery, injects N1bn to revive LBIC

Gov Ambode

As part of new drives to encourage seamless home ownership, the Lagos State Government has agreed to inject the sum of N1bn into the Lagos Building Investment Company (LBIC). The target is to enable the hitherto dormant agency to meet the minimum capital required by the law to remain in operation as a primary mortgage bank. Managing Director and Chief ...

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Non-oil exports may continue in limbo as far as current forex policy remains unchanged—LCCI

Muda Yusuf, LCCI boss

Barely less than one week the Lagos Chamber of Commerce and Industry (LCCI) hailed the federal government’s in recovering the ailing economy, the same body has turned around to say that the current foreign exchange policy is detrimental to non-oil exports and has led to sharp practices and corruption in the export documentation process. In a statement issued by the ...

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CFAO NIPEN group decries saturation of market by fake pens, seeks reorganization of SON

son

Leading manufacturers of writing pen, CFAO NIPEN producers of ageless Bic pen brand has called on the federal government to rescue the nation’s education industry by reviewing the activities of Standards Organization of Nigeria (SON) with a view to making the agency more active in its work. The call was made by the Chairman, Board of CFAO NIPEN, Mr. Steve ...

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Numa changes narrative in primary healthcare, unveils intelligent healthcare App, AskNuma

Numa Health, a health technology company is delighted to announce the launch of AskNuma, a mobile phone based, personal health assistant that gives patients high quality health information and provides a platform for healthcare vendors. The innovative mobile health platform has revolutionised the mode of healthcare service delivery in the country with an artificial intelligent healthcare platform hosting a wide ...

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Dangote begins backward integration in sugar, steps up local sourcing of sugarcane, others

Dangote group

Leading billionaire industrialist and President of Dangote group has made up his mind to apply the feat of backward integration in the growth and development of the Nigerian sugar industry. It would be recalled that during the administration of former President Goodluck Jonathan, the policy of backward integration was adopted in the production of cement and it paid off as ...

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New plan to boost local production of tiles, marbles, granite emerge

Okey Buhari

The Minister of State for Mines and Steel Development, Hon. Abubakar Bawa Bwari, has revealed government’s plans to grow the local production of marbles, granite and tiles used in housing finish. Making the revelation during a tour of OFL Fujian Stones Marble and Dimension Stones factory in Mararaba, Nasarawa State, he assured that any organization that had demonstrated the kind ...

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