Eavesdropper online

15 Feb

Again, CBN Increases Customs Duties by 2.6 % for the fifth time in 2024

Esther Komolafe0 CommentsMaritime

The Central Bank of Nigeria ( CBN) has increased the exchange rate for computing customs duties at the Nation’s seaports for the fifth time in less than 60 days of 2024. The rate was reviewed upward on Wednesday morning from ₦1,444.56/dollars to ₦11,481,482/dollars, according to information obtained from the official trade portal of the Nigeria Customs Service(NCS). The implication is that importers will be paying more to clear their Goods as import duties are benchmarked against the dollar. The present review by the Apex Bank represents a 2.6percent increase in the customs Duty rate and increase of ₦36.922 per dollar…

11 Feb

NCS Embraces Time Release Study to Improve Operations

Esther Komolafe0 CommentsMaritime

The Comptroller General of Nigeria Customs Service (NCS) Bashir Adewale Adeniyi has launched the Service into the commitment of Time Release Study (TRS ) that is in accordance with the World Customs Organization (WCO) as an assisted scoping Mission for Nigeria . NCS affirmed its commitment to the TRS in order to facilitate trade among the numerous opportunities abreast with the study on the 8th of February 2024 at Marriott Hotel at Ikeja in Lagos. The event had in attendance the Minister of Industry, Trade, and Investment, Mrs. Doris Uzoka-Anite, Minister of Finance, Wale Edun, represented by the Permanent Secretary,…

31 Jan

NCS Western Marine Command Seizes Over 4,000 Parcels Of Cannabis Sativa In 30 Days

Esther Komolafe0 CommentsMaritime

In its continue efforts to purge the nation of the offensive smuggling activities on the waterways, Nigeria Customs Service of Western Marine Command, has intercepted and seized 51 Sacks containing 4,070 parcels of Cannabis Sativa in January 2024. The statement was made available to the media through the command’s public relation Officer SC Magaji Mailafiya . According to Mailafiya, after a hot pursuit of the identified Boat by the officers of the command, the smugglers dived into the Creek, abandoning the Boat fully loaded with the goods. “The wooden Boat powered by Two (2) 40 horsepower (HP) engines was towed…

27 Jan

NCS Introduces Time Release Study in February To Facilitate Trade

Esther Komolafe0 CommentsMaritime

Celebrating this year International Customs Day, the Nigeria Customs Service (NCS) through its Comptroller General Bashir Adewale Adeniyi has announced that the service will in February 2024 open its Time Release Study (TRS) to aid trade facilitation and reduce clearing process in the Nigeria Ports, the idea that seamlessly aligns with the ongoing reformation of ‘New Customs’. The Comptroller General disclosed this at the service’s training school in Ikeja on Friday the 26th of January in Lagos. Based on the World Customs Organisation , Time Release Study is a strategic and internationally recognised tool to measure the actual time…

25 Jan

Nigeria Customs Intercepts Illicit Drugs, Arms And Ammunition At Tincan Island Port

Esther Komolafe0 CommentsMaritime

The Nigeria Customs Service (NCS) has reported a number of successfully executed multiple interceptions and seizures of illicit drugs, arms and ammunition at various locations, representing a concerted effort to prevent illegal entry into the country through diverse routes. The Comptroller General of NCS Bashir Adewale Adeniyi showcased the seizures in Lagos at Tincan Island Command of the service in Lagos on the 24th of January 2024. The summary of the seized substances is 56.39kg of Cocaine valued at N 2,368,380,000, 955kg of Colorado Indica valued at 1,911,400,000, all with street value of N4.279 Billion Naira. The summary of the…

25 Jan

Nigeria Customs Intercepts Illicit Drugs, Arms And Ammunition At Tincan Island Port

Esther Komolafe0 CommentsMaritime

The Nigeria Customs Service (NCS) has reported a number of successfully executed multiple interceptions and seizures of illicit drugs, arms and ammunition at various locations, representing a concerted effort to prevent illegal entry into the country through diverse routes. The Comptroller General of NCS Bashir Adewale Adeniyi showcased the seizures in Lagos at Tincan Island Command of the service in Lagos on the 24th of January 2024. The summary of the seized substances is 56.39kg of Cocaine valued at N 2,368,380,000, 955kg of Colorado Indica valued at 1,911,400,000, all with street value of N4.279 Billion Naira. The summary of the…

15 Jan

Again , Tantita Arrests Vessel Conveying Stolen Crude Oil, In Bayelsa

Esther Komolafe0 CommentsMaritime

In confirmation to the proof of being in charge of the security activities going on in the Nigeria waters not just by mere saying it, but by keeping to its mandate of getting rid of oil thieves in Nigeria. A private security firm, Tantita Security Services Limited (TSSL), has successfully arrested an ocean-going vessel conveying thousands of metric tonnes of ‘stolen crude’ oil offshore in Bayelsa state. The active security firm, Tantita revealed that the vessel named MT Kally, was apprehended during a joint operation by the officials of TSSL, owned by Government ‘Tompolo’ Ekpemupolo, and operatives of the Nigerian…

11 Jan

Compt Jaiyeoba Decorates and Charges Officers to Double Efforts at Apapa

Esther Komolafe0 CommentsMaritime

The Customs Area Controller (CAC)in charge of Nigeria Customs Service (NCS)Apapa Area Command Comptroller Babajide Jaiyeoba on Wednesday the 10th of January 2024 has decorated newly promoted Customs Officers at the Command while he reeled out the total revenue collected that amounted to N1.172 trillion in the command for the year 2023. The CAC during the decoration ceremony advised the 74 newly promoted Officers t o rededicate themselves to duty and to see both their enlistment in the service and promotions as a privilege to be grateful for through dedication to work. His words, “promotion does not come from anybody…

06 Jan

FCCPC Fine, BAT Maintains Its Ground

Esther Komolafe0 CommentsBusiness

Going by the recent reports from the Federal Competition and Consumer Protection Commission (FCCPC) ,British American Tobacco Nigeria (BATN) clarifies its position as thus:. BAT remains committed to operating in compliance with the laws of Nigeria. In December 2022, the FCCPC entered into a consent order, terminating the mentioned investigation and associated proceedings. British American Tobacco (Nigeria) Limited and British American Tobacco Marketing (Nigeria) Limited have made payments to settle the penalty. BAT previously disclosed the investigation mentioned by the Nigerian Federal Competition and Consumer Protection Commission (FCCPC) in its year-end 2022 Annual Report and most recently in the Half-Year…

30 Dec

Chief Pondi MD Tantita Security ,Gifts Suitable Bungalow House to A Bassist In Warri

Esther Komolafe0 CommentsTransport

The Managing Director of Tantita Security Services Ltd, Chief Keaton Pondi has fulfilled the pledge he made to a bassist, Mr Simeon Djagbo in Warri about a month ago. The bungalow which contains a 3-bedroom flat, self-contained with a bed-sitter was presented to the beneficiary in the Oil City of Warri. A reliable source has revealed that the Tantita managing director made the promise to give Djagbo a house at a concert in Warri tagged “RATATA FIESTA, THE JAMBOREE EDITION”, held at Dy Events Place and Lounge by TJ HAYS. He said that the concert saw a lot of top-notch…