Nairobi - Kenyan has raised their appetite for low-priced imported cars, with the average unit cost dipping below Sh1 million in the six months to June. Official data shows that the country shipped in 41,379 units of vehicles valued at Sh39.3 billion in the first half of 2017, translating to an
Import & Export
Customs Faults Clearing Agents on Destination Inspection
Lagos - The Nigeria Customs Service (NCS) has picked holes in the position of customs agents that Nigeria’s import and export system and the economy as a whole are vulnerable to terrorist exploitation owing to the federal government’s policy regime known as Destination Inspection (DI). The NCS has declared that DI
Dilemma of Nigerian Exporters
Written by: Eromosele Abiodun Eromosele Abiodun examines the importance of non-oil exports to the economy and the negative impact of the deplorable state of Apapa access roads to export promotion. First Published in THISDAY Newspaper The very important roles export plays in an economy include but not limited to increased productivity, provision
Nigeria’s security on red alert at land borders, seaports, over influx of arms
…Customs seizes 470 rifles, writes government in Turkey on arms syndicate …Begins profiling containers on the high sea ...Nigeria to collaborate with Turkish authorities in its investigations The influx of arms and ammunition into Nigeria from Turkey has taken a new dimension, as the Tincan Island Command of Nigeria Customs Service, NCS, intercepted
China to U.S.: Please stop sending us your junk
4 major transport projects that would connect the whole of Africa
These projects will surely make Africa one big market. Africa is currently undergoing massive infrastructural development, especially with projects aimed at boosting cross border trades. The continent, through the African Union’s Continental Free Trade Area (CTFA), is also on a mission to establish the world’s largest free-trade area. Thus, making connecting the various
5 Ships loaded with $37.9m maize, wheat, others arrive Lagos ports
About five vessels bearing maize, ethanol and wheat estimated at over $37.9m have arrived at the Lagos and Tin Can Island ports. According to information obtained from the Nigerian Ports Authority’s daily Shipping Position, a vessel, Cape Daly, arrived at the ABTL terminal on September 1 carrying 10,150 metric tonnes of
UK exports outside EU fall despite weak pound
Exports of British-made goods to EU increased by £1.3bn, underlining country’s reliance on trade with continental Europe Britain’s efforts to expand trade in goods beyond the European Union’s border took a knock in July after official figures showed the UK’s deficit with the rest of the world widened following a drop
Red Star Express Records N7.3b Turnover, Declares Dividend
One of Nigeria’s leading logistics company, Red Star Express Plc, has posted a turnover of N7.3billion in the year under review which is ten percent (10%) higher than the preceding year. The profit before tax increased from N572million to N653million, while profit after tax also increased from N334.4million to N426.8million. The
