Tag: CARGO FREIGHT

Cargo Clearance: Vehicles, parts’ prices to surge, as Customs 4% FoB levy begins

Aminu Imam
Tokunbo cars at port

Prices of imported goods, such as vehicles and spare parts, are expected to surge as the Nigeria Customs Service (NCS) officially commences the collection of a new four percent Free-on-Board (FoB) levy on all imports. The levy, which took effect Monday, replaced the one percent Comprehensive Import Supervision Scheme (CISS) charge, calculated based on the value of imported goods, including transportation costs to the port of origin. Car dealers, already grappling with high import duties and a volatile Naira, are expected to be among the worst hit. For instance, a…

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NPA births first wholly Nigerian-owned container vessel

Aminu Imam
NPA births

In a development that signposts readiness to maximise the gains derivable from the African Continental Free-Trade Area (AfCFTA), the Nigerian Port Authority (NPA), on July 2nd berthed the first wholly Nigerian-owned container vessel. The container vessel with International Maritime Organisation (IMO) number 9508770, named: ‘MV Ocean Dragon and owned by Clarion Shipping West Africa Limited, has a capacity of 349 Twenty-Foot-Equivalent Units, (TEUs). According to a statement issued by NPA on Friday, the vessel boosts a concerted investment drive geared towards reaping the cost and time-saving benefits of short-sea shipping…

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Apapa Customs revives cargo movement by rail

Aminu Imam
Customs revives cargo

…As seizures of smuggled items hit 27 containers The Customs Area Comptroller (CAC) of the Apapa Command, Comptroller Babatunde Olomu has said that, under the guidance of the Comptroller-General of the Nigeria Customs, the Command opened talks with officials of the Nigerian Railway Corporation (NRC) and other stakeholders from various associations on developing a standard operating procedure (SOP) for the movement of goods by rail from Apapa Port to other states. The CAC disclosed this while presenting the 2025 revenue half year report to the media. “I am pleased to…

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Freight: ‘Nigeria losing $9.2bn  p.a to foreign vessels domination’ – Operators

Aminu Imam
Freight Operators2

Indigenous ship owners in Nigeria have said that Nigeria is losing $9.2bn annually to the domination of her freight trade by foreign vessel owners. Speaking yesterday in Lagos during the 16th Marine and Technical Summit of the Association of Marine Engineers and Surveyors (AMES), Chairman, Starzs Investments Company Ltd., Engr. Greg Ogbeifun, lamented that despite being positioned to be the maritime hub of the Gulf of Guinea, Nigeria’s freight trade is dominated by foreign vessels because of a lack of indigenous capacity. According to Engineer Ogbeifun, who also doubles as…

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Regulator raises alarm over malicious activities of scanner operators in Western seaports

Aminu Imam
Western seaports

The 100% Compliance Team of the National Association of Government Approved Freight Forwarders, (NAGAFF), has petitioned the National Security Adviser(NSA), Nuhu Ribadu, against the activities of the operators of scanning machines in the Western Seaports. The Compliance Team accused the operators of deliberately, purposefully, and maliciously subverting the original plan and purpose of introducing scanning machines in cargo clearing processes, especially, in the nation’s Western Seaports, thereby perpetuating the option of physical examination. National Coordinator, NAGAFF’S 100% Compliance Team, Alhaji (Dr..) Ibrahim Tanko, who leveled the accusation in a letter…

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Local Content: NIMASA stresses on indigenous participation in Cargo freight

Abdul-Azeez Ahmed Kadir

The Nigerian Maritime Administration and Safety Agency (NIMASA) has stressed the need for Nigerian cargoes to be freighted by the nationals to promote indigenous participation in maritime space, diversification and increase in international shipping trade Dr Bashir Jamoh, NIMASA Director-General, said this in Abuja at the NIMASA special day at the 15th Abuja International Trade Fair which had its theme as, “Trade and Commerce Beyond Borders”. Jamoh, represented by Momoh Alhassan, Head, Shipping Promotions Unit, spoke on “Investment Opportunities for Micro Small and Medium Enterprises (MSMEs) in the Nigerian Blue Economy. He said…

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