By Sylvanus OBASI To the dismay of maritime stakeholders and indigenous shipowners, the rhetoric surrounding the actual disbursement of the Cabotage Vessel Financing Fund (CFVV) continues endlessly. This time, it is coming from the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who once again has rhetorically reaffirmed the commitment…
By Sylvanus OBASI The Nigeria Customs Service (NCS) has intercepted a total of $1,154,900 (One Million, One Hundred and Fifty-Four Thousand, Nine Hundred US Dollars) and SR135,900 (One Hundred and Thirty-Five Thousand, Nine Hundred Saudi Riyals) undeclared foreign currency at the Mallam Aminu Kano International Airport (MAKIA). The seizure was made recently during a routine baggage check…
By Sylvanus OBASI In a bid to foster inclusive growth and sustainable impact in communities of operations, the Nigeria Customs Service (NCS) has established a Corporate Social Responsibility (CSR) Unit to drive its commitment to national development. This initiative underscores the Service’s recognition of its broader responsibility beyond trade facilitation, revenue generation, and border security. …
By Sylvanus OBASI Processing of exports at the dedicated Lilypond Port has improved significantly, reducing processing time to a few hours. Customs Area Controller (CAC), Lilypond Export Command, Ajibola Odusanya, stated this while interacting with members of the Maritime Reporters Association of Nigeria (MARAN) at the International Press Centre, Apapa, Lagos. He said his command…
By Sylvanus OBASI Stanbic IBTC Asset Management Limited, Fund Manager of the Stanbic IBTC Infrastructure Fund has partnered SIFAX Group through its subsidiary, SIFAX Shipping ICT Limited, to facilitate the development of an ultra-modern port terminal on 8.3 hectares of land (~82,846 m²) in Ijora, Lagos. The project encompasses the development of a new container…
By Sylvanus OBASI The Managing Director of Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho has stated that the Authority will not relent in supporting the rights and equality for all women and girls and to practically create opportunities for women and girls within and outside the NPA to be empowered to reach the best of…
By Sylvanus OBASI SIFAX Group has reaffirmed its commitment to gender inclusion and leadership advancement with a high-level International Women’s Day (IWD) 2025 event, themed “Beyond Glass Ceilings: Breaking Boundaries, Redefining Success”. Held at the Lagos Marriott Hotel, the event convened senior executives, industry professionals, and thought leaders to explore practical strategies for empowering women…
By Sylvanus OBASI The Comptroller-General of Customs (CGC), Bashir Adewale Adeniyi MFR, has reaffirmed the Nigeria Customs Service’s (NCS) commitment to leveraging advanced technology for enhanced border security. This was the focus of discussions during his courtesy visit to the National Security Adviser (NSA) Malam Nuhu Ribadu on Thursday, where he highlighted NCS’s efforts in…
By Sylvanus OBASI President Bola Ahmed Tinubu has challenged the organized private sector in Nigeria to always demand for quality products and services from their public sector counterparts and vice versa, as part of deliberate efforts to promote a quality culture among the citizenry, across all economic frontiers in the country. Speaking through the Secretary…
By Sylvanus OBASI Following the huge success recorded with the iconic Lagos Marriott Hotel, MacFolly Hospitality Limited, the hospitality subsidiary of SIFAX Group, is set to add another hotel brand, Courtyard by Marriott, to its collections. The 100-room Courtyard by Marriott will be built next to the Lagos Marriott Hotel, which is located at GRA…
