March 3, 2026
Headlines

Business & Economy

Nigeria, Abu Dhabi Port Group Sign MoU On Ports Development, Maritime Logistics, Digital Solutions

Sylvanus Obasi03 mins

Abu Dhabi Ports Group and Nigeria’s Federal Ministry of Marine and Blue Economy have signed a landmark Memorandum of Understanding (MoU) to explore strategic collaboration in ports development, maritime logistics, and digital solutions. The MoU was signed on the sidelines of the recently concluded Abu Dhabi Sustainability Week, marking a significant milestone in Nigeria–UAE economic relations. The…

Read More

NSC Directs Shipping Companies To Suspend Charges Review, Engage Stakeholders

Sylvanus Obasi03 mins

Nigeria’s Port Economic Regulator, the Nigerian Shippers’ Council (NSC), has directed all shipping companies, shipping agents, and terminals operating within Nigerian ports to suspend and refrain from implementing any review or upward adjustment of their charges until they have fully engaged their stakeholders. The Council wishes to clarify that the recent adjustment was approved strictly…

Read More

SIFAX Group Opens 2026 With Innovation-Driven Growth Plan

Sylvanus Obasi04 mins

SIFAX Group has opened the 2026 business year with a strong declaration of intent, unveiling an innovation-driven growth plan aimed at strengthening operations, deepening technology adoption, and expanding its footprint across West Africa. The Chairman of the Group, Dr. Taiwo Afolabi, made this known in his New Year message to employees, partners, and stakeholders, where…

Read More

NIMASA Commences Operation Zero Tolerance For Non-Compliance In Nigerian Waters

Sylvanus Obasi04 mins

As part of efforts to ensure full compliance with existing maritime laws and regulations, the Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced special operational enforcement code named “Operation Zero Tolerance for Non-Compliance” in the Nigerian maritime domain. The directive was issued through a Marine Notice, pursuant to the Agency’s statutory mandate under the…

Read More

FG Equips 70 Youths With Vocational Skills, Starter Packs In Lagos

Sylvanus Obasi05 mins

The federal government of Nigeria through the Nigerian Content Development and Monitoring Board (NCDMB) has sponsored the training and provided business starter packs for 70 young people across two vocational skills in Lagos. The beneficiaries were trained in eco-packaging and paper bag making as well as fashion designing under a skills acquisition and youth empowerment…

Read More

NPA Showcases Simplified Export Processes At Kano International Trade Fair

Sylvanus Obasi04 mins

The Managing Director of the Nigerian Ports Authority (NPA), Abubakar Dantsoho, has reaffirmed the agency’s commitment to strengthening Nigeria’s non-oil export sector through streamlined port operations and improved port–hinterland connectivity. Speaking during the NPA Special Day at the Kano International Trade Fair, Dantsoho praised the Kano Chamber of Commerce, Industry, Mines and Agriculture (KACCIMA) for…

Read More

SIFAX Group Celebrates God’s Faithfulness With Glamour At 3rd Annual Thanksgiving

Sylvanus Obasi04 mins

SIFAX Group has hosted the third edition of its Annual Thanksgiving and Praise Night. The event, themed “God’s Faithfulness, Our Gratitude”, which transformed The Lagos Marriott Hotel, Ikeja, into a sanctuary of gratitude and celebration on Wednesday, December 17, 2025, was a vibrant display of corporate unity, spiritual fervour, and glamour, bringing together the Group’s…

Read More

Customs To Penalize Erring Banks For Delayed Remittances Of Its Revenue

Sylvanus Obasi03 mins

The Nigeria Customs Service (NCS) has noted instances of delayed remittance of Customs revenue by some Designated Banks following reconciliation of collections processed through the B’odogwu platform. In a press statement sent to PLATFORM REPORTERS on Wednesday, customs said such delays constitute a breach of remittance obligations and negatively impact the efficiency, transparency, and integrity…

Read More

Access Bank Restores Customs Transaction Services After Temporary Glitches

Sylvanus Obasi02 mins

Access Bank Plc has confirmed the restoration of its customs transaction services following a temporary disruption that affected clearing agents and importers at Lagos ports last week. Licensed customs agents had expressed frustration on Tuesday, noting that the downtime left cargoes trapped at the ports while demurrage charges continued to accrue. In a statement issued…

Read More

Customs Streamlines Cargo Clearance With One Stop Shop Initiative

Sylvanus Obasi04 mins

The Nigeria Customs Service has unveiled a simplified cargo clearance framework under its One Stop Shop, OSS initiative, aimed at boosting efficiency, transparency, and trade facilitation across the nation’s ports. Speaking on the OSS, Assistant Comptroller General of Customs, ACG Mohammed Babadende, charged importers and their agents to ensure that they are sincere in their…

Read More