By Sylvanus OBASI Stakeholders at the Maritime Reporters Association of Nigeria (MARAN) Breakfast Meeting held on Tuesday April 15, 2025 have described the ‘Nigeria-China Currency Swap’ as a welcome development that would ease trade between the two nations. The ‘Nigeria-China Currency SWAP Deal’ pursues the use of the currency of both countries, Naira and Renminbi…
By Sylvanus OBASI The House of Representatives, through its Committee on Maritime Safety, Education and Administration, has pledged full support for the directive issued by the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, CON, for the Nigerian Maritime Administration and Safety Agency (NIMASA) to expedite the disbursement of the Cabotage Vessel Financing Fund…
By Sylvanus OBASI The Central Bank of Nigeria (CBN) has described the Nigeria-China currency swap deal as a transformative policy instrument that could significantly reduce shipping costs, enhance trade efficiency, and ease foreign exchange pressure in Nigeria’s maritime industry. Speaking at a stakeholders’ breakfast meeting organized by the Maritime Reporters’ Association of Nigeria (MARAN) in…
By Sylvanus OBASI The Ports and Terminal Multi-services Limited (PTML) Command of the Nigeria Customs Service has declared a collection of ₦189,516,818,316.92k from November 2024 to mid April 2025 using the Unified Customs Management System also known as B’Odogwu Customs Area Controller, Comptroller Tenny Mankini Daniyan who said this at the first quarter briefing with…
By Sylvanus OBASI The Oyo/Osun Area Command of the Nigeria Customs Service says it has seized contraband goods with Duty Paid Value of Four Hundred and Sixty-Eight Million, Seven Hundred and Six Thousand, Six Hundred and Two Naira (₦468,706,602.00) only within the last 17 days. In a press briefing held at the command recently, the…
By SYlvansu OBASI The Customs Area Controller of the Lillypond Export Command, Comptroller Ajibola Odusanya has said that the command handles nothing else than 70 percent of the tonnage value of export going out of Nigeria. Odusanya who disclosed this during a Roundtable with the members of the Maritime Reporters’ Association Of Nigeria, MARAN at…
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 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…
By Sylvanus OBASI The Comptroller-General of Customs, Adewale Adeniyi, has reaffirmed the Nigeria Customs Service’s (NCS) commitment to enhancing collaboration with the Central Bank of Nigeria (CBN) to facilitate trade and boost revenue generation—a development he said would benefit all Nigerians. Platform Reporters learnt that CGC Adeniyi made this known on Thursday during a courtesy…
