By Sylvanus OBASI Determined to relieve external funding pressures and ensure trade facilitation between Nigeria and China, both countries engaged in a series of negotiations for a bilateral currency swap framework. Chairman Customs consultative council, Are Hakeem Olarewaju who is the Chairman of a Breakfast meeting held by Maritime reporters association of Nigeria ( MARAN),…
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 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 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 stage is set for the Maritime Reporters Association of Nigeria (MARAN) to host the much anticipated Nigeria- China Currency Swap Deal with the theme, “Navigating the Nigeria – China Currency Swap: Opportunities and Challenges for Imports, Exports and Maritime Businesses.” The meeting is scheduled to take place on Tuesday, April 15, 2025…
By Sylvanus OBASI In furtherance of its agenda-setting role and interrogation of key government policies as they affect the maritime industry, Nigeria’s foremost maritime beat association, the Maritime Reporters’ Association of Nigeria (MARAN) is set to beam its searchlight on the Nigeria-China Currency Swap deal. The event themed Navigating the Nigeria-Peoples Republic Of China Currency…
By Sylvanus OBASI The Apapa Port Command of Nigeria Customs Service has achieved a daily revenue collection of ₦18.9bn on Friday, March 14, 2025, which stands out as the highest in history of the command. PLATFORM REPORTERS gathered that the new record breaks the existing highest daily collection of ₦18.2b which was achieved in October…
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 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…
