Saturday, January 16

Tag: Importers

High Cost Of Haulage From Lagos Port Rattles Importers, Manufacturers
Business

High Cost Of Haulage From Lagos Port Rattles Importers, Manufacturers

The cost of moving imports from Nigerian ports to other parts of the country has continued to rattle goods, manufacturers and operators of logistics. Experts have linked the exorbitant cost of movement of goods at the ports to the high cost of goods in the country, especially imported vehicles and consumables. Daily Trust findings showed that it costs around N1.6 million to transport a 40 feet container from Lagos to Kano from the previous N900, 000. The same 40 feet container costs N1.2 million to move to Abuja from the N800, 000 that was previously charged. A logistics expert, Alhaji Mohammed Danlami, described as “a nightmare”, the process of transporting containers and goods within and outside Lagos from the TinCan Port, in Apapa, Lagos. Truck hirers now pay at least N800, 00...
Naira Falls Further, Now N368 To One Dollar
News

Naira Falls Further, Now N368 To One Dollar

The Naira, on Thursday, depreciated at the parallel market, exchanging at N368 to the dollar. Naira-Dollar The News Agency of Nigeria(NAN) reports that the Naira lost N4, compared to N364 traded on Wednesday, while the Pound Sterling and the Euro closed at N470 and N410 respectively. At the Bureau De Change(BDC) window, the Naira was sold at N360 to the dollar, while the Pound Sterling and the Euro closed at N470 and N410, respectively. Investors bought the dollar at N364.08 at the investors’ window, trading a total of 516.57 million dollars . Traders said that demand for dollars for import needs were exerting undue pressures on the Naira. NAN reports that many importers at the end of the year imported a lot of fairly used items into the country. (NAN)
Fed Govt Opposes Bail For Illegal Firearms Importers
News

Fed Govt Opposes Bail For Illegal Firearms Importers

The Office of the Attorney-General of the Federation on Monday made a passionate plea to the Federal High Court in Lagos not to release a five-man gang who allegedly imported 661 pump-action rifles into the country without lawful authority. The prosecuting counsel from the office of the AGF, K. A. Fagbemi, while opposing the bail applications filed by the accused persons, told the court that it would not be healthy for them to be released on bail. Fagbemi, who noted that one of the five accused persons was still at large, said that it was not even healthy for the court to release the other four on bail as their lives might be at risk. “He’s still out there. He could be a risk to their lives. It’s one of the grounds that the defendants should not be granted bail for their own good,...
NCS Task Importers On Transparency, Ease Of Doing Business
News

NCS Task Importers On Transparency, Ease Of Doing Business

The Nigeria Customs Service (NCS) has advised importers to be transparent to improve ease of doing business in Nigeria. Mr Bukar Amajem, the Controller of Federal Operations Unit (FOU) Zone ‘C’ of the NCS in Owerri, gave the advice on Tuesday while displaying some seized contrabands before journalists in Owerri. He said that the service was mindful of the Federal Government’s policy and position on ease of doing business and transparency and would ensure they were strictly adhered to by importers. “The Federal Government is insisting on transparency and ease of doing business, but this cannot be achieved with the way people smuggled goods into the country. “Transparency can only be achieved with honesty,” he said. Amajam said the zone had confiscated contrabands with Duty Pa...
Killer Tomato Paste Imported Into Nigeria!
News

Killer Tomato Paste Imported Into Nigeria!

The House of Reps has alerted Nigerians on the alleged existence of cancer-causing tomato pastes imported into Nigeria by unscrupulous people, with a promised to unmask those behind the dastardly act. The House has therefore mandated its Committee on Health Services, Drug and Narcotics to investigate the alleged importation of the said fake, substandard and cancerous products into the country with a view to identifying them, their importers as well as promoters and distributors. It is alleged that they've circulated the nation's market with the products at cheap prices. The resolution followed the adoption of a motion under matters of urgent public importance moved on the floor of the House on Wednesday by Hon Ossai Nicholas Ossai. Hon Osai while referring to a publication in a natio...