Nigeria


How Oneport 365 facilitates trade through technology

How Oneport 365 facilitates trade through technology

20th September 2020 – To grow the volume of non-oil export from Nigeria requires investment in logistics infrastructure, which is currently in short supply. However, logistics firms such as Oneport 365 are doing extraordinary things to ensure the country takes its rightful place in export business. The National Bureau of Statistics (NBS) recent statistics show that the value of export trade in the first quarter of 2020 stood at...

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This will be a game-changer for African free trade

The AfCFTA is a vote of confidence in the value of international economic integration when trade conflicts are rife globally, writes Bohani Hlungwane The countdown has begun towards the “go-live” date of the African Continental Free Trade Area (AfCFTA) on 1 July 2020, which will potentially be a game changer for the continent, with its consumer market of 1.2 billion people with a combined GDP of $2.5 trillion (R37...

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Nigerian ports’ poor performance during IMF inspection

After an abysmal outing by Nigerian seaports during an IMF inspection recently, SAMSON ECHENIM writes that genuine and clear-cut trade facilitation programmes must be entrenched at the country’s ports to ensure reduced cargo dwell time and general smooth trading. The International Monetary Fund (IMF) team that visited the seaports in Lagos had come and gone and the port authorities and other agencies, as well as private investors responsible for...

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African integration a necessity for continent’s development

By Innocent Gore Oct 7 2019 / Southern Times Integration is a necessity for the development of Africa, the acting head of the African Union’s private sector development, investment and resource mobilisation, Islam Swaleh, has said. Speaking to senior journalists at media awareness workshop on Africa industrialisation frameworks hosted by the AU Commission’s Trade and Industry in Addis Ababa, Ethiopia, last week, Swaleh said in recent years, many actions...

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Nigeria losing N1.08trn to absence of single window at ports

By Steve Agbota Jul 29 2019 / Business Nigeria introduced the single window concept at its seaports in 2006, to enable swift movement of goods and services in the ports after it was developed by the United Nations Economic Commission for Europe (UNECE) in 2005. The concept was actually put in place then to simplify, harmonise and standardise international trade procedures and associated information flows between trade and government...

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Nigeria Customs Service Partners Benin Customs To Reduce Smuggling

By Samed Olukoya June 13, 2019 The Nigeria Customs Service has partnered Benin Republic customs to reduce smuggling and facilitate trade between the two neighbouring countries better. Benjamin Aber, the Assistant Comptroller-General of Customs, Zone ‘A’, disclosed this during a stakeholders’sensitisation programme between the customs of the two nations at Seme on Tuesday. The customs operators said they have succeeded in using technology for inter-border clearance of goods. They...

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5,000 Containers Trapped at Ports as Customs Bans Third-party Clearance

The big stick wielded by the high command of the Nigeria Customs Service (NCS) over the unwholesome practice of ‘third-party’ clearance by freight forwarders has started to take its toll on clearance procedures as over 5,000 containers caught in the web of this practice are presently trapped at the ports, THISDAY has learnt. January 24, 2019 8:00 am Eromosele Abiodun Third party clearance is a situation where a licensed...

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