Airlines, Shipping Companies To Refund Forex Value Of Goods Illegally Exported – CBN

CBN releases guideline on Private Sector-Led Accelerated Agriculture Development Scheme

The Central Bank of Nigeria (CBN) said it has observed the non-compliance by Shipping and Airline companies to the provisions of its circular referenced TED/FEWFPC/GEN/01/009 dated June 06, 2017, requiring that Bills of Lading/Airway Bill in respect of exports from Nigeria should carry the Form NXP number in respect of the underlying cargos. And the noncompliance with the Circular referenced TED/FEWFPC/GEN/01/003 dated October 28, 2019, which mandated electronic processing of Form NXP on the Trade Monitoring System (TRMS) which is accessible at According to the CBN, Shipping and Airline…

Read More

BAGAIA Advocates All Inclusive Training For IPIAAM Personnel

BAGAIA Advocates

The Minister of Maritime and Economy Cabo Verde, Dr. Paulo Gerida is considering an idea canvassed by the Banjul Accord Group Accident Investigation Agency (BAGAIA) to increase training of personnel in its Institute for the Prevention and Investigation of Aeronautical and Maritime Accidents (IPIAAM), to ensure that investigators are drafted from the body to investigate aviation or maritime accidents when the need arises. This is just as BAGAIA said it was seeking massive capacity building in the region with an emphasis on training younger ones to learn from experience. These…

Read More

FG to Spend N688bn On Scanners At Ports, Entry Points


The Federal Government is set to spend over N688.56 billion ($1.812 billion) for the acquisition of over 300 scanners for the nation’s ports and entry points for a digital examination of cargoes and other items imported into the country. The Nigerian Customs Service, NCS, has been functioning on physical examination since 2016, a situation which had worsened congestions at the nation’s ports while casting shadows over the efficiency and integrity of the process.

Read More

LAGFERRY To Increase Daily Trips, Routes During 3rd Mainland Bridge Closure


The Lagos Ferry Services (LAGFERRY) says it will increase daily operations on most of the routes and add two new ones to help commuters during the partial closure of the Third Mainland Bridge in Lagos. The Managing Director/Chief Executive Officer of LAGFERRY, Mr. Abdoulbaq Balogun disclosed this in a statement issued by Mr. Odusina Akeem, the Public Affairs Officer of the firm, on Tuesday in Lagos. Balogun said that the steps were part of the efforts to cushion the effect of proposed partial closure of the Third Mainland Bridge on…

Read More

NPA Refutes Whistle Blowers Claim Of $1bn In Unity Bank, Say Account Frozen Since 2010.

Nigeria Ports Authority

The Nigerian Ports Authority (NPA) has refuted claims by a whistleblower that has an account in Unity Bank with a balance of One billion dollars. NPA disputed the claim in a statement signed by its General Manager in charge of Corporate and Strategic Communications, Mr. Jatto Adams. In which the agency said that the account number showcased by the whistleblower does not belong to the agency and that the said balance on the account was wrong. “Media reports based on a petition by one Mr. John Okpurhe to President Muhammadu…

Read More

100,000 Commuters Travel On Lagos Waterways Daily – LASWA

Lagos state

The Lagos State Waterways Authority says between 70,000 and 100,000 commuters use water transport daily in the state. The General Manager of LASWA, Oluwadamilola Emmanuel, made this known in an interview with the News Agency of Nigeria in Lagos on Monday. “On a daily basis, we move between 70,000 and 100,000 people on the waterways. “Every month, the figures range between 1.7 million people and two million people,’’ Emmanuel said. The LASWA boss said that the authority was working hard to increase the number of people using waterways. “One of…

Read More