The World of Boats Building
How many pieces of wood make a boat?
It depends on the size of the boat. For a big boat with 8-10 passenger capacity, we use about twelve pieces of wood. The small boat takes between 6-7 pieces of wood.
Maritime
Nigeria Signs AfCFTA Tariffs to Boost Regional Trade
Nigeria has officially gazetted and transmitted the ECOWAS Schedule of Tariff Offers for Trade in Goods under the African Continental Free Trade Area (AfCFTA) to the AfCFTA Secretariat. Nairametrics reports that this move comes ahead of the 16th Council of Ministers Meeting on Trade scheduled for April 15 in Kinshasa, Democratic Republic of Congo, and…
Afreximbank Makes Nigeria Permanent Regional Office
The African Export-Import Bank (Afreximbank) says its goal to make Nigeria permanent regional office, has been achieved with its just commissioned $120 million Afreximbank African Trade Centre (AATC) in Abuja. The President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, said , noting that the project, which began in November 2021…
Global Tariff War: FG Will Review Impacts on Nigeria — Edun
For Nigeria, in terms of exports, it’s not too bad because oil minerals are excluded by America from being in any way sanctioned with tariffs. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said that the Federal Government’s Economic Team will review the impacts of the ongoing global tariff war…
NESG Advocates for Nigeria’s Import-Export Shifts Beyond U.S. and China
The Nigerian Economic Summit Group (NESG) has emphasized the need for Nigeria to reevaluate and diversify its trade partnerships, particularly by shifting focus towards countries that remain unaffected by the tariffs imposed by the United States. This recommendation is articulated in the NESG’s latest Foreign Trade Alert for the fourth quarter of 2024 and the…
Hazards of Smuggling Used Clothes- Comptroller Ugbagu
Comptroller Michael Ugbagu , the Federal Operations Unit, Zone ‘C’, of the Nigeria Customs Service, Owerri, urged the public to refrain from patronising second-hand clothing and support local manufacturers. Comptroller Ugbagu made the call during a press briefing at the command’s headquarters in Owerri, on Wednesday. He highlighted the dangers posed by smuggling used clothing,…
Niger Republic Imposes Travel Restrictions on Nigerian Travellers
An immigration officer on Tuesday confirmed that the Republic of Niger is no longer recognizing the ECOWAS Travel Certificate (ETC) or ECOWAS passport for entry into the country for Nigerian travelers. The ECOWAS Travel Certificate and the ECOWAS passport are important travel documents that facilitate movement among member countries of the Economic Community of West…
Nigeria Customs Service Suspends Implementation of 4% FOB Levy
On Tuesday, the Nigeria Customs Service (NCS) announced a temporary suspension of the implementation of the four percent levy on the Free On-Board (FOB) value of imports. Abdullahi Maiwada, the spokesman for the service, communicated this development in a statement issued from Abuja. The suspension aims to facilitate comprehensive stakeholder engagement and consultations regarding the…
Manufacturers Request Collaborative Action on Customs FOB Levy and NPA’s Tariffs
The Manufacturers Association of Nigeria (MAN) is reaching out to the Federal Government with a request for immediate engagement with the Nigeria Customs Service to reconsider the implementation of the 4% Free-on-Board Levy and the NPA’s 15% Ports Tariff. Segun Ajayi-Kadir, the Director-General of MAN, emphasized the need for collaboration on Tuesday, expressing the Association’s…
NPA Raises Ports tariff to 15% Across Board for funding infrastructures
The Nigerian Ports Authority (NPA) says on Thursday that it has secured the government’s approval to raise ports tariffs to 15 percent. In a statement on the Ports page via X , NPA said :” This adjustment, the first since 1993, is intended to enhance the efficiency and competitiveness of Nigerian ports. The 15% upward…