Import – Page 4 – City Business News

August 14, 2019 No Responses

Buhari To CBN: Stop Forex For Food Import

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to stop release of Foreign Exchange (FOREX) for food import, saying Nigeria has achieved food security. Speaking on Tuesday, Buhari said: “We have achieved food security, and for physical...

December 10, 2018 No Responses

Nigeria Lauds $21b Savings On Food Import

PRESIDENT Muhammadu Buhari has commended Nigerians for curbing excessive taste for foreign products. According to the President, the new development, he said, has positioned the country for food self-sufficiency and resulted in saving over $21 bill...

December 10, 2018 No Responses

US Imports Hit Two Million Containers In One Month

Imports at the major retail container ports in the US have set another record reaching 2 million containers in a single month as retailers continued to bring merchandise into the country ahead of a now-postponed increase in tariffs on goods from...

November 15, 2018 No Responses

SON Decries Falsification Of Documents By Importers

The Director-General, Standards Organisation of Nigeria (SON), Osita Aboloma, has appealed to importers and their representatives to desist from falsification of documents. Aboloma, who made the appeal during the organisation’s advocacy session organised fo...

June 19, 2018 No Responses

Nigeria To Shut Land Border Over Rice Smuggling

The Nigerian Government will shut down the borders with a neighbouiring country through which rice is smuggled on a large scale, the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has said. Ogbeh spoke in Abuja at a...

February 28, 2018 No Responses

Customs FOU Impounds 1,105kgs of Imported Vegetable Oil, 18 cars, 4,201 Bags Of Rice, Others In February

For the Month of February, 2018, the Nigeria Customs Service (NCS), Federal Operations Unit, Ikeja, intercepted various contraband with a duty paid value (DPV) of N1.1Billion. Speaking at an interactive session with Journalists on Wednesday, the Controll...

September 12, 2017 No Responses

Customs intercepts 1,100 pump action rifles

The Nigerian Custom Service (NCS) Tin-Can Island Command has impounded 1,100 pump action rifles. This bring to a total of about 2110 pump action rifles so far impounded in Lagos in the last seven months. The Comptroller General of the...

July 15, 2017 No Responses

2015: Importation of consumables, household items into Nigeria gulps N7tri

The Minister of State for Industry, Trade and Investment, Mrs. Aisha Abubakar has said the sum of about N7 trillion was spent on the importation of consumables and household items into Nigeria in 2015. In her address in Kano on...

May 24, 2017 No Responses

Customs intercepts 440 pump action riffles imported from Turkey

The Tin-Can Island Command of the Nigeria Customs Service (NCS) has intercepted a 20 footer container laden with 440 pump action riffles imported from Turkey. The Customs Area Controller, BASHAR YUSUF explained on Tuesday that the seizure was perfected...

January 12, 2017 No Responses

90% of vehicles imported to neighbouring countries are on transit to Nigeria, says Customs boss

The Comptroller-General of Customs, Col. Hameed Ibrahim Ali (Rtd) has directed operatives of the Headquarters Compliance Team and Federal Operations Units (FOUs) to compliment the resident officers of land borders to effectively beef up security and enforce th...

December 19, 2016 No Responses

PTML, Nigeria’s largest RORO terminal seeks support for ban on importation of vehicles through land border

The Managing Director of PTML Terminal, Mr. Ascanio Russo has thrown his weight behind the ban on importation of vehicles through the land borders imposed recently by the Federal Government. PTML is the leading dedicated Roll-On-Roll-Off (RORO) terminal in Nig...

December 6, 2016 No Responses

Auto Policy: The controversy continues

The controversy trailing implementations of Nigeria’s automotive policy assumed a new dimension on Monday with the outright ban on importation of vehicles through the land borders. Indeed, the policy, unveiled in 2013 by the administration of former Presiden...

December 5, 2016 No Responses

FG bans importation of vehicles through land borders

Importation of vehicles into Nigeria through the land Borders have been banned by the Federal Government. The prohibition order covers all new and used vehicles. A statement issued by the Nigeria Customs Service (NCS) Public Relations Officer, Mr Wale Adeniy...

November 14, 2016 No Responses

Nigeria to end $800m a year wheat import from Russia

The Federal Government is putting measures in place to curtail $800 million on wheat importation from Russia. According to the Foreign Affairs Minister of State Hajiya Khadija Abba-Ibrahim, the meaure is expected to preserve foreign exchange for the country...