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NIPOST INTERCEPTS 23 ELEPHANT TUSKS WORTH N458 MILLION NAIRA

The Nigerian Postal Service said that between the 2015 and 2016 financial years, it intercepted 23 elephant tusks weighing 485.4kg and worth N458, 703,000. The NIPOST said that the products, concealed in parcels, were detected and intercepted during parcel screening by the International Mail Processing Centre in Lagos. The Postmaster General/Chief Executive Officer, Bisi Adegbuyi, stated this in Lagos during the handing over of intercepted elephant tusks to the Director-General, National Environmental Standards and Regulations Enforcement Agency. He said that the intention of poachers to illegally ship elephant tusks through the post was that the Nigerian post was a safe haven for such a nefarious action. Adegbuyi said that NIPOST’s findings revealed that 1kg of elephant tusks sold as much as $2,100 on the black market. “The value of the 485.4kg of elephant tusks intercepted translates to $1,019,340 with the naira equivalent of N458,703,000,” he said. The NIPOST postmaster ...

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Manufactured products without SON certification should not be purchased – official

Mr Musa George, the State Coordinator, Standards Organisation of Nigeria (SON) in Jos, has advised the general public to stop purchasing manufactured products without SON certification.He said that such products might be in the market illegally and could be detrimental to them since they had not met the requirements for quality and safety.He gave the advice during the presentation of SON Mandatory Conformity Assessment Programme (MANCAP) certification to seven companies whose products passed the monitoring process and conformed to Nigerian Industrial Standards.The state coordinator said that every product that had met the requirements of the Nigerian Industrial Standards was safe and certified with either a MANCAP or a NIS (Nigerian Mark of Quality) sign.He also said that certified manufactured products imported into the country would carry the SONCAP logo on them.He decried the alarming rate at which Nigeria was being used as a dump site for substandard goods from other countries and stressed that the develo ...

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Why FG reviewed 2009 environmental regulations – NESREA

The Director General of the National Environmental Standards and Regulations Enforcement Agency (NESREA), Dr. Lawrence Anukam, has explained why government is considering the health problems associated with chemicals.

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Nigerian food industry worth over N1trn – AFFCON

The Association of Fast Food and Confectioners of Nigerian (AFFCON), an umbrella body of Quick Service Restaurants (QSR) has revealed that the Nigerian food industry is estimated to worth over a trillion Naira, with the Fast Food segment gulping over N250 billion, and this number is still expected to rise in the future.

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Trade Agreement Will Reduce Costs Of Business In Nigeria -FG

The federal government said Thursday in Abuja that implementation of the new trade facilitation agreement would drastically reduce costs of trading as well as improve Nigeria’s ease of doing business ranks in the world. Trade facilitation is important both in the field of international and domestic trade; its impact on global trade will far exceed that of the traditional trade liberation and increase the transparency and predictability of policies among others.

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NIGERIA TRADE INFORMATION PORTAL TO BE INCLUDED IN WCO SINGLE WINDOW COMPENDIUM

In a letter from the Director, WCO Trade and Facilitation Directorate, Gaozhang ZHU, the organisation explained that the WCO has embarked on the process of updating Single Window Compendium to provide member countries with richer content, particularly through the inclusion of national best practices. The letter stated, “One of such best practices that will be included in the revised Single Window Compendium is the Nigeria Trade Hub”. WCO expressed its appreciation to the Nigeria Customs Service for developing the trade hub and lauded the service for serving as an inspiration for like-minded countries seeking to enhance transparency and trade facilitation through the use of Information Technology.

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Customs begins implementation of 35% tariff on imported vehicles

In compliance to the new fiscal policy on imported vehicles as directed by the Federal Government, the Nigeria Customs Service (NCS) has commenced full implementation of the 70 percent tariff on imported vehicles.

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Portal For Inclusion In Revised WCO Single Window Compendium

According to the World Customs Organization, one such national best practices which is to be included in the compendium is the Nigeria Trade Hub due to its uniqueness. A letter addressed to the comptroller-general of customs (CGC), Abdullahi Dikko, from the WCO’s Compliance and Facilitation Directorate, dated June 18, 2014, with reference number 14FL0306E/D.T and signed by the director, Compliance and Facilitation Directorate, Gaozhang ZHU, stated that “the secretariat is grateful for the support and assistance received from the Nigeria Customs Service in preparing for this feature which will serve as an inspiration for like-minded countries looking to enhance transparency and trade facilitation through the use of information technology.”

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FEDERAL GOVERNMENT ASSURES INVESTORS OF BETTER TRADING ENVIRONMENT

Nigeria Customs Service now provides timely, authoritative and accurate information about Nigerian trade with the rest of the world through the Nigerian tradeHub portal. The interactive portal offers online advisory on Customs Tariff Classification and Valuation, tax base, Nigerian regulatory agencies, customs brokers, and currency conversion tools.

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