Tag: goods

Customs resume electronic auction of vehicles, overtime goods
News

Customs resume electronic auction of vehicles, overtime goods

The Nigeria Customs Service announced on Friday that it has resumed the electronic auctioning of abandoned, confiscated cars and other items, including containerized consignments that have been sitting in ports for years. BusinessDay reported that according to the National Public Relations Officer for Customs, Abdullahi Maiwada, the redesigned e-auction platform was presented on Tuesday, January 16, 2024. […]

Ports and Airports

Tincan Island Port records N489.2bn in 2023 exported goods

The Tincan Island Port Command of the Nigeria Customs Service recorded a notable growth in goods exports, reaching N489.2 billion in 2023, a significant increase over the previous year. Area Comptroller, Dera Nnadi announced this during a news conference in Lagos, crediting the success to the Enforcement and Anti-smuggling Unit, which led to 96 detentions and 47 […]

How inflation, forex crisis may affect consumer goods industry - Report
Business

How inflation, forex crisis may affect consumer goods industry – Report

Persistent inflation and currency issues are expected to have an impact on the fourth-quarter financial results of enterprises operating in the consumer products sector of the economy in 2023. According to The PUNCH, this was announced in Meristem Securities Limited’s Consumer Goods Sector Update for December 2023. According to the research, foreign exchange losses for […]

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