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Immigration Lawyer Nigeria > Journal (Page 11)
01 April
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Customs propose ban on vehicles above seven years

Posted by Tamara
in Import
Customs propose ban on vehicles above seven years

The House of Representatives’ Committee on Customs and Excise has proposed a revenue target of N1.56tn for the Nigeria Customs Service in 2021, up from the original N1.4tn proposition. The amount was set for the NCS in 2020 before the outbreak of the coronavirus pandemic that led to a downward review of the target to N1.3tn. The committee resolved to jerk up the figure at a budget defence session held with the Controller-General of the NCS, Col. Hameed Ali (retd.), in Abuja on Tuesday. Ali, however, decried that the African Continental Free Trade Area and the World Trade Organisation agreements entered into by...

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25 March
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Mobile money accounts grew to 1.2 billion in 2020 -GSMA

Posted by Tamara
in Financial Sector
Mobile money accounts grew to 1.2 billion in 2020 -GSMA

In 2020, the number of registered mobile money accounts grew by 12.7 per cent globally, to 1.21 billion, according to the latest report from the GSM Association. The GSMA noted that over 136 million accounts were added in the year, which exceeded last year’s forecasted growth rate by 6.4 percentage points. In the 2021 State of the Industry Report on Mobile Money, the association revealed that transactions increased by 65 per cent and account activity grew by 17 per cent to over 300 million monthly active mobile money accounts. Transaction values also grew across the board as more money circulated. For the first...

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25 March
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FG justifies $100 charges, others imposed on Nigerians in diaspora

Posted by Tamara
in Migration
FG justifies $100 charges, others imposed on Nigerians in diaspora

The Federal Government has said charges and levies imposed on Nigerians in diaspora at the foreign missions are due to paucity of funds to run operations. The Minister of Foreign Affairs, Geoffrey Onyema; and Controller-General of the Nigeria Immigration Service, Muhammed Babandede, who both appeared before the House of Representatives’ Committee on Foreign Affairs in Abuja on Tuesday explained how they were addressing issues affecting Nigerians in other countries. At the two-day investigative hearing organised by the committee, which began on Tuesday, Onyema noted that the charges had been in existence and were only suspended. The minister said, “The $100 they (Nigerians in...

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11 March
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N577.61bn manufactured goods unsold in 2020, MAN laments

Posted by Tamara
in Maritime and Shipping
N577.61bn manufactured goods unsold in 2020, MAN laments

Manufactured goods valued at N577.61bn were unsold last year as the COVID-19 hit patronage, the Manufacturers Association of Nigeria said on Tuesday. MAN, in its bi-annual review of the economy, said the inventory of unsold finished manufactured goods increased to N303.22bn in the second half of 2020 from N202.16bn in the same period of 2019 and N275.39bn in the first half of 2020. “Inventory of unsold manufactured goods in the sector totaled N577.61bn in 2020 as against N402.42bn recorded in 2019,” it said. The association said the increase in inventory in the period was attributed to the general low consumption and renewed imports...

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11 March
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FG explores new technology to check oil-tanker explosions

Posted by Tamara
in Oil and Gas, Safety and Security
FG explores new technology to check oil-tanker explosions

The Federal Government plans to adopt a new technology to halt explosions in oil tanks and petroleum products’ distribution tankers. Director-General, National Oil Spill Detection and Response Agency, Idris Musa, said the Explo-Control Technology by Qcuboyds Limited was being explored by government to prevent explosions in facilities that convey, transport and store crude oil. Musa disclosed this in Abuja during the virtual demonstration of how explosion could be prevented in underground oil tanks and petroleum storage facilities. The demonstration was done by Qcuboyds Limited, as the firm stated that the technology could also prevent explosions in petroleum products and liquefied petroleum gas facilities. This,...

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