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1. Fake pharmaceutical industry thrives in West Africa It is rare to have a conversation in Nigeria about the problem of falsified medicine without a mention of the My Pikin syrup tragedy. In 2009, 84 children were killed…
2. I only smoke, I don’t sell hemp, Muritala tells Court A 30-year-old man, Babarinde Muritala, Monday, told the federal high court, sitting in Osogbo, Osun state, that the claim by the officials of the National Drug Law Enforcement Agency, (NDLEA) that…
3. ITFC signs $200 million syndicated financing… The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has signed a US$200 million syndicated Murabaha financing agreement with African Export-Import Bank (Afreximbank)…
4. Oil workers draw battle line with FG over… By Victor Young Organised Labour in the nation’s oil industry, on the platform of Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, and its Petroleum and Natural Gas Senior…
5. CBN’s import ban and Nigeria’s looming maize crisis Nigeria, like many other African countries that rely on the agricultural sector for their food sustenance and employment generation, is experiencing unfolding events in the country since the World Health…
6. CBN’s import ban and Nigeria’s looming maize crisis Nigeria, like many other African countries that rely on the agricultural sector for their food sustenance and employment generation, is experiencing unfolding events in the country since the World Health…
7. NIMASA, Customs agree to halt temporary import permit abuse The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Customs Service (NCS) have agreed to join forces to close loopholes in the Temporary Importation Permit (TIP) system that importers often exploit to avoid levies due to the government. Director-General of NIMASA, Dr. Bashir Jamoh, stated this in Abuja, when he visited the Comptroller-General of Customs, Col. Hameed Ali (rtd). Jamoh said the temporary import permit issue was one of the biggest challenges faced by the maritime sector, stressing that it has denied the Federal Government huge revenue. Ali spoke in a similar vein, saying it is important for the NCS and NIMASA to develop a common platform for dealing with problems arising from the TIP. Jamoh stated, “The biggest issue we have has to do with temporary importation. What we observed is that people capitalise on the good gesture of government policies. In a press statement sent to Blueprint and signed by  Philip Kyanet Head, Corporate Communication, “those that are benefiting from this temporary importation bring in their own ship and after one year they will take it back to their country and import back with a different name. “They do it constantly and this is to the disadvantage of our Nigerian shipowners.” He said Cabotage trade, which falls within the core functions of NIMASA, was suffering as a result of the abuse of the temporary import permit, and, “At the end of the day, it is indigenous shipowners that bear the brunt.” The Director-General said the Merchant Shipping Act provided that vessels used in importation should be registered with the Nigeria Ship Registry, but in most cases, the importers did not. He called for greater synergy between NIMASA and NCS, and indeed, all agencies in the maritime sector, to address pertinent issues and improve the sector. Jamoh said it was in pursuit of such cooperation that a regular meeting of heads of maritime agencies was recently initiated. The meeting debuted on July 7 in Lagos at the Nigerian Shippers Council (NSC). It had in attendance Executive Secretary of NSC, Mr. Hassan Bello; Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman; Managing Director, National Inland Waterways Authority (NIWA), Dr. George Moghalu; and Rector, Maritime Academy of Nigeria, Oron, Commodore Emmanuel Effedua (rtd). Responding, the Comptroller-General of Customs pledged the commitment of the service to pooling resources with NIMASA to address the TIP issue and other problems in the sector. He said there was need for both agencies to design a common framework for tackling the issues. You searched: dealings, Government policies
8. NIMASA, Customs move to check abuse of temporary… The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Customs Service (NCS) have agreed to join forces to close loopholes in the Temporary Importation Permit (TIP) system, which…
9. Forex restriction: Conserving foreign exchange… Nigeria continues to spend so much on importation due to its moribund manufacturing sector. However, in a bid to address the dwindling revenue authorities have taken to forex restriction for…
10. NIMASA, Customs to check temporary import permit abuse   The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Customs Service (NCS) have agreed to join forces to close loopholes in the Temporary Importation Permit (TIP) system…
11. Bayelsa: NDLEA, NAFDAC Partner Against Drug Abuse. Nigerian drug law enforcement agency, NDLEA, National agency for food,drugs administration and control, Nafdac in Bayelsa state have promised to partner against drug abuse. This was revealed to The Tide…
12. NAFDAC officials disrupt unveiling of COVID-19 herb in Ogun There was pandemonium Thursday in Abeokuta, the Ogun State capital, when officials of the National Agency for Food and Drug Administration and Control (NAFDAC) disrupted the unveiling of an anti-coronavirus…
13. Drama, as NAFDAC officials disrupt ‘unveiling’ of… A mild drama played out Thursday in Abeokuta, the Ogun state capital when officials of the National Agency for Food and Drug Administration and Control (NAFDAC) disrupted the “unveiling” of…