• About
  • Advertise
  • Privacy & Policy
  • Contact
Thebizhub
2024 Insurance Industry Report
  • Home
  • Economy
    • All
    • 1-2
    • Breaking
    • Business
    • Economy
    • Latest
    • Markets
    • New Post
    • Nigeria
    • Politics
    • Regulations
    • Sports
    • Uncategorized
    Petrol imports drop 54% as Dangote boost supply

    Petrol imports drop 54% as Dangote boost supply

    World Bank retains Nigeria’s growth at 3.6%

    World Bank retains Nigeria’s growth at 3.6%

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Sixteen years after meltdown, NGX market cap surges by 347.5%

    Sixteen years after meltdown, NGX market cap surges by 347.5%

    FG’s gas-powered vehicle scheme runs into major hitch nationwide

    FG’s gas-powered vehicle scheme runs into major hitch nationwide

    Nigeria’s money supply rises 4% to N119.1trn

    Nigeria’s money supply rises 4% to N119.1trn

    We are ending era of wasteful, opaque tax waivers, says Tinubu

    We are ending era of wasteful, opaque tax waivers, says Tinubu

    CBN policies may lower inflation to 22.1% – W’Bank

    CBN introduces financial instruments to deepen non-interest banking sector

    Trending Tags

    • Sports
      • All
      • 1-2
      • Breaking
      • Business
      • Economy
      • Latest
      • Markets
      • New Post
      • Nigeria
      • Politics
      • Regulations
      • Sports
      • Uncategorized
      Petrol imports drop 54% as Dangote boost supply

      Petrol imports drop 54% as Dangote boost supply

      World Bank retains Nigeria’s growth at 3.6%

      World Bank retains Nigeria’s growth at 3.6%

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Sixteen years after meltdown, NGX market cap surges by 347.5%

      Sixteen years after meltdown, NGX market cap surges by 347.5%

      FG’s gas-powered vehicle scheme runs into major hitch nationwide

      FG’s gas-powered vehicle scheme runs into major hitch nationwide

      Nigeria’s money supply rises 4% to N119.1trn

      Nigeria’s money supply rises 4% to N119.1trn

      We are ending era of wasteful, opaque tax waivers, says Tinubu

      We are ending era of wasteful, opaque tax waivers, says Tinubu

      CBN policies may lower inflation to 22.1% – W’Bank

      CBN introduces financial instruments to deepen non-interest banking sector

      Trending Tags

      • Markets
        • All
        • 1-2
        • Breaking
        • Business
        • Economy
        • Latest
        • Markets
        • New Post
        • Nigeria
        • Politics
        • Regulations
        • Sports
        • Uncategorized
        Petrol imports drop 54% as Dangote boost supply

        Petrol imports drop 54% as Dangote boost supply

        World Bank retains Nigeria’s growth at 3.6%

        World Bank retains Nigeria’s growth at 3.6%

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Sixteen years after meltdown, NGX market cap surges by 347.5%

        Sixteen years after meltdown, NGX market cap surges by 347.5%

        FG’s gas-powered vehicle scheme runs into major hitch nationwide

        FG’s gas-powered vehicle scheme runs into major hitch nationwide

        Nigeria’s money supply rises 4% to N119.1trn

        Nigeria’s money supply rises 4% to N119.1trn

        We are ending era of wasteful, opaque tax waivers, says Tinubu

        We are ending era of wasteful, opaque tax waivers, says Tinubu

        CBN policies may lower inflation to 22.1% – W’Bank

        CBN introduces financial instruments to deepen non-interest banking sector

        Trending Tags

        • Regulations
          • All
          • 1-2
          • Breaking
          • Business
          • Economy
          • Latest
          • Markets
          • New Post
          • Nigeria
          • Politics
          • Regulations
          • Sports
          • Uncategorized
          Petrol imports drop 54% as Dangote boost supply

          Petrol imports drop 54% as Dangote boost supply

          World Bank retains Nigeria’s growth at 3.6%

          World Bank retains Nigeria’s growth at 3.6%

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Sixteen years after meltdown, NGX market cap surges by 347.5%

          Sixteen years after meltdown, NGX market cap surges by 347.5%

          FG’s gas-powered vehicle scheme runs into major hitch nationwide

          FG’s gas-powered vehicle scheme runs into major hitch nationwide

          Nigeria’s money supply rises 4% to N119.1trn

          Nigeria’s money supply rises 4% to N119.1trn

          We are ending era of wasteful, opaque tax waivers, says Tinubu

          We are ending era of wasteful, opaque tax waivers, says Tinubu

          CBN policies may lower inflation to 22.1% – W’Bank

          CBN introduces financial instruments to deepen non-interest banking sector

          Trending Tags

          No Result
          View All Result
          • Home
          • Economy
            • All
            • 1-2
            • Breaking
            • Business
            • Economy
            • Latest
            • Markets
            • New Post
            • Nigeria
            • Politics
            • Regulations
            • Sports
            • Uncategorized
            Petrol imports drop 54% as Dangote boost supply

            Petrol imports drop 54% as Dangote boost supply

            World Bank retains Nigeria’s growth at 3.6%

            World Bank retains Nigeria’s growth at 3.6%

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Sixteen years after meltdown, NGX market cap surges by 347.5%

            Sixteen years after meltdown, NGX market cap surges by 347.5%

            FG’s gas-powered vehicle scheme runs into major hitch nationwide

            FG’s gas-powered vehicle scheme runs into major hitch nationwide

            Nigeria’s money supply rises 4% to N119.1trn

            Nigeria’s money supply rises 4% to N119.1trn

            We are ending era of wasteful, opaque tax waivers, says Tinubu

            We are ending era of wasteful, opaque tax waivers, says Tinubu

            CBN policies may lower inflation to 22.1% – W’Bank

            CBN introduces financial instruments to deepen non-interest banking sector

            Trending Tags

            • Sports
              • All
              • 1-2
              • Breaking
              • Business
              • Economy
              • Latest
              • Markets
              • New Post
              • Nigeria
              • Politics
              • Regulations
              • Sports
              • Uncategorized
              Petrol imports drop 54% as Dangote boost supply

              Petrol imports drop 54% as Dangote boost supply

              World Bank retains Nigeria’s growth at 3.6%

              World Bank retains Nigeria’s growth at 3.6%

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              FG’s gas-powered vehicle scheme runs into major hitch nationwide

              FG’s gas-powered vehicle scheme runs into major hitch nationwide

              Nigeria’s money supply rises 4% to N119.1trn

              Nigeria’s money supply rises 4% to N119.1trn

              We are ending era of wasteful, opaque tax waivers, says Tinubu

              We are ending era of wasteful, opaque tax waivers, says Tinubu

              CBN policies may lower inflation to 22.1% – W’Bank

              CBN introduces financial instruments to deepen non-interest banking sector

              Trending Tags

              • Markets
                • All
                • 1-2
                • Breaking
                • Business
                • Economy
                • Latest
                • Markets
                • New Post
                • Nigeria
                • Politics
                • Regulations
                • Sports
                • Uncategorized
                Petrol imports drop 54% as Dangote boost supply

                Petrol imports drop 54% as Dangote boost supply

                World Bank retains Nigeria’s growth at 3.6%

                World Bank retains Nigeria’s growth at 3.6%

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Sixteen years after meltdown, NGX market cap surges by 347.5%

                Sixteen years after meltdown, NGX market cap surges by 347.5%

                FG’s gas-powered vehicle scheme runs into major hitch nationwide

                FG’s gas-powered vehicle scheme runs into major hitch nationwide

                Nigeria’s money supply rises 4% to N119.1trn

                Nigeria’s money supply rises 4% to N119.1trn

                We are ending era of wasteful, opaque tax waivers, says Tinubu

                We are ending era of wasteful, opaque tax waivers, says Tinubu

                CBN policies may lower inflation to 22.1% – W’Bank

                CBN introduces financial instruments to deepen non-interest banking sector

                Trending Tags

                • Regulations
                  • All
                  • 1-2
                  • Breaking
                  • Business
                  • Economy
                  • Latest
                  • Markets
                  • New Post
                  • Nigeria
                  • Politics
                  • Regulations
                  • Sports
                  • Uncategorized
                  Petrol imports drop 54% as Dangote boost supply

                  Petrol imports drop 54% as Dangote boost supply

                  World Bank retains Nigeria’s growth at 3.6%

                  World Bank retains Nigeria’s growth at 3.6%

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

                  FG’s gas-powered vehicle scheme runs into major hitch nationwide

                  FG’s gas-powered vehicle scheme runs into major hitch nationwide

                  Nigeria’s money supply rises 4% to N119.1trn

                  Nigeria’s money supply rises 4% to N119.1trn

                  We are ending era of wasteful, opaque tax waivers, says Tinubu

                  We are ending era of wasteful, opaque tax waivers, says Tinubu

                  CBN policies may lower inflation to 22.1% – W’Bank

                  CBN introduces financial instruments to deepen non-interest banking sector

                  Trending Tags

                  No Result
                  View All Result
                  Thebizhub
                  No Result
                  View All Result
                  Home Breaking

                  Nigeria may miss 2024 deadline for IMO maritime single window implementation

                  Punch | November 1, 2023
                  Nigeria may miss 2024 deadline for IMO maritime single window implementation
                  0
                  SHARES
                  19
                  VIEWS
                  Share on FacebookShare on TwitterWhatsapp

                  MDAs fail to adhere to Executive Order 2017 on business transparency, efficiency at ports
                  Nigeria may miss the International Maritime Organization (IMO) January 1, 2024 deadline for the implementation of a Maritime Single Window (MSW) for the electronic exchange of data in ports around the world as there is still no commitment from Ministry, Department and Agencies (MDAs) to digitalise and automate port processes.

                  The IMO’s Facilitation Committee adopted amendments to the Facilitation (FAL) Convention to make the single window for electronic data exchange mandatory in ports around the world for ship clearance.

                  The amendment to the annex of the Convention also makes it mandatory for public authorities to establish, maintain and use single window systems for the electronic exchange of information required on arrival, stay and departure of ships in ports.

                  Also, an Executive Order on the Promotion of Transparency and Efficiency in the Business Environment was signed by Prof. Yemi Osinbajo on May 18, 2022, mandating all agencies physically present in the ports to, within 60 days, harmonise their operations into one single interface station domiciled in one location in the port and implemented by a single joint task force at all times, without prejudice to necessary backend procedures.

                  The Executive Order also stated that the new single interface station at each port shall capture, track and record information on all goods arriving and departing from Nigeria and remit captured information to the head of the MDAs and the National Bureau of Statistics on a weekly basis.

                  The Executive Order also mandated Apapa port to resume 24-hour operations within 30 days of the issuance of the Order.

                  However, six years after, the Executive Order is yet to be implemented at the nation’s seaports by the agencies following lack of corporate and several other bottlenecks hindering the effective implementation.

                  Stakeholders in the maritime sector highlighted political will, legal framework and basic technological skills as core issues that must be addressed for Nigeria to embrace the maritime single window system.

                  Speaking at the Nigerian Chamber of Shipping (NCS) October 2023 virtual breakfast meeting last week, they noted that the MSW regime would make the nation’s seaports more efficient and competitive.

                  The breakfast meeting had the theme: “Maritime Single Window: Navigating Path to Efficiency and Competence.”

                  The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko, noted that a robust implementation of the MSW would put the country’s maritime sector at the forefront of regional and continental trade.

                  Bello-Koko who was represented by the Port Manager, Lagos Port Complex, Charles Okaga, lamented that Nigeria still struggles with 21 days cargo dwell time at the ports, whereas the cargo dwell time in Togo and Cotonou is just three days where port automation is in full gear.

                  The NPA boss revealed that when Benin Republic implemented its National Single Window, the nation increased the revenue generation at its ports by more than 35 per cent.

                  Bello-Koko said Nigeria has to look beyond the maritime operators for other service providers whose operations affect port operations, while highlighting power supply, internet facilities, roads, railway, among others.

                  He said the government must provide the needed infrastructure to support the MSW system, adding that its implementation would create a significant leap in the country’s ranking on the global index of Ease of Doing Business.

                  Also speaking, the Comptroller-General of NCS, Adewale Adeniyi, said the MSW system goes beyond electronic data exchange, but also borders on ambience of maritime environment.

                  Adeniyi, who was represented by the Area Controller, Tin Can Island Port, Comptroller Dera Nnadi, argued that MSW should be considered more as an opportunity to embrace more stakeholders in existing digital platforms, even as he encouraged port sector regulators to stick to service delivery rather than revenue generation.

                  “If Nigeria is going to embrace MSW, we should be able to separate trade facilitation from revenue generation either via legislation or by implementation of already existing laws. If one agency gets it right and there is a delay in another, it affects the entire logistics chain. Most agencies are regulatory agencies for service delivery but they seem to dwell more on revenue and this is problematic. There is also the problem of mistrust as it affects who should host the MSW,” Adeniyi said.

                  Adeniyi noted that in adopting the MSW system, Nigeria must take cognisance of peculiarity in port administration, noting that it must also adopt a system that suits its environment due to mistrust and limited capacity.

                  The Director, Consumer Affairs, Nigerian Shippers’ Council (NSC), Cajetan Agu, said the time has come for the industry stakeholders and operators to set aside their automation in silos for an integrated and synergised single window.

                  Agu hinted that port automation has improved in the nation with most shipping companies and terminals achieving over 80 per cent automation and Customs leading with digital processes, while calling for an integration of existing processes.

                  The President, NCS, Aminu Umar, in his opening remark called for the active participation of all stakeholders in the industry for successful implementation of the MSW system.

                  Umar said the MSW would facilitate seamless operations, ensure a transparent maritime environment, foster customs clearance and increase the country’s competitiveness in global trade.

                  Previous Post

                  NGX Group grows profit by 606% to N 1.22bn

                  Next Post

                  Index crosses 70,000 mark, highest level on record, amid gains in 37 stocks

                  Admin

                  Admin

                  Next Post
                  Investors gain N851bn in one day

                  Index crosses 70,000 mark, highest level on record, amid gains in 37 stocks

                  Opinion Poll

                  2023 Insurance Industry Report2023 Insurance Industry Report2023 Insurance Industry Report
                  FSDHFSDHFSDH
                  • Trending
                  • Comments
                  • Latest
                  Petrol imports drop 54% as Dangote boost supply

                  Petrol imports drop 54% as Dangote boost supply

                  June 13, 2025
                  News of impending flood sends jitters across Ogun, Lagos communities

                  News of impending flood sends jitters across Ogun, Lagos communities

                  August 22, 2020
                  H1 2021: Global Insurance Market Records Losses, Claims Worth $42bn

                  17 states shun universal health insurance scheme

                  May 16, 2022
                  Naira depreciation pushes cooking gas prices up by 70% in 12 months

                  Naira depreciation pushes cooking gas prices up by 70% in 12 months

                  June 21, 2024
                  Petrol imports drop 54% as Dangote boost supply

                  Petrol imports drop 54% as Dangote boost supply

                  June 13, 2025
                  World Bank retains Nigeria’s growth at 3.6%

                  World Bank retains Nigeria’s growth at 3.6%

                  June 11, 2025
                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  June 5, 2025
                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  June 4, 2025

                  Recent News

                  Petrol imports drop 54% as Dangote boost supply

                  Petrol imports drop 54% as Dangote boost supply

                  June 13, 2025
                  World Bank retains Nigeria’s growth at 3.6%

                  World Bank retains Nigeria’s growth at 3.6%

                  June 11, 2025
                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  June 5, 2025
                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  June 4, 2025
                  Thebizhub

                  Powered by Agusto & Co.

                  • About
                  • Advertise
                  • Privacy & Policy
                  • Contact

                  ©2019 Thebizhub.ng .All Rights Reserved

                  No Result
                  View All Result
                  • Home
                  • Economy
                  • Sports
                  • Markets
                  • Regulations

                  ©2019 Thebizhub.ng .All Rights Reserved