Wale Edun-Led Customs Board Cracks Down on Officer Misconduct NCSB Approves New Trade Policy The Nigeria Customs Service Board (NCSB) has introduced a new $300 duty-free threshold for low-value imports. According to Eko Hot Blog, the Board, chaired by Finance Minister Wale Edun, approved a major policy change at its 63rd regular meeting, which takes … Read more
President-elect Donald Trump has called on Panama to lower fees for use of the Panama Canal or return control of the waterway to the United States, accusing the Central American nation of imposing “exorbitant prices” on American shipping and naval vessels. “The fees being charged by Panama are ridiculous, highly unfair,” Trump told supporters at … Read more
President-elect Donald Trump announced plans to impose 100% tariffs on countries in the BRICS alliance—comprising China, Russia, and other emerging economies—unless they pledge not to create a new currency during his administration. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. We … Read more
President-elect Donald Trump has named Jamieson Greer as his choice for the next United States Trade Representative. Greer is well-acquainted with the role, having previously served as Chief of Staff to Robert Lighthizer during Trump’s first term. Under their leadership, the administration imposed broad tariffs on China and other nations and negotiated the landmark US-Mexico-Canada … Read more
Donald Trump has announced plans to impose new tariffs on China, Mexico, and Canada on his first day in office, aiming to pressure these nations to curb illegal immigration and drug smuggling into the United States. Trump stated that immediately following his inauguration on January 20, he would sign an executive order imposing a 25% … Read more
The federal government is proposing that the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Port Authority (NPA) shift to collecting charges, fees, fines, and other payments in Naira instead of foreign currencies. This announcement was made by Bayo Onanuga, the Special Adviser to the President on Information and Strategy, during a briefing … Read more