The Senate has described the Federal Government’s ban on the IMPORTATIONof vehicles through the land borders as an anti-people policy that can further impoverish the citizens. Consequently, the lawmakers overwhelmingly rejected the policy, and called on the Nigeria Customs Service (NCS) to immediately suspend its implementation which started on January 1, 2017. The ban, if lifted, will boost the opportunity ...

The Nigeria Retail Investors Group (NRI) has said that economic policy prescriptions for the 2017 proposed fiscal plans should, at the minimum, seek to address a reduction in the cost basis for utilising domestic raw materials/inputs on the production side. The NRI, a Nigerian think-tank whose membership comprises of Nigerian professionals, made the recommendation in a communiqué signed by its ...

Activities at the Seme and Idi Iroko land borders are now at fever pitch as vehicle importers and auto dealers are rushing to clear their vehicles (new and used) from the borders in order to beat federal government’s December 31, 2016 deadline for the restriction of importation vehicles to the nation’s seaports. The federal government had earlier in the month ...