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Customs blames judicial process for non-auction of seized vehicles 

Customs blames judicial process for non-auction of seized vehicles 

  The Comptroller General of Customs, Hameed Ali, has explained why the various Customs warehouses across the country are flooded with seized vehicles wasting away...

FOU impounds 78 vehicles worth N1.9bn in 12 months

Should Customs revert to manual auction of seized vehicles?

Reverting to the old manual method of auctioning seized vehicles is like going back to Egypt, the land of suffering and bondages. It is like taking a step forward and...

Bankrupt Chinese shipyard Zhejiang Ouhua fails in bid to auction assets online

Bankrupt Chinese shipyard Zhejiang Ouhua fails in bid to auction assets online

Bankrupt Chinese shipyard Zhejiang Ouhua Shipbuilding has failed to sell its assets in the online auction. The administrators of Zhejiang Ouhua Shipbuilding had listed...

Hadiza-Bala-Usman

NPA begs Customs to auction overtime cargo at seaports 

The Managing Director of Nigerian Port Authority (NPA), Hadiza Bala Usman, has called on the Nigeria Customs Service (NCS) to, as a matter of urgency, commence...

Chief Remi Ogungbemi

AMATO threatens strike as Customs moves to auction seized trucks

The Association of Maritime Truck Owners (AMATO) has threatened to order its members to withdraw their services from the port over plans by the Nigeria Customs Service...

Customs is shortchanging terminal operators in container auction - STOAN 

Customs is shortchanging terminal operators in container auction – STOAN 

Seaport terminal operators have accused the Nigeria Customs Service (NCS) of denying them the 25% statutory charge of the value of auctioned containers. The operators,...

CBN auctions Chinese currency in first yuan sale

CBN to sell Chinese yuan in second auction

The Central Bank of Nigeria (CBN) on Friday asked lenders to submit bids for the Chinese yuan, traders said. This is CBN’s second auction of the currency after it...

Emefile-CBN

CBN to begin auction of Chinese yuan

By Omotilewa Quadri   The Central Bank of Nigeria (CBN), will next month begin to auction the Chinese yuan at an exchange rate to be set via book building, an official...

CBN auctions Chinese currency in first yuan sale

CBN to begin auction of Chinese yuan

  The Central Bank of Nigeria (CBN), will next month begin to auction the Chinese yuan at an exchange rate to be set via book building, an official said on...

FG plans N54bn treasury bills auction

FG plans N54bn treasury bills auction

The Federal Government plans to raise N53.96 billion at a treasury auction on Wednesday after repaying the same amount of bills, with the aim of lowering its borrowing...

NM-CHERRY-BLOSSOM

Bid auction for impounded phosphate cargo in S’Africa kicks off

A sealed bid auction to buy 55,000 tonnes of phosphate onboard a ship seized by South African authorities last year, opened on Monday, the auctioneers said. The...

Magu_EFCC

EFCC to auction ship, petroleum products

By Patince Danjuma  The Economic and Financial Crimes Commission (EFCC) says it will auction petroleum products and vessels seized from suspected oil bunkers...