It is detrimental to the masses — Stakeholders blast Customs, CBN over 48% hike in import duty

  Stakeholders in the maritime and organised private sectors have lambasted the Nigeria Customs Service (NCS)…

Suez Canal to hike transit tolls in 2023

Tolls for vessels using the Suez Canal are set to rise by 15% next year with…

Fuel scarcity: Boat operators hike fare by 50% 

  Lagos boat operators plying the Apapa – Ikorodu route have hiked their fares by as…

Suez Canal toll hike to raise revenue by $400m

The chairman of the Suez Canal Authority (SCA) Osama Rabieh said on Monday that the 6% increase in canal fees starting…

Traders reject hike in Customs duty

  The South-East Amalgamated Markets Traders Association (SEAMATA) said it has rejected the recent increase in…

S. Korea’s big 3 shipbuilders to hike newbuilding prices 

  South Korea’s three major shipbuilders will raise new shipbuilding prices to enhance profitability following hefty…

Hike in insurance premium on Nigerian cargoes imminent — Folarin

  Amid rise in pirate attacks and armed robbery incidents in Nigeria and the larger Gulf…

Fowler denies calling for 50% hike in VAT rate 

The Chairman, Federal Inland Revenue Service (FIRS), Babatunde Fowler, on Wednesday denied reports of a plan…

CMA CGM joins other shipping lines to hike freight rates

French shipping group CMA CGM said on Friday it would introduce an exceptional surcharge after its…

FG moves to hike fuel price as scarcity persists 

  There are indications that the federal government may increase fuel price to address the problem…

Senate to engage Minister on import duty hike 

By Omotilewa Quadri  Senate President Bukola Saraki on Wednesday directed the Senate Committee on Agriculture, Finance and Customs…