The incident occurred close to the Lekki-Ikoyi Link bridge as armed robbers were said to have invaded a bank near the area.
Photo showing the on-going Lekki shooting, March 12, 2015
A gun battle which occurred in Lekki, Lagos State today, March 12, has reportedly left many people dead.
The incident occurred close to the Lekki-Ikoyi Link bridge as armed robbers were said to have invaded a bank near the area.
Unconfirmed reports however state that the main target of the robbers was the money collected by attendants at the toll gate.
The
robbers were said to have dressed in army uniform as they waylaid and
reportedly shot policemen who were stationed near a bullion van.
Police officers stationed in the area were said to have engaged the robbers but were overwhelmed by their superior fire power.
“Around
4.45pm, I was driving to my office in Ikoyi from Lekki but when I got a
spot on the bridge, I heard sporadic gunshots. Fortunately, policemen
at the tail end of the bridge inwards Ikoyi, shot back,” an eyewitness told Punch.
“We
all came out of our vehicles and laid on the floor to avoid being hit
by stray bullets. At some point, some of the policemen were overwhelmed
by the fire power of the robbers and had to flee.The robbers later
jumped into a speed boat and escaped through the water,” he added.
Security agents are said to be currently patrolling the area while traffic is said to have built up on the bridge.
Story developing.
All
is now set for Fatimah Adeoye’s first movie ‘Aliyah’ premiere which
comes up March 21st at the National Theatre in Accra, Ghana. Fatimah,
who is born of a Nigerian father from Ogbomosho and a Ghanaian mother
decided to shoot her own movie because she believes she has a great
knack for organisation and the talent for story-telling. - See more at:
http://www.vanguardngr.com/2015/03/fatima-adeoye-premieres-first-movie-in-ghana-to-shoot-second-in-nigeria/#sthash.0MD6Pugf.dpuf
Lagos—CONGESTION
at the ports is beginning to gather momentum as importers have
abandoned their cargoes following the continuous slide of the Naira
against the American dollar which currently stands at N250 to $1.
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Lagos—CONGESTION
at the ports is beginning to gather momentum as importers have
abandoned their cargoes following the continuous slide of the Naira
against the American dollar which currently stands at N250 to $1.
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Lagos—CONGESTION
at the ports is beginning to gather momentum as importers have
abandoned their cargoes following the continuous slide of the Naira
against the American dollar which currently stands at N250 to $1.
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Lagos—CONGESTION
at the ports is beginning to gather momentum as importers have
abandoned their cargoes following the continuous slide of the Naira
against the American dollar which currently stands at N250 to $1.
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Lagos—CONGESTION
at the ports is beginning to gather momentum as importers have
abandoned their cargoes following the continuous slide of the Naira
against the American dollar which currently stands at N250 to $1.
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Lagos—CONGESTION
at the ports is beginning to gather momentum as importers have
abandoned their cargoes following the continuous slide of the Naira
against the American dollar which currently stands at N250 to $1.
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Lagos—CONGESTION
at the ports is beginning to gather momentum as importers have
abandoned their cargoes following the continuous slide of the Naira
against the American dollar which currently stands at N250 to $1.
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Lagos—CONGESTION
at the ports is beginning to gather momentum as importers have
abandoned their cargoes following the continuous slide of the Naira
against the American dollar which currently stands at N250 to $1.
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Lagos—CONGESTION
at the ports is beginning to gather momentum as importers have
abandoned their cargoes following the continuous slide of the Naira
against the American dollar which currently stands at N250 to $1.
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Lagos—CONGESTION
at the ports is beginning to gather momentum as importers have
abandoned their cargoes following the continuous slide of the Naira
against the American dollar which currently stands at N250 to $1.
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Lagos—CONGESTION
at the ports is beginning to gather momentum as importers have
abandoned their cargoes following the continuous slide of the Naira
against the American dollar which currently stands at N250 to $1.
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Lagos—CONGESTION
at the ports is beginning to gather momentum as importers have
abandoned their cargoes following the continuous slide of the Naira
against the American dollar which currently stands at N250 to $1.
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Lagos—CONGESTION
at the ports is beginning to gather momentum as importers have
abandoned their cargoes following the continuous slide of the Naira
against the American dollar which currently stands at N250 to $1.
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
Besides, there has also been a steady increase in number of abandoned containers particularly at the Tin Can Island port.
Stakeholders confirmed to Vanguard that the worsening exchange rate situation has prompted the Tin Can Island Customs Command to increase its official transaction rate from N165 to all-time high N199 to a dollar.
Confirming the development, the Customs Area Controller in charge of the Tin Can Island Customs, Mr. Zakari Jibrin said recently that the Auto Policy of the Federal Government and the upcoming 2015 election has caused importers to abandon their cargoes at the port.
In an interview, Vice Chairman of the Tin Can Chapter of the Association of Nigeria Licensed Customs Agents (ANLCA) Mrs Ada Akpunonu said that the instability in the exchange rate has caused importers to stay away from importation and that imported cargoes have been abandoned at the port.
According to her, commercial banks have equally stopped lending money to potential businessmen.
Speaking on the imminent port congestion, Akpunonu said, “many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”
“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.
Akpononu confirmed that customs is currently implementing an official transaction rate of N199 to US$1 for transactions.
- See more at: http://www.vanguardngr.com/2015/03/naira-devaluation-importers-abandon-cargoes-at-ports/#sthash.q7qFUr4n.dpuf
EmoticonEmoticon