The Nigeria Customs Service (NCS) Zone A has introduced the Automated Transit System (ATS) to enhance cargo tracking, streamline customs clearance, and improve transparency in trade operations.Unveiled during a training session, the ATS is designed to r… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Nigeria customs launches automated transit system to boost cargo efficiency By Busola Bamidele on March 12, 2025 The Nigeria Customs Service (NCS) Zone A has introduced the Automated Transit System (ATS) to enhance cargo tracking, streamline customs clearance, and improve transparency in trade operations. Unveiled during a training session, the ATS is designed to reduce bottlenecks, cut operational costs, and improve officer accountability. Charles Orbih, Assistant Comptroller General and Zonal Coordinator, described it as a strategic modernization effort to enhance supply chain efficiency. Read also: Nigeria customs launches automated transit system to boost cargo efficiency ECOWAS, AfDB seal $11.18m deal to boost rice production in West Africa NNPCL, Dangote renew naira-for-crude deal to boost economy FG partners Sapphital to tackle youth unemployment, empower entrepreneurs Power crucial for South-East SME Growth – Gov. Otti According to Z. Gaji, Assistant Comptroller General of Customs on Modernization, the ATS was developed by the Customs ICT team and will undergo a phased rollout, including stakeholder engagement and pilot testing. The system features automated validation for cargo transfers, real-time officer tracking, and payment verification to minimize corruption and unauthorized diversions. A live demonstration by Assistant Comptroller Usman Abba showcased how the ATS ensures secure cargo movement from ports to terminal destinations, reinforcing trust between Customs and trade partners.

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The Economic Community of West African States (ECOWAS) Commission and the African Development Bank (AfDB) have signed an $11.18 million agreement to enhance rice production across the region.ECOWAS President, Omar Touray, announced the partnership in a … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader ECOWAS, AfDB seal $11.18m deal to boost rice production in West Africa By Busola Bamidele on March 12, 2025 The Economic Community of West African States (ECOWAS) Commission and the African Development Bank (AfDB) have signed an $11.18 million agreement to enhance rice production across the region. ECOWAS President, Omar Touray, announced the partnership in a video shared on the commission's social media platforms on Tuesday, emphasizing its role in achieving self-sufficiency in rice production. Touray lauded AfDB's continued support, referencing previous collaborations on key projects like the Lagos-Abidjan corridor. Read also: ECOWAS, AfDB seal $11.18m deal to boost rice production in West Africa NNPCL, Dangote renew naira-for-crude deal to boost economy FG partners Sapphital to tackle youth unemployment, empower entrepreneurs crucial for South-East SME Growth – Gov. Otti Nigeria, China strengthen ties to boost tourism and creative industries He assured swift implementation of the program, stating, "We have taken measures to expedite the process and will continue to do so." AfDB's Director-General for Nigeria, Abdul Kamara, described the initiative as a crucial step toward food security in the sub-region. He highlighted the role of the ECOWAS Rice Observatory and AfDB's special agro-industrial processing zones in driving the project's success. "This initiative will create a strong foundation for West African countries to reduce reliance on rice imports and achieve self-sufficiency," Kamara stated.

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The Nigerian National Petroleum Company Limited (NNPCL) is renegotiating a new naira-for-crude deal with the Dangote Petroleum Refinery ahead of the current agreement's expiration on March 21, 2025.NNPCL's Chief Corporate Communications Officer, Olu… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader NNPCL, Dangote renew naira-for-crude deal to boost economy By Busola Bamidele on March 12, 2025 The Nigerian National Petroleum Company Limited (NNPCL) is renegotiating a new naira-for-crude deal with the Dangote Petroleum Refinery ahead of the current agreement's expiration on March 21, 2025. NNPCL's Chief Corporate Communications Officer, Olufemi Soneye, confirmed ongoing discussions to establish a renewed contract, ensuring continued crude supply for local refining. Since October 2024, the 650,000-barrels-per-day refinery has received 48 million barrels, with a total of 84 million barrels supplied since its launch in 2023. Zacch Adedeji, Chairman of the Technical Sub-Committee on the deal, reaffirmed the policy's economic benefits, highlighting its role in reducing foreign exchange dependence and stabilizing domestic fuel supply. Read also: NNPCL, Dangote renew naira-for-crude deal to boost economy FG partners Sapphital to tackle youth unemployment, empower entrepreneurs crucial for South-East SME Growth – Gov. Otti Nigeria, China strengthen ties to boost tourism and creative industries China and India dominate Nigeria's import market, accounting for N20.31 trillion in 2024 He assured that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is enforcing compliance with the Petroleum Industry Act's Domestic Crude Oil Obligations. Meanwhile, Eche Idoko, Publicity Secretary of the Crude Oil Refinery-Owners Association of Nigeria, urged the government to meet its commitment to supplying 27,000 barrels per day to modular refineries, emphasizing its importance for industry growth and economic stability.

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