Industry News Flash

ACD Implementation begins in 2016

The 1st of January 2016 has now been fixed as the effective implementation for Advance Cargo Declaration (ACD)/Cargo Tracking Note (CTN) to cover all Nigerian inbound and outbound shipments. It is mandatory that all vessels and shipments calling any Nigerian port to acquire an MRN (Carriers, Charterers or Shipowners) and ENS (Shipper or Freight Forwarder) respectively from the effective implementation date. The non compliance with the requirements of the scheme subjects offenders to a penalty. For more information, please visit www.acdnigeria.com

SON to Commence Issuance of e-Certificates

With effect from September 10, 2015 Standards Organization of Nigeria (SON) will commence the issuance of e-Certificates which is to replace the paper SONCAP Certifications for imported goods regulated by the Agency.

To achieve this milestone, SON has integrated its systems and certificates into the Nigeria Integrated Customs Information System (NICIS). The integration of the systems will ensure that that the Form M and Pre Arrival Assessment Report (PAAR) application processes are matched and seamless under the same platform. The system will eliminate person to person contacts thereby reducing incidences of fraud and corruption.

Head of Nigeria Customs Resigns; Replaced

Mr. Abdullahi Dikko Inde recently resigned suddenly two years to the expiration of second tenure of five years. A Deputy Controller General, Mr. John Atte immediately  replaced Dikko Inde, however in acting capacity.

There are strong speculations within industry circles that more officers at the top hierarchy of Nigeria Customs may soon be retired from service to pave way for restructuring of the Service for reforms towards better service delivery and increased revenue generation.

Industry operators are highly expectant and wants to witness changes that will drive increased productivity.

 

Cargo volumes into Nigeria drops 10% YOY

A 10% drop in seaborne containerized cargo flow into Nigeria for 1/H 2015 compared to the corresponding period of 2014 has been reported.

Industry analyst estimate that 2/H of 2015 will perform at worse levels compared to 2014. Apart from stringent exchange controls which has seen over 40 import items removed from sourcing foreign exchange through the official window, the depreciation of the exchange rate of the Nigerian currency by over 15% in the last three months, lack of liquidity across industries seem capable of instigating further drop in trade volumes well into 2016.

 

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