The Standards Organisation of Nigeria (SON) has debunked the claim by one Kayode Farinto over a purported collapse of its online application portal for the operation of the offshore Conformity Assessment Program (SONCAP) for processing of SON regulated imports into Nigeria describing it as a blatant lie. A statement from[Read More…]
Tag: demurrage
We’ve lost N6bn to demurrage over delay in SONCAP — Clearing Agents
The Association of Nigerian Licensed Custom Agents (ANLCA) says its members have lost over N6 billion to demurrage in two months following inability to access the portal and process Standard Organisation of Nigeria Conformity Assessment Programme (SONCAP). The Vice President of ANLCA, Dr Collins Farinto, told newsmen of the loss[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]