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Business

Lagos Chamber of Commerce and Industry signs MoU with RCCI to boost trade

The LCCI has signed an MoU with the Rawalpindi Chamber of Commerce and Industry to boost trade between both cities.

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LCCI projects continuous weak investments in 2020, fiscal authorities

The Lagos Chamber of Commerce and Industry (LCCI) signed a memorandum of understanding (MoU) with the Rawalpindi Chamber of Commerce and Industry (RCCI), in order to boost trade between the business community of Nigeria and Pakistan.

The signing ceremony was held virtually with Members of the executive committee including Ms. Temitope Akintunde, the Assistant Director International and Public Sector Relations LCCI present. Senior Vice President Osman Ashraf, Vice President Shahraiz A. Malik of Pakistan, and others were also present at the occasion.

The document was signed by Dr Muda Yusuf on the behalf of Lagos Chamber and Muhammad Nasir Mirza, the RCCI Chamber President.

What they are saying

Amir Habib Abbasi – Charge De Affairs – High Commission of Pakistan in his virtual address, while welcoming the Chamber’s suggestions and efforts to promote trade and improve networking said that:

  • “All kinds of assistance were being provided to exporters to promote trade. The diplomatic mission is working hard to remove obstacles related to banking channels and NOCs.”

Chamber President, Nasir Mirza, said that:

  • “The Chamber has always strived to enhance trade relations with African countries. He said that RCCI desires to further strengthen and diversify the existing bilateral trade relations to the mutual benefit of the two chambers. RCCI President said both the Chambers needed to promote high level contacts and visits, which would further cement bilateral trade relations. Under the Africa Trade Forum and the government’s Look Africa policy, our focus was to explore new markets. The MoU will strengthen the Chamber’s Charter.

Muda Yusuf, Director-General LCCI, appreciated the interest of Pakistan in enhancing economic ties with Nigeria and welcomed Pakistan’s business community for future joint collaboration. He further added that:

  • “In future, the implementation of Africa Continental Free Trade Agreement will unify the whole Africa into a single market and Nigeria, as the biggest country in Africa, will be a main hub of trade activities.”

What you should know

  • The virtual MoU ceremony was arranged in line with the Look Africa and Engage Africa Policy of the Government of Pakistan to enhance bilateral trade and economic relationships with African countries.
  • Aside from Federation of Pakistan Chambers of Commerce (FPCCI), RCCI is the only other Pakistani Trade Chamber to have a formal MoU with a Nigerian Trade Chamber.

Adeyemi holds a PhD in Accounting Sciences. He has worked in the Educational Sector and as an Independent Consultant.

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Business

JAMB: How to register for the 2021 UTME examinations

JAMB stated that the registration for the examinations has now commenced in full swing as all the issues have been resolved.

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The Joint Admissions and Matriculation Board (JAMB) had about 3 weeks ago announced the commencement of the 2021 Unified Tertiary Matriculation Examination and Direct Entry registration exercise on April 8, 2021, to May 15, 2021, with National Identification Number (NIN) made mandatory at the point of registration.

This was put on hold due to the exam body’s effort to ensure that candidates have access to its registration app for the 2021 UTME/DE and also finalise work on its pin vending process before the take-off of the exercise.

However, in a new statement, the spokesperson for JAMB, Dr Fabian Benjamin, said the registration for the examinations has now commenced in full swings as all the issues have been resolved.

JAMB in its public communications gave a guide on how to register for the UTME.

READ: How to link your National Identity Number with your phone number

How to register for the 2021 UTME

  • VALID, FUNCTIONAL E-MAIL, PHONE NUMBER: The applicants must have a valid and functional e-mail account in addition to an active phone number. This is relevant for registration and sending and receipt of information from JAMB.
  • NATIONAL IDENTIFICATION NUMBER (NIN): JAMB has made it mandatory for applicants or potential candidates to provide their NIN at the point of registration or enrolment.
  • VISIT JAMB WEBSITE: After having your email address and NIN, the applicant can proceed to the examination body’s website, where he/she can create a JAMB profile, preferably before buying the form.
  • CHECK JAMB iBass: After creating a profile, you are advised to check JAMB iBass to be sure of your eligibility to take this year’s examination. The information is provided on the official website of the exam body.
  • JAMB e-pin: After confirming your eligibility, you can go ahead to buy your 2021 JAMB e-pin registration from banks and other accredited outlets.
  • CBT CENTRE: Then, proceed to any accredited 700 computer-based test (CBT) centre with your personal details and your profile code.

READ: JAMB sets date for 2021 UTME registration and examination, makes NIN mandatory

What you should know

JAMB a few days ago confirmed the commencement of registration for the 2021 UTME/DE examinations after the initial hiccup.

It stated that applicants must provide NIN at the point of registration with the registration by Direct Entry candidates to run concurrently with that of UTME candidates.

Sigma Pensions

JAMB also said that the mock examination is expected to hold on Friday, April 30, 2021, for those who indicate interest and are registered before April 24, 2021, with the registration fee for the application still N3,500 and N500 for recommended Reading Text.

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Business

Customs Apapa Command generates N159.58 billion revenue in Q1 2021

Most revenues came through customs duty and charges.

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Here's how much Lagos-Apapa Customs Command generated in 5 months

The Nigeria Customs Service (NCS) Apapa Command stated that it has generated a revenue of N159.58 billion in the first quarter of 2021.

This was disclosed by Ibrahim Yusuf, the Area Controller at Apapa Customs Command, in an interview with newsmen on Monday.

He added that most revenues came through customs duty and charges, citing a 44.8% revenue increase on duty collection compared to the N110 billion generated in the same period in 2020.

READ: Vitafoam declares N1.11 billion as profit in the first quarter of its financial year 2020/21

“The difference recorded was made possible because of robust stakeholders engagement, officers’ resolve in discharging their duties and increased level of compliance in the trade zone,” he said.

He added that the total seizure for the first quarter stood at 28 containers of goods with DPV (Duty Paid value) of N1.87 billion.

“The containers had rice, wheat declared as supermarket items, medical soap declared as baking powder, tramadol and others.

“These are all importations in breach of sections 46, 47 and 161 of the Customs and Excise Management Act CAP C45 LFN 2004 and Schedules 4 and 6 of the Common External Tariff (CET).

Sigma Pensions

READ: Customs revenue rises by N200 billion to hit N1.5 trillion in 2020

“These cases are at various stages of investigation and in due time will be revealed,” he disclosed.

The Customs boss also revealed that exported goods from Apapa were valued at N41.55 billion in Q1 2021, including manufactured goods such as soaps, textiles, noodles, and agricultural products such as cashew nuts, hibiscus, sesame seeds and other mineral resources.

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