RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

FG Approves Reopening of Seme Land Border for Vehicle Imports

Stephen Akudike by Stephen Akudike
September 13, 2023
in Economy
Reading Time: 1 min read
A A
0
FG Approves Reopening of Seme Land Border for Vehicle Imports
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Nigerian Federal Government has granted approval for the reopening of the Seme land border to facilitate the importation of vehicles. The announcement was made by Ibrahim Musa, the Director of Road Transport in the Ministry of Transportation, during a meeting between officials of Nigeria and the Benin Republic on June 21, 2023.

The decision to reopen the border came in response to complaints from freight forwarders operating at the Seme border, who advocated for the restoration of smooth trade and movement of goods and services.

AlsoRead

Nigeria’s Foreign Reserves Rise by $551 Million in Three Weeks

Is the World Underestimating Nigeria?

Dangote Refinery Reduces Aviation Fuel Price to N1,650 per Litre

Musa explained that the former Minister of State for Transportation had taken note of the freight forwarders’ plea and directed the preparation of a memo requesting the reactivation of the border. This memo was subsequently considered and sent to the government for review.

Dera Nnadi, the Customs Area Controller of the Seme Border Command, also expressed concerns about the decline in revenue since the suspension of vehicle imports through land borders by the previous administration. However, Nnadi expressed optimism, stating that the former Minister of Transportation had promised to present the stakeholders’ requests to the Federal Executive Council (FEC). He confirmed that the Ministry had informed them that the memo had been written, adopted by FEC, and would be handed over to the new government. Nnadi assured stakeholders that their requests had been well-received.

The reopening of the Seme land border for vehicle imports is expected to facilitate trade and contribute to increased revenue generation. This decision reflects the government’s commitment to addressing the concerns of stakeholders and promoting the seamless movement of goods and services between Nigeria and the Benin Republic.

Tags: #NigeriaBenin Republic.economic developmentfreight forwardersgovernment approvalrevenue generationSeme land bordertradetransportationvehicle imports
Previous Post

ECOWAS Bank Signs $30M Credit Line with Access Bank in Ghana

Next Post

Nigeria’s Airfares Soar as Exchange Rate Hits N702 per Dollar.

Related News

Naira depreciates to N755/$ in the parallel market.

Nigeria’s Foreign Reserves Rise by $551 Million in Three Weeks

by Jide Omodele
May 25, 2026
0

Nigeria’s external reserves have recorded a notable recovery in May 2026, climbing by approximately $551 million within the first three...

Exploring the data on multidimensional and monetary poverty in Nigeria.

Is the World Underestimating Nigeria?

by Stephen Akudike
May 21, 2026
0

For years, conversations about the future of global power have sounded familiar. China. The United States. India. Perhaps the European...

Airlines Implement Time-Saving Strategies for More Efficient Operations

Dangote Refinery Reduces Aviation Fuel Price to N1,650 per Litre

by Akpan Edidong
May 21, 2026
0

Dangote Petroleum Refinery & Petrochemicals has announced a significant reduction in the price of Jet A1 (aviation fuel), slashing it...

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Denies Heavy Intervention in FX Market, Highlights Minimal Participation

by Jide Omodele
May 21, 2026
0

The Central Bank of Nigeria (CBN) has refuted allegations of aggressive intervention in the foreign exchange market, insisting that its...

Next Post
Nigeria’s Airfares Soar as Exchange Rate Hits N702 per Dollar.

Nigeria's Airfares Soar as Exchange Rate Hits N702 per Dollar.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Airlines Implement Time-Saving Strategies for More Efficient Operations

FAAN Engages International Airlines on Improved Airport Operations and Passenger Experience

May 25, 2026
FMDQ Exchange Records N21.70 Trillion Secondary Market Turnover in October

FMDQ Turnover Hits $180.85 Billion as Trading Volume Surge

May 25, 2026

Popular Story

  • Yuga Labs $450M Funding Shoots ApeCoin (APE) Above 10%

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Q2 GDP: Analysts Unhappy With Performance Of Agriculture, Manufacturing Sectors

    0 shares
    Share 0 Tweet 0
  • Coinbase Shares Take a Hit After The Firm Posted a 75% Decrease in Net Income

    0 shares
    Share 0 Tweet 0
  • CBN To Hold Two-Day Monetary Policy Committee Meeting.

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>