Headlines
How pirate attacks in Gulf of Guinea threaten region’s security

There is a lot of activity in the Gulf of Guinea in terms of counter-piracy efforts, as well as trade and attempts to recover from the COVID-19 pandemic.
The maritime security environment in the Gulf of Guinea needs to coalesce around maritime cooperation in terms of logistics and the prevention of threats.
The protection of the Gulf of Guinea and its sea-based economies needs to go beyond current efforts.
The piracy problem in the Gulf of Guinea has developed into a curse for seafarers over the past decade.
There are many good reasons to place direct attention on maritime security in the Gulf of Guinea.
BIMCO, the blue-ribbon organization that serves as a major contributor for contending with maritime issues, is pursuing a universal declaration to stop these seaborne acts.
Problems abound with the current on-the-ground security situation in terms of halting the piracy phenomena.
Shipping in the Gulf of Guinea is an interesting and challenging business during the pandemic.
Customs
Customs complies with ministry’s directive, seeks alternative funding of its services after suspension of 4 percent FOB levy

Customs
FG orders Customs to suspend collection of 4 percent FOB levy

by the Nigeria Customs Service on all imported goods.“Following extensive consultations with industry stakeholders. trade experts, and relevant government officiais, it has become clear that the implementation of the 4% FOB charge poses significant challenges to the Nigerian trade facil tation, environment and economic stability.
“Many importers and businesses have raised concerns about the increased financial burden this levy imposes, with potential adverse effects on inflation, trade competitiveness, and the overall business Climate in Nigeria.
“This suspension will provide an opportunity for comprehensive stakeholder engagement and & thorough review of the levy’s framework and its broader economic implications .
“The Ministry of Finance looks forward to working closely with the Service and all relevant parties to devise a more equitable and efficient revenue structure that susports both revenue generation and economic growth and stability.
“Ensure strict compliance. ‘,the memo concluded.
Customs
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