Nigerian ports flaunt $15 billion facilities to aid international trade
Nigerian seaports currently flaunt about $15 billion-worth facilities that have aided the inflow and outflow of about 85 per cent of goods and services into the country. The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman, disclosed this at the presentation of a book: “Footprints of President Muhammadu Buhari in the Maritime Sector,” written…
Seaport operations flounder in Apapa traffic
As struggle to sanitise the ports continues, leaving activities of importation and exportation of goods in the doldrums. The terminal operators are counting their losses...
‘Staple crop processing centres will reduce harvest losses’
A maritime expert and chieftain of the ruling All Progressives Congress (APC) in the Ifo/Ewekoro Federal Constituency of Ogun State, Bolaji Akinola, has called for the establishment of Staple Crop Processing Centres ...
Terminal operators waive N1.5b charges on stranded power equipment containers at port
Container terminal operators in Nigeria have waived a princely sum of N1.5 billion on more than 500 stranded power equipment containers belonging to the Transmission Company of Nigeria (TCN).
Stakeholders urge goverment to focus more on ‘blue economy’
Stakeholders in the maritime industry have urged the Federal Government to shift attention to the development of the nation’s maritime sector, in its quest for economic diversification.
Dwindling cargo volume grounds ports’ operations
Volume picked up a little bit in 2013 to 78.2 million tonnes and higher to 84.9 million tonnes in 2014. But it fell again to 77.3 million tonnes in 2015 and down to paltry 53.2 million tonnes in 2016.
Smuggling will increase, until government revisits tariff, ports challenges, says Akinola
The ban on importation of vehicles through the land borders will not be effective without a corresponding slash in the tariff of vehicles. I am not trying to scare anyone, but that is the truth of the matter.