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Thursday, July 2, 2020

In Nigeria and around the World, Food exporters face pandemic clogged shipping industry

The port backups that have paralyzed food shipments around the world for weeks aren’t getting much better. In fact, in some places, they’re getting worse. Nigeria, the problem is too many containers, which are piling up and clogging the ports. Workers who would normally be...

NPA orders terminal operators to suspend collection of charges

The Nigerian Ports Authority (NPA) has directed all terminal operators to suspend the collection of all applicable terminal storage fees cum demurrage through the period of the extension of the 14 days stay at home order issued by the Federal Government. The Federal Government had...

Nigeria’s Buhari imposes cargo vessel restrictions to curb coronavirus spread

LAGOS, March 26 - Nigeria will only allow cargo vessels that have been at sea for more than two weeks to dock in its ports to prevent the spread of coronavirus, President Muhammadu Buhari said on Thursday. Health experts fear a widespread outbreak in...

Jamoh takes over as NIMASA DG, pledges to harness Blue economy

Steve Agbota The newly appointed Director General, Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Bashir Jamoh, on Tuesday assumed office with a pledge to engage more deeply industry stakeholders to come up with policies that would drive the maritime sector forward. The NIMASA...

With China accounting 30% shipping, Nigeria’s maritime sector threatened with $1.7bn revenue loss over coronavirus

Against rising concerns of a likely impact of COVID-19 disease popularly known as Coronavirus on the global economy, the shipping sector may be at the risk of losing an estimated $1.7 billion revenue if the disease is not stemmed. The most affected could be...

Nigeria’s aviation outlook 2020: National carrier, Infrastructure, Litigation top agenda

As the new year begins, experts and stakeholders in the industry are optimistic that the year will offer a vista of opportunities for great improvement targeted at positoning the sector for greater heights. Government’s initiative to deliver a new national carrier and...

Lekki Seaport: Chinese investor pumps $629m to complete project

…Sanwo-Olu Witnesses Agreement Signing, Says Development A Major Milestone In 30 months, Nigeria’s first deep seaport will be delivered in Lekki - a coastal community in the nation’s commercial nerve-centre - Lagos State. On Wednesday, Governor Babajide Sanwo-Olu witnessed the signing of four agreements with China...

C’River’s Bakassi Deep Seaport to gulp $2bn — Devt Commission

The Cross River Debt Review and Development Commission has revealed that the proposed Bakassi Deep Seaport to sighted in State, will cost between $1.7 billion and $2 billion. The Commission made this known at the weekend during an interactive session with journalists in Calabar. The...

Nigeria Seeks to Install Scanners at Seaports to boost ease of doing business

The federal government has been urged to compel the Nigeria Customs Service (NCS) to provide scanners at the nation’s sea ports so as to facilitate trade and enhance the ease of doing business. Speaking at maritime stakeholders’ forum in Lagos, the Managing Director of Nigerian...

Nigeria in Talks with World Bank for Fresh $2.5 Billion Loan

By Dulue Mbachu Nigeria is seeking concessionary loans to fill revenue gaps Country received $2.4 billion from World Bank in the past year The World Bank and Nigeria are in talks for as much as $2.5 billion in...
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