Exporters have solicited the federal government's intervention business to mitigate the impact of the coronavirus pandemic on export business in the country. The Executive Secretary of the Organised Private Sector Exporters Association (OPEXA), Mr. Jayeola Olarewaju, said the government should sustain the Export Expansion Grant (EEG) introduced in 2017 to help exporters take in the […]
Palpable tension now hovers around the Lagos and Tin-Can Island Ports complexes as the number of days each vessels waiting to be called in to berth at the different terminals has now increased to 50 days. Aside the increase in turn-around time, about 1000 container load of raw materials meant for export are also trapped […]
President Muhammadu Buhari has directed the Nigerian Ports Authority (NPA) to comply with the federal government's approval of a 25-year lease agreement with the Lagos Deep Offshore Logistics Base (LADOL). To this end, it is expected that the NPA would restore the land lease agreement with LADOL, which was terminated earlier this year. The Attorney-General […]
To rescue trapped cargoes and ensure seamless evacuation of containers, the Nigerian Shippers’ Council (NSC), has resumed rail operations to APM Terminal, in Lagos Port. The Executive Secretary, NSC, Hassan Bello, said the revival of rail evacuation would help decongest the terminal and allow export cargoes trapped at various private garages and port corridors access […]
International Maritime Organisation (IMO), a specialised agency of the United Nations responsible for regulating shipping, has lauded Nigeria's efforts to stem piracy in its waters and the Gulf of Guinea. In a letter to the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, IMO Secretary General, Kitack Lim, said […]
Members of the National Assembly from the North East geopolitical zone, including the President of the Senate, Dr. Ahmad Lawan, have protested the exclusion of the geopolitical zone in the reopening of some airports by the Federal Ministry of Aviation. The lawmakers under the aegis of North East Caucus-led by Senator Danjuma Goje, made the […]
World airlines yesterday rallied governments to reopen international borders, and give financial bailouts to save economies and airlines from collapse. The airlines, under the aegis of the International Air Transport Association (IATA), said the measures would hasten the recovery and slow current losses that are plundering the airlines out of business. IATA, Tuesday, released its […]
Dockworkers at the Rivers ports have commended President Muhammadu Buhari for his commitment to due process, which has led to reopening the BUA Terminals shut down last year by the Nigerian Ports Authority. It will be recalled that in 2019, the NPA issued a notice of termination to BUA Ports and Terminals, concessionaires of the […]
The federal government has handed over the fishing vessel 'Marine 707,'suspected to be carrying out illegal activities in the Gulf of Guinea to the Ghanian authorities for further investigation and possible prosecution. Nigeria also handed over 51 crew members, including 48 Ghanians and three South Korea nationals to the government of Ghana and Korea respectively. […]
Airlines in Nigeria and other African countries hit the rock bottom in the month of April, with passenger traffic dropping by a whopping 98.7 per cent. A regional travel estimate recently released by the International Air Transport Association (IATA), showed that the dip was nearly twice as bad as the 49.8 per cent demand drop […]
