60% drop in vehicle importation caused by high duties – PTML
The Ports & Terminal Multipurpose Limited has attributed the 60% decline in vehicle importation in the first half of 2024 to hefty…
Maritime
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Customs modernisation to promote faster cargo clearance – Master Mariner
The Nigerian Association of Master Mariners has stated that the Federal Government’s Trade Modernisation Project will promote faster cargo clearance at the…
NPA, Barge operators partner for seamless export cargo evacuation
The Nigerian Ports Authority is in discussion with the Barge Operators Association of Nigeria as part of efforts aimed at ensuring seamless…
Maritime stakeholders reveal Nigeria loses trillions annually
Maritime stakeholders have said that the country loses N1 trillion annually due to the lack of cash disbursed from the Cabotage Vessels…
FG to launch Funtua Inland Dry Port Thursday
The Federal Government has formally concluded its plans for the inauguration of Funtua Inland Dry Port in Katsina State. This was disclosed…
Nigeria, others sum up 7.8% of global seafarers – ITF
Nigeria and other African countries account for only 78,000, or 7.8 percent, of the more than 1 million certified seafarers working on…
Shippers council corporative pay out N71m dividend
The Nigerian Shippers’ Council Staff Corporative Society has disclosed that it paid dividends of N70.9 million to its members in the year…
Ports Authority forecasts N629.89bn revenue in 2024
The Managing Director of the Nigerian Ports Authority, Mr. Mohammed Bello-Koko, projected that the agency would generate N629.89 billion in revenue for…
Exchange rate for cargo clearance hits N1605.8/$1
The Central Bank of Nigeria has adjusted the exchange rate for customs clearance at ports, raising it from N1537.07 to N1605.82 per…
Shipping companies to add surcharges to Europe, American bound containers
Leading container companies have announced plans to impose additional fees to cover the costs of rerouting their vessels in reaction to recent…
CBN to sanction shipping companies over undocumented cargoes
By Wilson Adekumola The Central Bank of Nigeria has vowed to sanction shipping companies exporting undocumented cargoes from the country. …
NIMASA’s deep blue project to remove Nigeria from high rate attack nations
The Director General of Nigerian Maritime Administration and Safety Agency, Dr. Bashir Jamoh, has said that the reassurances that the deep blue…