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Tag: NPA

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NPA urges traders, investors to explore simplified export processes

The Managing Director of the Nigerian Ports Authority, Dr. Abubakar Dantsoho, has encouraged traders and investors to take advantage of the NPA’s streamlined export processes and new opportunities. This was disclosed by Dr. Dantsoho at the ongoing Kaduna International Trade Fair, themed “Promoting Efficiency in Manufacturing, Agriculture, and Trade through Digital Transformation.” He reassured stakeholders […]

News

NPA plans 15% tariff increase

The Nigerian Ports Authority has obtained approval for a 15% tariff increase, marking the first adjustment since 1993. It said the decision is driven by the need to upgrade infrastructure and equipment, ensuring Nigerian ports remain competitive with global standards. This was disclosed by Managing Director of NPA, Dr Abubakar Dantsoho, on Thursday in Lagos […]

News

Ports council eyes databank for maritime industry

The Nigerian Ports Consultative Council’s plan to establish a database for port industry statistics is aimed at creating a centralized repository for historical data and aiding industry forecasts. This initiative is expected to enhance data-driven decision-making and improve efficiency in the Nigerian port sector. According to a statement on Wednesday, NPCC leadership discussed this goal […]

News

NPA directs shippers to setup empty containers’ storage

The Nigerian Ports Authority has instructed all shipping companies operating in the country to set up designated holding bays for the storage of empty containers following a stakeholders’ meeting in Lagos on Thursday. The companies are also tasked with coordinating the efficient return of these empty containers to the ports. This move is aimed at […]

News

Vessels with 40.76m litres of petrol, other goods arrive Nigeria

The Nigerian Ports Authority announced the arrival of two vessels carrying a total of 40,766,400 litres of Premium Motor Spirit at Tincan Island Ports in Lagos State on Friday. Additionally, the NPA reported that a total of 10 vessels, carrying various commodities including used vehicles, are expected to arrive at the port between November 1 […]

News

NPA secures $700m loan for Apapa, Tincan ports rehabilitation

The Nigerian Ports Authority announced that it had obtained a $700m loan from Citibank for the rehabilitation of the Apapa and Tincan Island Ports in Lagos. This disclosure was made in a statement on Wednesday by the Managing Director of NPA, Mr. Mohammed Bello-Koko, during a panel session at the 43rd Annual Council Meeting of […]

NPA records N501bn revenue in 2023
News

NPA records N501bn revenue in 2023

Melvin Onwubuke   The Nigerian Ports Authority has said that its annual revenue grew to N501bn in 2023 from N361bn in the prior year. In a statement on Thursday, NPA’s Managing Director Mohammed Bello-Koko said that the revenue increase was due to the implementation of performance-enhancing measures. It noted that it had successfully exceeded its […]

Lawmakers question ministers on port concessions
News

Reps invite NPA, others over PPP concession mgt

The Nigerian National Petroleum Company Ltd. and the Nigerian Port Authority have received invitations from the House of Representatives to address the supervision of concessions and public-private partnerships that go back to 1999. According to the Times, the CEOs have been invited to an in-depth discussion on PPPs and concessions, which will take place in […]

Reps reject 178bn NPA bad debt petition
News

Reps reject 178bn NPA bad debt petition

The Nigerian Ports Authority’s managing director, Mohammed Bello-Koko, has been cleared of all charges of bad debt totaling N178 billion that were reported in the authority’s 2019 audited financial statement by the House of Representatives. According to The PUNCH, the accusations were refuted by the Chairman of the House Committee on Public Petitions, Mike Etaba, […]

Exchange rate for cargo clearance hits N1605.8/$1
Maritime

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 USD, marking an increase of N68.75. This update is in response to market conditions, with the CBN and Nigeria Customs Service adapting the exchange rate for cargo clearance three times within the past […]

Maritime workers threaten strike over proposed revenue deduction
News

Maritime workers threaten strike over proposed revenue deduction

Maritime workers have cautioned of a possible nationwide strike if the Federal Government proceeds with its intention to implement a 50% automatic deduction from the revenue generated by the Nigerian Ports Authority. This warning was conveyed through a joint statement issued in Lagos by the Senior Staff Association of Statutory Corporations and Government-Owned Companies, along […]