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Tag: NPA

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 […]

Why importers abandon cargoes in Nigerian ports
Business

Customs, NPA plan synergy to track export cargoes

Juliet Buna The Nigeria Customs Service has said there is a need to form a joint team with the Nigerian Ports Authority to redefine export activities through the installation of trackers. This was contained in a statement by the acting Comptroller General of Customs, Adewale Adeniyi. He also expressed commitment to enhancing the output of […]

NPA, Lagos LG partner to enhance water supply
Business

NPA, Lagos LG partner to enhance water supply

The Nigerian Ports Authority and the Apapa Local Council Development district of Lagos State have joined forces to improve water supply in the state’s Apapa district. The statement was made during the second year in an office performance review meeting in Lagos by the Chairman of the Apapa Local Council Development Area of Lagos State, […]

NIMASA, Sternula collaborate on vessel communication
Business

NIMASA moves mobile floating dock to NPA’s Continental Shipyard

The Nigerian Maritime Administration and Safety Agency, has taken over areas at the Continental Shipyard that the Nigerian Ports Authority had leased to it for the purpose of running the modular floating dock. According to Vanguard, the sites comprise but are not restricted to, the dolphin jetty, the waterfront of the jetty adjoining the slipway, an […]

Barge operators decries NPA's dollar charges
Business

Barge operators decry NPA’s dollar charges

The Barge Operators Association of Nigeria has bemoaned the negative effects of dollar fees levied at the port by the Nigerian Port Authority. According to Vanguard, the Nigerian Shippers Council, claim that dollar charges are illegal under Nigerian law. These issues were brought up at a breakfast meeting in Lagos to inaugurate the newly elected executives of the […]

Onne Port records vessel traffic surge, says NPA
Ports and Airports

NPA seeks further PPP deals for renovation of TinCan Port

The Nigerian Port Authority announced that it is looking for more Public Private Partnership to fix up the infrastructure at Tincan Island Port. According to Nairametrics, this was revealed on Thursday by the Managing Director of NPA, Mr. Mohammed Bello-Koko, at the Maritime Reporters Association of Nigeria Breakfast Meeting with the theme ‘Rehabilitation of Tin Can […]

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