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Tag: Port

Nigeria’s non-oil exports rise to $1.79bn in Q1 2025 – NEPC
Business

South Africa, Namibia partner on $377m transport infrastructure

Namibia and South Africa are set to launch transport infrastructure projects worth over $377 million, over the next three years to address current rail and port inadequacies. This was disclosed by the Namibian Executive Director, Ministry of Finance and Public Enterprises, Titus Ndove while speaking with CNBC Africa. He said that his office was preparing […]

Port Harcourt Disco promises clients impactful year
Electricity

Port Harcourt Disco promises clients impactful year

The Management of the Port Harcourt Electricity Distribution Plc has guaranteed customers within its franchise, a new year of positive impact as it launched the business year. According to Arise News, PHED’s Managing Director and Chief Executive Officer, Dr. Benson Uwheru, offered the assurance at a strategic discussion with business executives from across the coverage region. The MD reiterated […]

Ports and Airports

Tincan Island Port records N489.2bn in 2023 exported goods

The Tincan Island Port Command of the Nigeria Customs Service recorded a notable growth in goods exports, reaching N489.2 billion in 2023, a significant increase over the previous year. Area Comptroller, Dera Nnadi announced this during a news conference in Lagos, crediting the success to the Enforcement and Anti-smuggling Unit, which led to 96 detentions and 47 […]

Dangote refinery investors gain N1.2tn in two days
Oil and Gas

NNPCL to complete Port-Harcourt refinery test run January

The NNPCL has announced that a test run on the 60,000-bpd refinery in Port-Harcourt will be completed this month, followed by a full resume of work later. The NNPCL’s spokesperson, Femi Soneye, stated on Friday. “Testing will be completed shortly, ensuring the refinery’s efficient operation. This phase will be finished this month.” The refinery, which is now […]

Stakeholders praise NSC over planned Nasarawa dry port
Business

Stakeholders praise NSC over planned Nasarawa dry port

Maritime players have applauded the Nigerian Shippers Council’s plans to build an inland dry port in Nasarawa State. The PUNCH reported that Rotimi Hassan, the Managing Director of Kaduna Inland Dry Port, Rotimi Hassan, praised the NSC’s decision. He said, “It is a good move by the government, but I would also advise the government to look […]

Reps reject 178bn NPA bad debt petition
Ports and Airports

NPA to sell abandoned containers, relieve port congestion

The Nigerian Ports Authority has declared its plan to put containers that have stayed longer than necessary at the ports up for auction in an effort to reduce congestion and free up valuable space at Nigeria’s ports. According to Nairametrics, General Manager, Corporate and Strategic Communications, Mrs. Josephine Moltok, Nigerian Ports Authority, Lagos, said this in […]

Only four Nigeria states attract foreign investment in Q4 - Report
Business

Lagos ports processed 90% Nigerian exports in Q1 – NBS

In the first quarter of 2023, various ports in Lagos handled 97.13 percent of exports and 81.5 percent of imports, accounting for about 90 percent of all import-export transactions in Nigeria. Results from the National Bureau of Statistics Foreign Trade in Goods Statistics for Q1’23 reveal that N10.83 trillion, or 89.9% of Nigeria’s overall trade of N12.05 […]

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