Tag: Port

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 […]

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 […]