Business Hilights

Tracking Nigeria's Headline Business News Online

Bolaji Akinola

Synchronized repairs on Marine Bridge, W’Road’ll frustrate port operations—STOAN

The Seaport Terminal Operators Association of Nigeria (STOAN), has issued a statement in Lagos arguing that the planned simultaneous closure of the Wharf Road and the Marine Bridge would lead to a build-up of cargo haulage delays inside the port…

We lose one third of our earnings to piracy on Nigerian waters—NISA cries out

President of the Nigerian Ship Owners’ Association (NISA), Aminu Umar has opened up on the security challenges faced by indigenous and foreign shippers navigating along the Nigerian territorial waters especially in Niger Delta region. In an interview, he decried that…

How 5% freight levy on ships turned NIMASA to juicy agency for political appointees

More facts that lead to the recent trend in continuous appointment of politicians that had no industry experience in the Nigerian Maritime Administration and Safety Agency (NIMASA) have emerged. This may be the reason why the Ministry of Finance praised…

Danger as Cargo throughputs now below Guaranteed Minimum Tonnage at Ports

A scenario that tends to mean that several reforms of the maritime agencies are not working seems to be playing out across the Nigeria ports considering the revelation that cargo throughputs have fallen below the Guaranteed Minimum Tonnage (GMT). Whereas…

Seaports now shadows of themselves due to forex restriction on 41 items—Top Customs Officers

Top officials of Nigerian Customs Service (NCS) servicing in two major seaports, Apapa and Tin Can Island ports have opened up saying since the imposition of forex restrictions on 41 items, activities at the ports have ebbed to the lowest…