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Tag Archives: Bolaji Akinola

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

Fashola latest

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 which will amount to port congestion and rise in demurrages. The statement signed by the spokesman of the group, Bolaji ...

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

NISA Umar

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 “What we are facing as shipowners is very severe and the loss is huge. In our business of shipping, especially ...

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

Nimasa boss, Dakuku Peterside

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 the agency as one of the parastatals that comply with early remittances to the federation account even though the essence ...

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Danger as Cargo throughputs now below Guaranteed Minimum Tonnage at Ports

Apapa port 2

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 several analysts traced the development to the introduction of forex restriction to 41 items known to be driving import business ...

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

Apapa port 2

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 record level since the construction of the ports. Many of them who spoke to Business Hilights on grounds of anonymity ...

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