Business Hilights

Tracking Nigeria's Headline Business News Online

International Container Terminal Services Inc. (ICTSI)

Heavy national losses loom if NPA fails to reinstate Intels agreement

The sudden termination of the 17 years pilotage monitoring and supervision agreement with leading maritime logistics firm, Integrated Logistics Services Nigeria Limited (Intels), by the Nigerian Ports Authority’s (NPA) is still trending and causing disquiet both within and outside the…

Poor ease of doing business at ports fueling more termination of concession deals

Indications have emerged that more key concession deals sealed under Lekki Free Trade Zone (LFTZ) may be jettisoned in coming months following the recent withdrawal from related concession agreement by Manila-based container terminal operator International Container Terminal Services Inc. (ICTSI)….