Business Hilights

Tracking Nigeria's Headline Business News Online

Seaport Terminal Operators Association of Nigeria (STOAN)

Manual cargo examination by Customs worst drawback in a 21st century economy

In as much as issues of port inefficiency are still linked to matters of  poor port access roads, overtime goods and lack of multi-modal transportation, the issue of manual cargo examination by the Nigeria Customs Service (NCS), remains the worst…

Happy Birth Day for Maritime Amazon, STOAN Chairman, Princess Haastrup

Maritime industry weekend, celebrated one of her titans and Chairman, Seaport Terminal Operators Association of Nigeria (STOAN), Princess (Dr.) Vicky Haastrup on her birthday. The celebration started when the STOAN Chairman, who is also the Executive Vice Chairman/CEO of ENL…

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…

Why STOAN waived N1.5bn on 500 containers carrying power equipment

More details have emerged on why the leadership of Seaport Terminal Operators Association of Nigeria (STOAN) yesterday, announced duty Waiver valued at about N1.5bn on stranded Transmission Company of Nigeria (TCN) containers. It would be recalled that the containers had…

FG yet to fix key indices determining ease of doing business—STOAN boss

Contrary to claims by the federal government that ease of doing business in Nigeria is rising exponentially as MDAs have stepped up service seamlessness, the Chairman of Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup has said that…

New tank farm on Creek Road, Apapa’ll suffocate the axis more—STOAN

The recent granting of approval by the federal government and the Department of Petroleum Resources (DPR), in particular has been described as ill-timed, ill-advised and negative to the already stressful life and business in the axis. Chairperson of the Seaport…

Port concession agreement provides for periodic review, now long overdue— Haastrup

Chairman, Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, has doused speculations of fears making the rounds in the maritime industry that terminal operators are under tension over planned review of concessions. In an interview, she said port…