CBN unveils new FX guidelines, approves cash movement of $50,000
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange Guidelines which provides that an individual can move cash of up to $50,000, but must be declared at the point of exit. The bank also retained the earlier provision for the movement or import of cash of up to […]
N800m consignment trapped at port over absence of cargo handling equipment
Despite payment of N226 million duty on its N800 million worth of iron rod consignment by B/ Bird Capital with loan facility, the goods are still trapped at the Josephdon terminal in Tin-Can Island port for over four weeks after obtaining all relevant clearing documents.
Specify non-conventional ships for proper waste management, control— Akinsoji
A maritime expert and former Inspector of Ships of the federation, Engr. Soji Akinsoji, has called on the management of the Nigerian Maritime Administration and Safety Agency (NIMASA) to include specification for ships operating in the nation’s inland waterways as a means of ensuring effective management and control of waste generated in the area.
Bonded terminals operators seek recognition in proposed port Act
Bonded terminals operators in the country have blamed terminal operators, popularly called “concessionaires†for non patronage of their off-dock warehouses.
Group wants independent regulatory body for port system
A group under the aegis of National Council of Managing Director of Licensed Customs Agents (NCMDLCA) has faulted calls by operators for agencies in the maritime industry to transform into a commercial regulatory body, stressing that this is the need for an independent outfit for efficient control of the sector.
NIMASA, NPA to get development plans
Minister of Transport, Alhaji Ibrahim Bio has said that the ministry would soon put in place a development plan for both the Nigerian Ports Authority (NPA) and the Nigeria Maritime Administration and Safety Agency (NIMASA)
APM Terminals breaks productivity record
APM Terminals Apapa Limited, operator of the Container Terminal in Apapa, Lagos has set another safety record: the company’s operation now boasts of more than two hundred days without a lost_time injury among its over 800 employees.
River Niger Dredging: Group faults FG’s N4b order
The directive by the Federal Government to the management of the Nigerian Ports Authority, NPA, and Nigeria Maritime Administration and Safety Agency, NIMASA, to contribute N1 billion each for the dredging of the River Niger has been faulted by the leadership of the National Council of Managing Directors of Licensed Customs Agents, NCMDLCA.
Terminal operator distances self from 150 missing containers
By Godfrey Bivbere Management of Sepid Agencies Ltd.,  managers of IKT has distanced itself from recent reports of missing 150 containers at the Ikorodu Lighter Terminal, ILT, stressing that they have done everything by the book since assuming management of the terminal. Managing Director of Sepid, Prince Sakiru Adetona at a forum in Lagos, told […]
Arrears of monetisation pitches NPA management against workers
THE payment of the enhanced salary package (monetisation) to workers of the Nigerian Ports Authority, NPA which began in July last year, has pitched management against staff of the authority as staffers are calling for the payment of arrears of the monetisation policy.
NPA seeks for regulatory power in port operations
The Nigerian Ports Authority, NPA has strongly canvassed to be given the role of technical and commercial regulator in the country’s post-concession port industry in order to achieve international best practices in the system.
