Tuesday, August 16, 2022
Economy

Economy

CSR INITIATIVE: NPA/LCM Renovate Apapa General Hospital

The Nigerian Ports Authority (NPA) in collaboration with the Lagos Channel Management (LCM) has commissioned a renovated Accident & Emergency Ward/Unit at the Apapa General Hospital and other projects which included Medical waste facilities. Managing Director, NPA, Mohammed Bello- Koko,...

‘AfCFTA success dependent on govt investment, OPS participation’

The Federal Government, in collaboration with Pan-African Manufacturers Association (PAMA), has announced plans to boost intra-Africa trade currently at 13 per cent, noting that with African Continental Free Trade Agreement (AfCFTA) in full force, African governments must invest heavily...

PENGASSAN Blames Rising Cooking Gas Price On Forex

The Petroleum and Natural Gas Senior Staff Association of Nigeria has said that the greatest problem causing the rise in the cost of Liquefied Petroleum Gas, popularly called cooking gas, is the fall of the naira against the United...

It’ll cause port congestion — Reps ask CBN to suspend e-invoice policy

The House of Representatives has asked the Central Bank of Nigeria (CBN) to suspend the planned implementation of an electronic invoice (e-invoice) for all import and export operations, alleging that the policy was “hurriedly” put together and could distort...
The Shipping Trade Practitioners Association of Nigeria (STPAON) has pledged to boost shipping activities at Cross River, Rivers, and Delta states, popularly known as the Eastern ports. shipping The shipping ports are in Calabar, Onne and Warri, of the three respective states. The Patron of STPAON, Mr Kenneth Nwulu, made the pledge at the inauguration of Executives of STPAON Onne Port Chapter in Onne, Rivers on Friday. He said the opening of STPAON’s chapter in Onne port was targeted towards ensuring full shipping activities return to the ports in the eastern zone. “The essence is to bring more life into the shipping industry; balance economic activities in the nation’s ports as well as ensure a unified billing system in all the nation’s ports. “We want all the ports in the Eastern zone to become functional especially as Calabar and Warri ports have been lying fallow for several years without use. “So, we are here to bring the Federal Government’s attention to the known constraints, with focus to resolving them and drawing huge traffic to Calabar, Onne and Warri ports,” he said. Nwulu said the group would provide an administrative framework at the STPAON branch at Onne port, to enable stakeholders’ key into the vision of the association. He said the association was concerned over the decaying infrastructure of the 105-years-old Port Harcourt port and sued the Federal Government to rehabilitate the port. “We are worried about the safety condition of the port, and as such, call on the Federal Government to immediately commence rehabilitation of the Port Harcourt port. “Similarly, we call on the government to urgently commence rehabilitation of the other eastern ports, to make trade easy for local and international traders,” he added. Read Also: LASG Trains 100 Pupils On Waterway Safety The President of STPAON, Isreal Oyina said the association was also planning to open its branches at Calabar, Warri and Lagos ports. According to him, the opening of STPAON at Onne port meant that members now have a union that would protect their lawful activities at the port. “The association will ensure that some of the known anomalies in the industry would be corrected and done the right way,” Oyina noted. On his part, Mr Kazeem Adebisi, the President of STPAON in Onne Port, said the newly inaugurated executives would immediately swing into action to improve ease of doing business at the port. Adebisi said that members would bring up programmes to ensure consignees, ship owners and charterers become confident in doing business at the port. “This is because the more export business we do at the Onne port, the more it becomes beneficial to the nation’s economy,” he said.

Shippers’ Move To Improve Shipping Activities In Onne, Warri Ports

The Shipping Trade Practitioners Association of Nigeria (STPAON) has pledged to boost shipping activities at Cross River, Rivers, and Delta states, popularly known as the Eastern ports. The shipping ports are in Calabar, Onne and Warri, of the three respective...

Seven killed in Niger boat accident

No fewer than seven persons were said to have been killed in a boat mishap that occurred in Zhigiri village of Shiroro Local Government Area of Niger State. The incident was said to have occurred when some of the villagers...
‘It’s cheaper to transport a container from China to Lagos than Lagos to Kano’

‘It’s cheaper to transport a container from China to Lagos than Lagos to Kano’

The Chairman of BUA Group, Abdul-Samad Rabiu, has said that it is cheaper to transport a container from China to Lagos than from Lagos to Kano. Rabiu merely echoes what many maritime industry stakeholders have said over and over again....

China seizes Uganda’s only international airport over $207m debt

Chinese lenders, the Export-Import Bank of China, also known as Exim Bank, has taken over the Ugandan Entebbe International Airport and other assets in the country over the failure of the Ugandan government to repay a loan. This came despite...

Customs generated N799bn revenue in 5 months

The Nigeria Customs Service (NCS) has said that it generated N799 billion in revenues between January and May 2021. This represents a N226.1 billion increase when compared with the amount generated for the same period in 2020. This disclosure was made...
tax in nigeria

Human face imperative for revenue drive

It does not come as a surprise that the drive by financially hard-pressed states to raise internally generated revenue is making life and business difficult for citizens, considering the many battles the average Nigerian is fighting for survival. States...

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Barge Operations Critical To Reducing Gridlocks On Ports Access Roads –...

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh noted that a well-regulated barge operating industry in the...

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