Shipping & Maritime

The Managing Director, Nigerian Port Authority (NPA), Mohammed Bello-Koko, has stated that it would cost over $600 million to reconstruct the Tin Can Port. According to him during a live broadcast on Arise TV, the Authority had been proactive in seeking funding options…

The Nigeria Customs Service has concluded plans to redeploy the suspended electronic valuation policy for imported vehicles on Friday, it has been learnt. The policy, also known as Vehicle Inspection Number, has been generating controversy since its introduction some months back. Clearing agents…

Freight charges in the nation’s seaports have jumped by 67 per cent, resulting in increases in prices of vehicle spare parts, The PUNCH report. In separate interviews with our correspondent in Lagos, freight forwarders said they used to pay around N600, 000…

The Nigerian Ports Authority (NPA), on Saturday in Lagos, threatened to revoke the concession agreement of five terminal operators over purported collapse of ports’ infrastructure. It said currently all affected terminal operators at the nation’s seaports were under watch to ensure that they…

The Federal Ministry of Finance, Budget and National Planning has approved implementation of the ECOWAS Common External Tariff (CET) 2022-2026 which provides for a slash in import duty of pickup vehicles to 10 per cent without payment of the controversial National Automotive…

Motor dealers operating in the country have lamented that the rising cost of purchasing vehicles may double by next month if the Nigeria Customs Service (NCS) fails to suspend the controversial Vehicle Identification Number (VIN). The NCS had announced 30 days suspension…

Several Roll On Roll Off (RORO) vessels destined to berth at the Ports and Terminal Multiservice Limited (PTML) and Five Star Logistics Terminal, Tin-Can Island Port, Apapa, are currently trapped at Cotonou Ports. Investigations revealed that the vessels were stranded due to…

Clearing agents operating at the nation’s ports under the aegis of the Association of Nigerian Licensed Customs Agents have disagreed with shipping companies over the payment and refund of container deposits at the ports. The agents alleged that operators were losing at least…

The peace meeting between the Nigeria Customs Service and stakeholders, to end the ongoing strike by freight forwarders over the implementation of the Vehicle Identification Number (VIN) valuation system ended in a deadlock as the clearing agents demanded a return to the…

Protesting agents on Tuesday continued their shut down of PTML and Tin-Can ports since on Monday following their resentment against the newly introduced Vehicle Identification Number (VIN) valuation system policy of the Nigeria Customs Service (NCS). This is even as the agents…