NPA Evacuates Overtime Cargoes at Ports The Nigerian Ports Authority (NPA) has announced it's decision to commence the evacuation of overtime cargoes at the ports. A statement by NPA said that the moves to evacuate over time cargoes at the ports were intensified when the Permanent...

Unemployment Looms As Truckers Lament 50% Decline In Cargoes   Truckers have decried about 50 per cent drop in cargoes coming into the country, sparking fears of a looming unemployment in the sector. In separate chats with our correspondent in Lagos, the group also lamented a...

Customs Impound Falsely Declared Cargoes Worth N767m       The Comptroller-General of Customs Strike Force in Zone ‘A’ has intercepted contrabands and raised Debit Notes on under-declaration of cargoes worth N767m. While the contrabands were smuggled into the country from Benin Republic, the DN raised were from 13...

Oil Records Second Monthly Drop, Unsold Cargoes Increase   Crude oil in the Organisation of Petroleum Exporting Countries reference basket dropped for the second consecutive month in April, shedding 48 per cent of its worth, as cargoes of unsold oil continued to accumulate, OPEC has said. In...

Questionable Cargoes Boost Manufactured Goods Exports By N909bn Exports of locally manufactured goods went up as high as 839.44 per cent between second and third quarter of 2019, aided by what the National Bureau of Statistics classified as re-exported goods worth N909bn, which may have...