...‘Why economy won’t recover soon’
...Clearing agents, LCCI blame exchange rate, high duties
Efforts at job creation and price stabilisation are proving very little in the face of dwindling seaport operations. Statistics from the Nigerian Ports Authority (NPA) showed nine-month low of import and export estimates....
NPA’s Managing Director Ms Hadiza Bala Usman, sources said, was furious when she learnt that four terminal operators and two firms at Onne Port were owing the agency $7,931,247 and N9,458, 785,726.
The debt excludes what the Nigerian National Petroleum Corporation (NNPC) and other terminal...
The nation’s fragile economy faces another crisis as the Nigerian Ports Authority (NPA) is restraining the berthing of ships contracted by the Nigerian National Petroleum Corporation (NNPC) for non-payment of N5 billion debt.
This is coming just as Nigerians are grappling with the possibility of...
