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FG Procurement Projects Gulp N2.9tn in One Year – BPP

FG Procurement Projects Gulp N2.9tn in One Year - BPP The Bureau of Public Procurement issued 395 ‘No Objection’ certificates to various Ministries, Departments, and Agencies in the 2023 fiscal year, approving projects worth over N2.94tn. This was contained in the agency’s annual report, which detailed...

Exporters Lose $10m Over NPA’s System Upgrade

Exporters Lose $10m Over NPA's System Upgrade   Exporters under the aegis of the Association of West African Exporters and Maritime Professionals (AWAEMAP) have decried massive losses exceeding $10 million due to the Nigerian Ports Authority’s (NPA) integration of the Nigeria Export Proceed (NXP) into the...

NPA Proposes 15% Tariff Hike, May Trigger Fresh Price Increase

NPA Proposes 15% Tariff Hike, May Trigger Fresh Price Increase   The Nigerian Ports Authority (NPA) has announced plans to implement a 15% increase in its tariffs, marking the first review in over three decades, since 1993. According to the NPA, all necessary approvals for the...

Nigeria’s Total External Trade Rises to N6.9tn in Q2, Says Shettima

Nigeria's Total External Trade Rises to N6.9tn in Q2, Says Shettima Vice President Kashim Shettima has stated that trade facilitation programmes implemented by the current administration increased the country’s trade balance to N6.5tn in the second quarter of 2024. He said efforts to maximise economic opportunities...

NPA, NEPC to Link Export Terminals with Warehouses for Easier Business

NPA, NEPC to Link Export Terminals with Warehouses for Easier Business The Nigerian Ports Authority (NPA) has announced that it will partner with the Nigerian Export Promotion Council (NEPC) and other relevant partners to link the export processing terminals with domestic export warehouses. NPA added that...

FG Signs N11bn Concession Agreement For Tincan Water System

FG Signs N11bn Concession Agreement For Tincan Water System   The Federal Government through the Nigerian Ports Authority (NPA) has handed over the Tincan Island Water System facilities to Sandust Tincan Water Project Limited after it signed a 16-year concession agreement with the firm valued at...