Storm at Ports: NPA Rocked by $25m, N160m Scandals
The Nigerian Ports Authority (NPA) has come under intense scrutiny following allegations detailing a deep-rooted culture of corruption, operational inefficiency, and political interference within the agency.
According to insider revelations obtained by Economic Confidential, senior officials at...
Port Agencies, Stakeholders Collaborate to Reduce N2.5trn Losses
The Nigerian Shippers’ Council (NSC) and the Nigerian Ports Authority (NPA) have called for stronger public-private collaboration to tackle chronic inefficiencies at the nation’s ports.
This is as Nigeria seeks to unlock the estimated $3.4tn market potential under...
FG Vows to Continue Naira-for-Crude Deal
The Federal Government has confirmed that crude and refined product sales in Naira initiative will continue as a national policy.
This assurance was contained in the official X (formerly Twitter) handle of the Federal Ministry of Finance on Wednesday morning...
Petrol Imports Surge to 154m Litres Weekly Amid Naira-for-Crude Crisis
Seven vessels carrying imported Premium Motor Spirit, popularly called petrol, are expected to berth at seaports along the nation’s borders between Monday, March 17, and Sunday, March 23.
According to a document obtained from the Nigerian...
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 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...
