Seaport: Nigeria Loses $15bn To Congestion, Others Annually   Nigeria is said to be losing an estimated $15billion annually due to congestion and other maritime related issues at the nation’s seaport. This is even as port users lamented mounting refuse dump on Apapa port access roads recently...

Fed Govt To Build Another Seaport In 2026 – NPA   The Federal Government is planning to set up another deep seaport in the next three to four years, the Nigerian Ports Authority has disclosed. The Managing Director of NPA, Muhammad Bello-Koko, said in an interview with...

Ajaokuta Needs Rail Line, Seaport To Thrive, Says Russia   A rail line and a functional sea port would be needed for Ajaokuta Steel Complex to thrive whenever it starts production, an on-the-spot assessment of the steel mill has shown. The on-the-spot assessment, which involved a facility...

$2 Billion Ibom Deep Seaport To Revitalize Economy The much anticipated $2 billion Ibom Deep Seaport project is closer to actualization, following the opening of the bid process in Lagos recently. Economic Confidential learnt that the three firms shortlisted for the bid process, Bollore & China...

NEXIM Bank Backs Inland Dry Seaport Projects, Targets N5.12bn Profit in 2018   The Managing Director/Chief Executive, Nigerian Export-Import Bank (NEXIM), Mr. Abba Bello has put the bank’s estimated profit before “bad and doubtful” provisions for 2018 at N5.12 billion. The figure was however, expected to shrink...