Tin Can Port congestion: FG’s axe dangles over terminal operator

The Federal Government might come heavily on Tin Can Island Container Terminal Limited, the concessionaire in charge of Ashaye terminal of the Tin Can...

Adulterated fuel, diesel flood markets, DPR admits

The nation’s petroleum products market is currently flooded with adulterated products, Department of Petroleum Resources (DPR), admitted on Thursday. Products like Premium Motor Spirit (PMS),...

‘Nigerian ports handle 2,427 vessels in six months’

Besides crude oil terminals, 2,427 ocean going vessels with a total Gross Registered Tonnage (GRT) of 60,096,179 gross tons called at Nigerian Ports in...

Nigerian ship owners decry Govt neglect

Nigerian ship owners have raised the alarm over government neglect of the shipping sector of the economy. The ship owners, under the aegis of Indigenous...

Stakeholders advocate abolition of kerosene subsidy

Stakeholders in the downstream sector of the oil industry have called on the federal government to abolish payment of subsidy on kerosene and utilise...

‘3% benchmark freight levy review can’t crash shipping cost’

High expectations by stakeholders that the October 1, 2013 takeoff of the downward reviewed three percent benchmark freight levy on imports and exports in the...

NARTO gives PEF ultimatum to review Project Aquila

The National Executive Council of the Nigerian Association of Road Transport Owners has given the Petroleum Equalisation Fund a two week ultimatum to correct...

Anxiety at ports over Customs irregular tariff regime

There are indications that Customs agents in Lagos ports may down tools to protest the irregular Customs tariffs classification on cargoes which operators said...

House: give credit for N850bn subsidy savings to Okonjo-Iweala, not Madueke

The Chairman of the House of Representatives Committee on Finance, Hon. Abdulmunini Jibrin, has said the Coordinating Minister for the Economy and Minister of...

Aviation fuel: ‘Passengers may pay higher fares’

With airline operators still battling to cut costs and stay afloat in the face of rising prices of aviation fuel and operations, air passengers...

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