08.05.2018 3 Comments

As a result of this, the stretch of road for the outbound lane Ijora Bridge-Barracks Junction has been cordoned off since work commenced. The organization has 30 years of experience in ports management and terminal logistics support services in shore bases across Nigeria, applying the "One Stop Shop" solution under its Oil Service Centre Concept. Many other operators, including Josepdam that was formed in , and in May that year got a concession from the federal government to handle bulk and general cargo, complained loudly about what they termed Intels' monopoly of the business. Officials turn a blind eye to secret canal networks dug to ship goods across the lakes and lagoons of the border region, as well as the bribes sometimes paid to let them through, residents say. Stakeholders believed that the huge burden on the roads created by haulage of imported goods from Lagos to other parts of the country are taking toll on the longevity of the roads, thereby necessitating high expenditure on maintenance.


At present, INTELS is leading the Nigerian Oil and Gas logistics support industry as a core logistics service provider through its skill, efficiency, integrity and quality of service. The credibility of this institution was eroded. He also talked about the purpose of the Naval base established in the Lake Chad region. Confirming the figures, the acting Director, Corporate Communications Department, CBN, Isaac Okorafor, said the wholesale requests would be settled today Tuesday , adding that the closing interbank rate for Monday, March 20, , was N He said, "On privacy, the assertion about the Gulf of Guinea being the most notorious water in this part of the world has been taken seriously. According to the statement, individuals can easily access forex to address personal and business allowances. The ratings agency, in a report on Nigerian banks, pointed out that the financial institutions faced multiple threats from the operating environment in , including Nigeria sliding into recession, the economy continuing to suffer from low oil prices, and severe shortages of foreign currency FC. In her capacity as the Deputy Governor, Economic Policy, a post she held for 10 years, Alade served on the teams on major economic policy studies and was involved in the preparation of the CBN's Monetary and Credit Policy proposals over the years. Confirming the details of the sale to the dealers, the CBN acting Director, Corporate Communications, Isaac Okorafor, said the highest rate of N was the same as the last auction rate of March 8, Residents say drivers used to pass by in huge convoys, speeding toward the border, beeping their horns in celebration. The Authority is also exploring the feasibility of deploying multi modal cargo haulage around the Apapa axis. Consignees pay for the services of the clearing agents where applicable. He said a lot has been achieved in that regards. Hassan Bello, said INTELS deserved the recognition because of its defining role in the provision of integrated logistics services in the Nigerian maritime, oil and gas industries. The Gulf of Guinea definitely remains one of the most dangerous waters in the world for merchant shipping, as the latest report by EOS Risk Group stated that pirate's incidents rose to 52 attacks last year. Let me also reiterate that as a country, we appreciate the importance of getting security right at our ports, jetties and terminals and that we are committed to it", Peterside said. Lokpobiri said the government would also set up a taskforce to seal and prosecute operators of cold room, who deal on those illegally imported produce. A statement issued and signed by Ibrahim Nasiru emphasized NPA's concerns over stakeholders worries about the state of access roads to the Lagos port complex in Apapa, especially. The low ratings, it noted, reflect the significant influence of the weak operating environment, which overshadows other rating factors. He said the crane is being operated fully by Nigerians who have been trained abroad on its handling and maintenance. Uche Uwaleke, noted that the market would witness enhanced liquidity during the period with the appreciation of the naira, adding that the lower inflation rate and the expected passage of the budget would also boost fluidity. Alade, who for four months served as the acting governor of the central bank, following the suspension of the former CBN governor, Sanusi Lamido Sanusi, now the Emir of Kano, also recalled a dark period during her stint when the central bank had "four governors". According to a report, by IMF, the reform plans are not enough to bring the country out of recession. Although, there is the risk of an accident due to the bad roads, but we are compelled to use Lagos ports because we see it as a better alternative. The Escravos Bar dredging is part of measures being put in place to make the seaport commercially viable. Countries in the member West African regional bloc ECOWAS officially introduced common import tariffs in , which should reduce opportunities for smuggling, although implementation has so far been patchy. We must strive to have a strong naira and productive economy," Buhari said.


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3 thoughts on “Ubama”

  1. The CBN, in the past few weeks, has been making offers and releases to the inter-bank foreign exchange market in its bid to sustain forex supply to different categories of users.

  2. The USCG team, which was in Nigeria to examine the level of compliance with the international ISPS code assured of their support to Nigeria towards achieving a safer ports, jetties and terminals.

  3. Many of the ships that are coming to Lagos are based on the request by the importers, who are businessmen around Lagos. Overall, the largest Nigerian banks with stronger and more diverse business models, high revenue-generating capacity and stronger liquidity profiles appear to be coping better than smaller banks on most metrics.

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