Business A.M
No Result
View All Result
Sunday, February 15, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Maritime

COVID-19: Importers get relief as NPA suspends demurrage, storage charges for 21 days

by Admin
July 29, 2025
in Maritime, Transport Business

COVID-19: Importers get relief as NPA suspends demurrage, storage charges for 21 days

Nigerian importers are to get benefit from a relief in fees following a directive issued by the Nigerian Ports Authority to all terminal operators in the country to suspend all applicable terminal storage fees on consignments and demurrage for an initial period of 21 days, effective March 23, 2020.

In a statement by Adams Jatto, general manager Corporate and Strategic Communications, NPA said the gesture was “in recognition of the pressure that the COVID-19 pandemic imposes on businesses, the responsibility imposed on the authority to relieve this burden on its customers as well as attaining the objective of the Federal Government’s Ease of Doing Business Policy at this trying period.”

“The authority recognises the financial implications of these policies on the terminal operators and will consider a shift in our operational charges to ameliorate the situation of stakeholders,” Jatto added.

The NPA had insisted it would not close the seaports, maintaining that as an import-dependent country, Nigeria could not afford to close her seaports at a time like this when the country would be needing aids from overseas organisations and countries.

 “One thing you have to bear in mind is that Nigeria is an import-dependent nation. Again, if we are talking of measures needed to combat the spread of the coronavirus pandemic, we will need materials to do that, and those materials have to come from other countries through the seaports,” said Jatto.

Previous Post

AfDB’s $3bn buffer social bond set against COVID-19 

Next Post

Coronomics: The cause against “Corona Keynesianism”

Next Post

Coronomics: The cause against “Corona Keynesianism”

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

February 10, 2026

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Credit constraints, price volatility cloud agribusiness outlook

Credit constraints, price volatility cloud agribusiness outlook

February 15, 2026
Bedrock Residences appoints Kofo Ati-John as chairman

Bedrock Residences appoints Kofo Ati-John as chairman

February 14, 2026
Nigerian Breweries rated ‘buy’ as analysts see stronger earnings demand driving recovery

Nigerian Breweries returns to profitability with N99bn net income

February 14, 2026
Nigerian Bottling Company advances youth development as 2026 #YouthEmpowered opens at UNILAG

Nigerian Bottling Company advances youth development as 2026 #YouthEmpowered opens at UNILAG

February 14, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • What’s Behind the Fourth-Quarter Earnings Dip?

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Credit constraints, price volatility cloud agribusiness outlook

Credit constraints, price volatility cloud agribusiness outlook

February 15, 2026
Bedrock Residences appoints Kofo Ati-John as chairman

Bedrock Residences appoints Kofo Ati-John as chairman

February 14, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M