Business A.M
No Result
View All Result
Tuesday, March 10, 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 Frontpage

Lagos port operators to get 30% waiver on throughput charges

by Admin
June 29, 2019
in Frontpage
By Samson Echenim
Due to the traffic crisis on the Apapa axis, the Nigerian Ports Authority is considering a 30 per cent waiver on lease and container throughput charges for terminal operators in Apapa and Tin CAN Island ports.
On their parts, shipping lines and terminal operators have announced extension of demurrage free period by five days, giving importers a total of eight days during which their cargoes could be at the terminals without charge.
Speaking to journalists in Lagos on the matter, Hassan Bello, executive secretary, Nigerian Shippers Council, said that the council is currently in talks with NPA on the need to grant the 30 per cent waiver in port dues to terminal operators.
He however noted that this would be a temporary measure as the long term solution to the Apapa gridlock is still underway.
Bello said,  “There is an emergency and everyone will have to make some sacrifices. Terminals are making sacrifices. They are increasing demurrage to eight days from three days. The shipping companies are also extending their free demurrage periods from five to 12 days.
“We are also talking with NPA to also relax and make the charges and give 30 percent waiver of certain charges within the period contemplated, this is a temporary measure, but this is what I call general average sacrifice in order to save the situation, when a ship is about to capsize, we have a general average situation where the heavy cargoes are jettisoned and thrown overboard in order for the ship to survive.”
Speaking on the dwell time of cargoes at Nigerian ports, the shippers council boss lamented that as a result of infrastructure decay and system failure, the cargo dwell time is now getting uncomfortably longer and this is not good for business.
“Don’t forget that we are competing with other ports and we need to make our ports efficient, but with the way the government is going now, I think all the challenges will be a thing of the past,” he noted.
Admin
Admin
Previous Post

Buhari tasks RMAFC’s new board on improved revenue generation

Next Post

When Awareness of Death Improves Corporate Prosocial Behaviour

Next Post

When Awareness of Death Improves Corporate Prosocial Behaviour

  • 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

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

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

Angel investors driving Africa’s startup resilience amid global headwinds

African startups secure $272m in February, led by debt, equity mega-rounds

March 10, 2026
FCMB lifts half-year profit 23% as digital revenues and asset yields strengthen

FCMB beats recapitalisation deadline with N509bn capital base

March 10, 2026
Global growth slips to 2.6% as risks mount in 2026 – Coface

Global growth slips to 2.6% as risks mount in 2026 – Coface

March 10, 2026
Oil climbs on geopolitical tension but U.S. inventory build caps gains

Hormuz tensions put 20% of global oil supply at risk

March 10, 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
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Elumelu leads corporate mourning after UBA staff die in Afriland Towers fire

    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

Angel investors driving Africa’s startup resilience amid global headwinds

African startups secure $272m in February, led by debt, equity mega-rounds

March 10, 2026
FCMB lifts half-year profit 23% as digital revenues and asset yields strengthen

FCMB beats recapitalisation deadline with N509bn capital base

March 10, 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