Business A.M
No Result
View All Result
Friday, February 13, 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

NPA extends demurrage, storage fees waiver period by 14 days

by Admin
July 29, 2025
in Maritime, Transport Business

The Nigerian Ports Authority (NPA) has extended the period for suspension of demurrage and storage charges on cargoes by 14, after the initial 21 days expired.

The NPA on March 24 announced suspension of demurrage and storage charges on imported cargoes at the wake of COVID-19 in Nigeria.

Despite the directive, shipping lines and port operators were reported to be charging for demurrage and storage respectively, a development some customs brokers threatened to challenge in court.

The Association of Nigerian Licensed Customs Agent (ANLCA), on Thursday, also asked its members to keep evidence of payment of demurrage and storage fees for future reclaim.

However, in a statement titled, “Relief measures to port users due to outbreak of COVID-19- Extension of relief Period1,” signed by Jatto Adams, general manager, Corporate and Strategic Communications, the NPA directed all port operators to suspend all storage charges on imported cargoes for another 14 days.

“The Nigerian Ports Authority has directed all terminal operators to extend the suspension of all applicable terminal storage fees on consignments (demurrage) for another 14 days elective April 13, 2020.

“This follows the extension of the lockdown in response to the COVID-19 outbreak by President Muhammadu Buhari on Sunday, April 12, 2020.

“This gesture is in recognition of the pressure that the COVID-19 pandemic imposes on businesses, the responsibility imposed on the authority to relief 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 states that compensation to terminal operators will beas spelt out in its April 8, 2020 letter to the terminal operators.

“The authority will not tolerate any form of non-compliance with directive and not hesitate to apply the appropriate sanctions.”

Previous Post

Wike orders arrest of 22 ExxonMobil staff over alleged COVID-19 violation order

Next Post

He was the very best of us, Buhari’s moving tribute to Abba Kyari

Next Post

He was the very best of us, Buhari's moving tribute to Abba Kyari

  • 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
inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

February 10, 2026

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

Lagos Energy Summit 2026 to mobilise private capital into power sector

Lagos Energy Summit 2026 to mobilise private capital into power sector

February 13, 2026
Who Gets Replaced by AI and Why?

Who Gets Replaced by AI and Why?

February 13, 2026
Why AI Disclosure Matters at Every Level

Why AI Disclosure Matters at Every Level

February 13, 2026
The Female CEO Problem: Solutions

The Female CEO Problem: Solutions

February 13, 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
  • inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

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

    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

Lagos Energy Summit 2026 to mobilise private capital into power sector

Lagos Energy Summit 2026 to mobilise private capital into power sector

February 13, 2026
Who Gets Replaced by AI and Why?

Who Gets Replaced by AI and Why?

February 13, 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