Export

Terminal operators invested N538bn in port development — STOAN

The Seaport Terminal Operators Association of Nigeria has said private terminal operators at the seaports invested N538bn in port development from 2006 after the concession of the ports to December 2017. The spokesperson for STOAN, Dr Bolaji Akinola, said this in a statement made available to our correspondent while reacting to other issues he said were responsible for the Apapa gridlock. He said, “The major challenges facing port operations in the country are dilapidated port access roads, poor traffic management, and manual examination of cargo by Customs. “Terminal operators, like other business entities in Apapa, are victims of the dysfunctional state and chaos...

Continue reading

Nigeria, others record poor exports in 2020 – Report

Nigeria, others record poor exports in 2020 – Report

Nigeria has been listed as one of the countries that performed terribly in terms of exports in 2020. The report released on Wednesday by the United Nations Conference on Trade and Development UNCTAD listed Colombia, Saudi Arabia and Venezuela as other countries with poor exports in the same period. The report titled, ‘East Asian economies drive global trade recovery’ said countries such as China, Switzerland, Taiwan, Turkey, Uganda and Vietnam experienced relatively better export performance in 2020. The UNCTAD report said global trade recovered in the last quarter of 2020, reducing its overall decline for the year to about nine per cent, according...

Continue reading