Tags: records

Importers Lose Billions As Nigeria Ports Records Highest Dwell Time

The cargo dwell time in Nigeria Seaports have remained high despite government intervention through the Presidential Enabling Business Environment Council (PEBEC). Cargo dwell time is the time cargo spends within the port or its extension awaiting clearance for transportation to owners warehouse. And after three days cargo is discharged at the port from the vessels,…

FX crisis: SIFAX Group records 25% drop in H1, predicts business boom in H2

Foremost indigenous terminal operator, SIFAX Group, has projected an improved business performance in the country’s economy in the second half of the year. This optimism is hinged on the liberal foreign exchange policy announced recently by the Federal Government through the Central Bank of Nigeria, which will in turn, create a friendlier and more conducive…