Connect with us


200 NCS Officers to Vacate as NPA Reclaims Lilypond



Nigerian ports authority
  • 200 NCS Officers to Vacate as NPA Reclaims Lilypond

Over 200 officers and men of the Nigeria Customs Service may vacate the Lilypond Terminal following moves by the Nigerian Ports Authority to retain the facility for its trucks call-up system.

The Lilypond Terminal located in Ijora Lagos, is a dry port with full complement of Customs and other security agencies.

Ongoing rehabilitation works at the facility have been reportedly halted and Customs officers at the facility will be asked to leave, according to insider sources.

It was gathered that over 200 Customs officers are deployed to the Ijora based terminal. quoted a source at the facility as saying that letters have been written to the Area Controller of Lilypond Command over the development.

Our correspondent gathered that the decision to convert the terminal into a truck park was part of measures aimed at addressing the perennial gridlock at the Apapa Port access roads.

This was confirmed by the General Manager, Corporate and Strategic Communications, NPA, Mr Jatto Adams, who disclosed that the NPA had to revoke a five -year lease agreement it had earlier entered with Lilypond Container Terminal Limited.

According to him, the Authority will resume activities there to do some expansion work and ascertain the number of trucks to be accommodated at the Ijora facility.

He added that NPA would adopt an orderly electronic call-up system for trucks to be parked in the terminal before they access the ports in Lagos to address the traffic issues.

Adams had earlier disclosed that NPA leased it out with effect from September 2018 after its initial ten year lease expired in 2016.

He said, “Lilypond Container Terminal was erroneously concessioned ab-initio, this was because the said terminal does not have a water front for loading and offloading of cargo.

“Consequently, after the expiration of the lease, the terminal was, however, reclassified and granted a five- year development lease.”

Lilypond container terminal was leased to APM Terminal for a period of 10 years and the lease expired in 2016.

According to the Head, Communications, APMT, Mr Austin Fischer, the facility was dedicated as an agricultural export terminal.

He told our correspondent that APMT intended to use the facility as an agricultural terminal for its new Cold Chain project, aimed at preserving perishable goods originating from the North.

Earlier, the Chairman, Association of Nigerian Licensed Customs Agents, Lilypond Chapter, Femi Olabanji had lamented that the place had remained idle for a long time and even transit containers that were to be sent there were not delivered since August 2018.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Julius Berger Diversifies into Agro-processing



Julius Berger pix

Julius Berger Steps into Agro-processing to Seize Diversification Opportunity

Julius Berger, a leading construction company in Nigeria, said its board of directors has approved a diversification opportunity for the firm in agro-processing.

The approval was done at a meeting held on September 22, the company stated in a statement filed with the Nigerian Stock Exchange on Thursday.

Julius Berger said the approval would help the company capitalised on diversification opportunities in the agro-processing industry, especially with the emerging developments in Nigeria and government ongoing reforms to make the nation self-sufficient.

The statement read in part: “We would advise the exchange and the capital market that the Board of Julius Berger at its meeting held on September 22, 2020 approved a diversification opportunity for the company in agro-processing.

“The Board of Directors and the executive management of Julius Berger strongly believes that this diversification direction would support the continued success of the group in the future and align with the strategic objective of the government to stimulate value creation in Nigeria.

However, Julius Berger reiterated its commitment to maintaining and strengthening its leadership in the nation’s construction sector.

Continue Reading


Some Nigerians Are Charging Ship Owners Illegal $36,000 Per Month for Secure Anchorage



Ship Aveon Offshore

Ship Owners Are Paying Illegal $36,000 Per Month for Secure Anchorage in Nigeria

Mr. Rotimi Amaechi, the Minister of Transportation, on Thursday said certain people are charging ship owners illegal $1,200 per day for secure anchorage in Nigeria.

The minister registered his displeasure with continuous patronage of illegal harbours known within the circle as secure anchorage areas.

Amaechi, who spoke at the ‘2020 World Maritime Day Celebration which held at Eko Hotel and Suites in Lagos’ said the issue was unsettling.

He said, “There is a crisis in the maritime sector. The crisis is on the issue of security.

“Today, we have a single individual partnering with the military that is collecting $1,200 to the detriment of shipping companies.

“That one individual is still managing the business with support of other institutions.”

The minister also accused stakeholders of doing nothing to these individuals, saying only the government had the right to step up secure anchorage area

Continue Reading


174,574 Persons Apply For COVID-19 Support Fund Within 48 Hours




Survival Fund: 174,574 Persons Apply For COVID-19 MSME Support

More Micro Small and Medium Enterprises (MSME) has applied for Federal Government financial support under the Nigeria Economic Sustainability Plan.

According to the agency in charge of the program, within 48 hours of opening the registration portal of N75 billion National Survival Fund, a total of 174,574 applications were successfully registered for both the Guaranteed Off-take Stimulus and Survival Fund schemes.

The schemes were instituted to support businesses and individuals negatively impacted by the COVID-19 pandemic.

Mariam Katagum, Minister of State for Industry, Trade and Investment, on Thursday in Abuja said as at “8.30am this (Thursday) morning, total successful registrations stood at 174,574.”

She further stated that “the following states have the highest applications as follows, Kano, 19,895; Kaduna, 13,575; Lagos, 13,640; Katsina: 8,383; Federal Capital Territory, 8,085.

Katagum said about 138,000 applications were registered within the first 24 hours of opening the portal, these applicants created profiles and completed the first stage of registration with Kano, Kaduna and Lagos emerging as lead states.

She explained that all successful applicants were sent SMS and email verification with a list of requirements for the second stage of application which would commence on October 1, 2020.

Applicants will be required to upload details supporting their applications which will be verified and if successful, approved for disbursements,” the minister stated.

Continue Reading