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    Kaduna port records improved activities with over 800 containers

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    Italian Prime Minister says violence against Christians unacceptable, urge Nigeria govt to take actions

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    Kaduna port records improved activities with over 800 containers

    Kaduna port records improved activities with over 800 containers

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    Trump issues fresh warning to Nigerian govt, insists extremists committing genocide against Christians

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    Trump bars South Africa from 2026 G20, Ramaphosa vows to attend

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    South Africa bar shooting leaves 11 dead, many wounded

    South Africa bar shooting leaves 11 dead, many wounded

    Military seizes  power in Guinea-Bissau

    Military seizes power in Guinea-Bissau

    Terrorists kidnap dozen of students in Niger Catholic school attack

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    US War Secretary express readiness to attack Nigeria over killings and persecution of Christians in Nigeria

    US War Secretary express readiness to attack Nigeria over killings and persecution of Christians in Nigeria

    92-year-old Biya re-elected after 43 years in power

    92-year-old Biya re-elected after 43 years in power

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  • Welcome
  • Special reports
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    • Unedited for the record
    Kaduna port records improved activities with over 800 containers

    Kaduna port records improved activities with over 800 containers

    BREAKING: Innovation minister Nnaji resigns amid academic record crisis

    BREAKING: Tinubu declares emergency on security, approves state police

    Italian Prime Minister says violence against Christians unacceptable, urge Nigeria govt to take actions

    Italian Prime Minister says violence against Christians unacceptable, urge Nigeria govt to take actions

    Trump issues fresh warning to Nigerian govt, insists extremists committing genocide against Christians

    Trump issues fresh warning to Nigerian govt, insists extremists committing genocide against Christians

    Terrorists kidnap dozen of students in Niger Catholic school attack

    Terrorists attacks disrupts education in Nigeria’s North as Taraba orders schools to close hostels

    Abia House of Assembly write Tinubu, demand Nnamdi Kanu’s unconditional release

    Abia House of Assembly write Tinubu, demand Nnamdi Kanu’s unconditional release

  • Metro News
    Resident doctors suspends strike, issues fresh four weeks ultimatum

    JUST IN: FCT resident doctors suspends strike

    FCTA begins crackdown on  1,095 abuja properties over non-payment of statutory charges

    FCTA begins crackdown on 1,095 abuja properties over non-payment of statutory charges

    NCDMB partners renaissance, first E&P, to launch Nigerian engineering olympiad

    NCDMB partners renaissance, first E&P, to launch Nigerian engineering olympiad

    FCTA distributes 5000 cylinders to formally end use of charcoal, firewood for cooking

    FCTA distributes 5000 cylinders to formally end use of charcoal, firewood for cooking

    Wike issues final grace period for FCT land use defaulters

    Wike issues final grace period for FCT land use defaulters

    Indefinite strike: FCTA has met 90% of resident doctors’ demands- official

    Indefinite strike: FCTA has met 90% of resident doctors’ demands- official

  • Latest News
    • All
    • Crime watch
    PSC begins recruitment of 50,000 police constables in line with Tinubu’s directive

    PSC begins recruitment of 50,000 police constables in line with Tinubu’s directive

    Insecurity forces FG to postpones NAFEST 2025

    BREAKING: Nigeria’s Senate approves deployment of troops to Benin Republic

    Kaduna port records improved activities with over 800 containers

    Kaduna port records improved activities with over 800 containers

    Taraba Chief Judge issues notice of Christmas vacation for high courts

    Taraba Chief Judge issues notice of Christmas vacation for high courts

    Terrorists captures serving military general, kills several soldiers in Borno midnight ambush

    Air space violation: Tension as Burkina Faso, Nigeria govt disagree over intercepted aircraft, soldiers

    ICPC, works ministry begin nationwide audit of 760 road projects worth N36 trillion

    ICPC, works ministry begin nationwide audit of 760 road projects worth N36 trillion

    Trending Tags

  • Infotech
    Cyber attack disrupts European airports

    Cyber attack disrupts European airports

    NIMC partners online publishers to boost digital security through NIN enrollment

    NIMC partners online publishers to boost digital security through NIN enrollment

    Facebook set new monetization rules for creators who uses other people content

    Facebook set new monetization rules for creators who uses other people content

    Senate approves restoration of Aniocha North II State Constituency, Delta

    Bill mandating social media platforms to have physical office, records of employees pass second reading at the Senate

    Nigeria investigated  213 privacy breaches in 2024-NDPC

    Nigeria investigated 213 privacy breaches in 2024-NDPC

    FG begins construction of emerging technologies Institute in Kano

    FG begins construction of emerging technologies Institute in Kano

  • World conflict & diplomacy
    Trump issues fresh warning to Nigerian govt, insists extremists committing genocide against Christians

    Trump orders complete closure of Venezuelan airspace

    Trump bars South Africa from 2026 G20,  Ramaphosa vows to attend

    Trump bars South Africa from 2026 G20, Ramaphosa vows to attend

    Ukraine seals  deal to buy 100 French fighter jets

    Ukraine seals deal to buy 100 French fighter jets

    US War Secretary express readiness to attack Nigeria over killings and persecution of Christians in Nigeria

    US War Secretary express readiness to attack Nigeria over killings and persecution of Christians in Nigeria

    Trump slams  $15bn lawsuit against NYT over Epstein reports

    Trump orders Pentagon to start testing nuclear weapons

    Israel confirms release of hostages in Gaza to begin early on Monday

    Israel confirms release of hostages in Gaza to begin early on Monday

  • Africa
    South Africa bar shooting leaves 11 dead, many wounded

    South Africa bar shooting leaves 11 dead, many wounded

    Military seizes  power in Guinea-Bissau

    Military seizes power in Guinea-Bissau

    Terrorists kidnap dozen of students in Niger Catholic school attack

    Terrorists attacks disrupts education in Nigeria’s North as Taraba orders schools to close hostels

    TikTok to honour African creators, artistes, trendsetters in Johannesburg

    TikTok to honour African creators, artistes, trendsetters in Johannesburg

    US War Secretary express readiness to attack Nigeria over killings and persecution of Christians in Nigeria

    US War Secretary express readiness to attack Nigeria over killings and persecution of Christians in Nigeria

    92-year-old Biya re-elected after 43 years in power

    92-year-old Biya re-elected after 43 years in power

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Naira depreciation: Vehicle importation drops by 60.8%

Daily Intel Newspaper by Daily Intel Newspaper
July 26, 2024
Naira depreciation: Vehicle importation drops by  60.8%

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The number of vehicles imported into the country has fallen by 60.4 per cent, a quarterly meeting report of the Nigerian Port Consultative Council, NPCC, has stated.

The report said “Vehicle Traffic showed only a total 10,991 units of vehicles was handled during the period under review, indicating a drop of 60.8 per cent from 28,024 units in 2023.”

Similarly, the number of ships that called at the nation’s seaports fell by 4.3 per cent to 251 in H1’24 from 275 in H1’23.

But despite the drop in vessel calls, the Gross Tonnage of ships rose 6.9 per cent to 32.614 million metric tons in H1’24 from 30,504, 276 in H1’23

The report added that “The cargo throughput, excluding crude oil, stood at 21.186 million metric tons against 18.234 million metric tons in 2023 indicating an increase of 16.1 per cent.

“Inward cargo traffic reached 13.563 million metric tons representing a 10.5 of cargo throughput in 2023. Outward cargo traffic was 7.6234 million metric tons, representing 27.7 per cent.

“Container traffic for the period under review stood at 398,447 between January and June showing an increase of 2.3 percent from 389,303 Twenty Foot Equivalent Units, TEUs handled in 2023.

“A further analysis of container traffic revealed that import containers accounted for 3.4 per cent with 198,415 TEUs while export container traffic stood at 195,106 TEUs representing a decrease of 1.2 percent of total container traffic.

“A breakdown of export container traffic revealed that empty containers accounted for about 36.3 per cent of total export container traffic. The average turn-around time of vessels was 4.6 days, compared with 5.1 days in 2023. The significant improvement in average turn-around time for vessels was brought about by the impact of the Lekki Deep Sea Port which achieved an average turn-around of only one day.

“The increase in Gross Registered Tonnage, GRT, despite the drop in the number of vessel calls revealed the berthing of bigger vessels, especially at Lekki Port where the average GRT of vessels is 3,801,191. This further gives credibility to the importance of a deep seaport to the Nigerian maritime or port development.

“Therefore, the collective efforts of all stakeholders are required to ensure that Lekki Deep Seaport does not suffer the same fate as Apapa for ease of cargo evacuation.”

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