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    SERAP drags NNPCL to court over missing N22.3bn, $49.7m, £14.3m, €5.2m oil money

    SERAP drags NNPCL to court over missing N22.3bn, $49.7m, £14.3m, €5.2m oil money

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    SERAP drags NNPCL to court over missing N22.3bn, $49.7m, £14.3m, €5.2m oil money

    SERAP drags NNPCL to court over missing N22.3bn, $49.7m, £14.3m, €5.2m oil money

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    • Unedited for the record
    SERAP drags NNPCL to court over missing N22.3bn, $49.7m, £14.3m, €5.2m oil money

    SERAP drags NNPCL to court over missing N22.3bn, $49.7m, £14.3m, €5.2m oil money

    Constitution Review: NASS joint committee approves additional state for South-east

    Constitution Review: NASS joint committee approves additional state for South-east

    The legal right to protest: Malcolm Omirhobo condemns arrest of Nnamdi Kanu’s lawyer and brother | By Daniel Okonkwo

    Nnamdi Kanu seeks 90 days for defence, lists Uzodimma, Wike, Sanwo-olu, Buratai, others as witnesses

    FG directs MDAs to submit statement of account over TSA violations

    FG directs MDAs to submit statement of account over TSA violations

    I received, paid $3 million into Aisha Achimugu’s company’s account, EFCC witness tells court 

    I received, paid $3 million into Aisha Achimugu’s company’s account, EFCC witness tells court 

    New trial raises hope of detecting over 50 cancers through blood test

    New trial raises hope of detecting over 50 cancers through blood test

  • Metro News
    Abuja neighbourhood protest conversion of green areas to estates

    Abuja neighbourhood protest conversion of green areas to estates

    Police discovers decomposing bodies of woman, two children in Abuja community

    Police discovers decomposing bodies of woman, two children in Abuja community

    Doctors in FCT commence warning strike, cite systemic failure, infrastructure decay, others

    Doctors in FCT commence warning strike, cite systemic failure, infrastructure decay, others

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    FCTA clears 1,000 shanties in Abuja district

    FCT set up committee to probe sales of FG houses, parks

    FCT set up committee to probe sales of FG houses, parks

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

  • Latest News
    • All
    • Crime watch
    SERAP drags NNPCL to court over missing N22.3bn, $49.7m, £14.3m, €5.2m oil money

    SERAP drags NNPCL to court over missing N22.3bn, $49.7m, £14.3m, €5.2m oil money

    Price of rice  crashes in Lagos markets

    Price of rice crashes in Lagos markets

    Constitution Review: NASS joint committee approves additional state for South-east

    Constitution Review: NASS joint committee approves additional state for South-east

    ABU denies allegations of hidden nuclear weapon project

    ABU denies allegations of hidden nuclear weapon project

    Kogi hails Shaibu’s appointment as COAS

    Kogi hails Shaibu’s appointment as COAS

    BREAKING: Innovation minister Nnaji resigns amid academic record crisis

    BREAKING: Tinubu sacks service chiefs

    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

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

    UN chief urges compliance after Israel-Hamas agreement on Gaza plan

    UN chief urges compliance after Israel-Hamas agreement on Gaza plan

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    Hamas accepts new Gaza truce plan – Official

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    Ukraine conflict: Trump and Putin end Alaska summit without deal

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    Rwanda-backed rebels kill hundreds in DRC despite U.S.-sanctioned ceasefire

    Sudan claims army destroys Emirati aircraft, killing Colombian mercenaries

    Sudan claims army destroys Emirati aircraft, killing Colombian mercenaries

  • Africa
    Gunmen abduct electoral commissioner, ex-SUBEB chair in Niger state

    Gunmen abduct electoral commissioner, ex-SUBEB chair in Niger state

    State police needed to end Plateau violence- Governor Mutfwang

    State police needed to end Plateau violence- Governor Mutfwang

    Deputy speaker Kalu lament  funding delay for Southeast development commission

    Kalu drums support for state police, says only solution to insecurity

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    Fight against insurgency: Middle-belt Forum hail FG, Israel security pact

    Police, Omatekun, confirms the kidnap of seven farmers in Ondo

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    Nwifuru demands arrest of killers of 13 Ebonyi indigenes in Anambra

    Nwifuru demands arrest of killers of 13 Ebonyi indigenes in Anambra

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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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SERAP drags NNPCL to court over missing N22.3bn, $49.7m, £14.3m, €5.2m oil money

SERAP drags NNPCL to court over missing N22.3bn, $49.7m, £14.3m, €5.2m oil money

October 26, 2025
Price of rice  crashes in Lagos markets

Price of rice crashes in Lagos markets

October 26, 2025
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