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

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

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  • Welcome
  • Special reports
    • All
    • Unedited for the record
    Terrorists captures serving military general, kills several soldiers in Borno midnight ambush

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

    US Senator Ted Cruz links sharia practices to Christian violence in Nigeria

    US Senator Ted Cruz links sharia practices to Christian violence in Nigeria

    Wike issues final grace period for FCT land use defaulters

    Wike issues final grace period for FCT land use defaulters

    Don’t put your hope on Russia, China, wipe out terrorists and their sponsors, Adeboye tells Tinubu

    Don’t put your hope on Russia, China, wipe out terrorists and their sponsors, Adeboye tells Tinubu

    US lawmaker slams Tinubu’s denial of Christian persecution in a resolution at the Congress

    US lawmaker slams Tinubu’s denial of Christian persecution in a resolution at the Congress

    Staff exits from Nigerian varsities worries N’Assembly

    Reps to present report on Plateau killings to Tinubu

  • Metro News
    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

    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

  • Latest News
    • All
    • Crime watch
    Prices of food commodities drop by 50% in Taraba markets

    Prices of food commodities drop by 50% in Taraba markets

    Nnamdi Azikiwe university gets new VC

    Nnamdi Azikiwe university gets new VC

    Pension delay now in the past -PenCom

    Pension delay now in the past -PenCom

    RCCG pastor arraigned for allegedly molesting 14-year-old girl in Lagos

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    Nigeria military confirms two soldiers were killed in Friday Boko Haram ambush, denies General’s adduction reports

    Nigeria military confirms two soldiers were killed in Friday Boko Haram ambush, denies General’s adduction reports

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

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

    Trending Tags

  • Infotech
    Cyber attack disrupts European airports

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    NIMC partners online publishers to boost digital security through NIN enrollment

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    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
    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

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

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

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    State police needed to end Plateau violence- Governor Mutfwang

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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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