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    Full text: PRESIDENT BOLA TINUBU’S STATEMENT ON THE SECOND ANNIVERSARY OF HIS ADMINISTRATION

    New oral antibiotics to treat complicated urinary infections set for approval-GSK

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    Police extend deadline for tinted glass permit to August 12

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    Iran launch over 100 drones towards Israel as conflict escalates

    Iran launch over 100 drones towards Israel as conflict escalates

    Six nuclear scientists killed in Israel attack on Iran — Reports

    Six nuclear scientists killed in Israel attack on Iran — Reports

    UK backs Morocco’s autonomy plan for Western Sahara

    UK backs Morocco’s autonomy plan for Western Sahara

    New ceasefire deal: Hamas to release 10 Israeli hostages, 18 dead others

    New ceasefire deal: Hamas to release 10 Israeli hostages, 18 dead others

    Kurdish fighters, the PKK announced it is disbanding after 40-year of struggle

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    STOP, Trump tells Putin after Russia’s deadly Kyiv strike

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    Police extend deadline for tinted glass permit to August 12

    Police extend deadline for tinted glass permit to August 12

    Tinubu govt assures farmers of security support against bandits, killer herdsmen

    Tinubu govt assures farmers of security support against bandits, killer herdsmen

    Northern governors, traditional rulers back state police

    Northern governors, traditional rulers back state police

    Senate approves restoration of Aniocha North II State Constituency, Delta

    Senate sets up ad hoc committee for national security summit

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    Benue gets new commissioner

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    Six nuclear scientists killed in Israel attack on Iran — Reports

    Six nuclear scientists killed in Israel attack on Iran — Reports

    UK backs Morocco’s autonomy plan for Western Sahara

    UK backs Morocco’s autonomy plan for Western Sahara

    Full text:  PRESIDENT BOLA TINUBU’S STATEMENT ON THE SECOND ANNIVERSARY OF HIS ADMINISTRATION

    Full text: PRESIDENT BOLA TINUBU’S STATEMENT ON THE SECOND ANNIVERSARY OF HIS ADMINISTRATION

    New oral antibiotics to treat complicated urinary infections set for approval-GSK

    New oral antibiotics to treat complicated urinary infections set for approval-GSK

    Again, armed men invade another Abuja estate, many feared abducted

    Again, armed men invade another Abuja estate, many feared abducted

    US to phase-out penny

    US to phase-out penny

  • Metro News
    Abuja braces for two-week without water as rehabilitation works commence

    Abuja braces for two-week without water as rehabilitation works commence

    Ground rent: FCTA to take ownership of 4,794 revoked properties from Monday

    Ground rent: FCTA to take ownership of 4,794 revoked properties from Monday

    Apo-Wassa road ready for inauguration on Tinubu’s second anniversary-Wike

    Apo-Wassa road ready for inauguration on Tinubu’s second anniversary-Wike

    Wike approves recruitment of 34 resident doctors for FCT hospitals

    Wike constitute teams to screen Abuja land tittles

    FG revokes allocation to defaulting national housing programme beneficiaries

    Only two of 445 mass housing developers met FCTA conditions – Official

    Police foil robery operation in Abuja estate

    Police foil robery operation in Abuja estate

  • Latest News
    • All
    • Crime watch
    Police extend deadline for tinted glass permit to August 12

    Police extend deadline for tinted glass permit to August 12

    Federal University Gashua matriculates 927 students

    Federal University Gashua matriculates 927 students

    UNICEF commends Zamfara zero polio status

    UNICEF commends Zamfara zero polio status

    Nat’l honor:  Editors association congratulates   Onanuga,  pledge media collaboration

    Nat’l honor: Editors association congratulates Onanuga, pledge media collaboration

    Ondo gov nominates 12 commissioners

    Ondo gov nominates 12 commissioners

    Iran launch over 100 drones towards Israel as conflict escalates

    Iran launch over 100 drones towards Israel as conflict escalates

    Trending Tags

  • Infotech
    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

    MTN denies orchestrating poor network to influence FG, labour talk, apologizes for network fluctuations

    MTN shuns Labour-FG committee on tariff review, hike data tariff by 200%

    Disconnections not to frustrate ₦EndBadGovernance Protest-Telcos

    FG receives recommendation on telecoms tarrif hike

    Peter Obi donates computers to Adamawa school, canvasses increased knowledge in ICT

    Peter Obi donates computers to Adamawa school, canvasses increased knowledge in ICT

  • World conflict & diplomacy
    Iran launch over 100 drones towards Israel as conflict escalates

    Iran launch over 100 drones towards Israel as conflict escalates

    Six nuclear scientists killed in Israel attack on Iran — Reports

    Six nuclear scientists killed in Israel attack on Iran — Reports

    UK backs Morocco’s autonomy plan for Western Sahara

    UK backs Morocco’s autonomy plan for Western Sahara

    New ceasefire deal: Hamas to release 10 Israeli hostages, 18 dead others

    New ceasefire deal: Hamas to release 10 Israeli hostages, 18 dead others

    Kurdish fighters, the PKK announced it is disbanding after 40-year of struggle

    Kurdish fighters, the PKK announced it is disbanding after 40-year of struggle

    STOP, Trump tells Putin after Russia’s deadly Kyiv strike

    STOP, Trump tells Putin after Russia’s deadly Kyiv strike

  • Security
    Police extend deadline for tinted glass permit to August 12

    Police extend deadline for tinted glass permit to August 12

    Tinubu govt assures farmers of security support against bandits, killer herdsmen

    Tinubu govt assures farmers of security support against bandits, killer herdsmen

    Northern governors, traditional rulers back state police

    Northern governors, traditional rulers back state police

    Senate approves restoration of Aniocha North II State Constituency, Delta

    Senate sets up ad hoc committee for national security summit

    Benue gets new commissioner

    Benue gets new commissioner

    JUST IN: S’court halts allocation of funds to Rivers state

    BREAKING: Scores feared killed in fresh Fulani attack on Benue community

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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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