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    Former UK prime minister Blair, Witkoff, Rubio on the list of  Trump’s Gaza ‘Board of Peace ‘

    Former UK prime minister Blair, Witkoff, Rubio on the list of Trump’s Gaza ‘Board of Peace ‘

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    Former UK prime minister Blair, Witkoff, Rubio on the list of  Trump’s Gaza ‘Board of Peace ‘

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  • Welcome
  • Special reports
    • All
    • Unedited for the record
    Former UK prime minister Blair, Witkoff, Rubio on the list of  Trump’s Gaza ‘Board of Peace ‘

    Former UK prime minister Blair, Witkoff, Rubio on the list of Trump’s Gaza ‘Board of Peace ‘

    FCTA workers announces indefinite strike over tenure elongation of retired perm sec, directors ,others

    FCTA workers announces indefinite strike over tenure elongation of retired perm sec, directors ,others

    Court orders FG to reinstate Enugu hospital MD

    Court orders FG to reinstate Enugu hospital MD

    Bandits attack National Park Service Office, kill personnel in Oyo

    Bandits attack National Park Service Office, kill personnel in Oyo

    Lagos police summon to Pastor Chris Okafor over multiple rape allegations

    Lagos police summon to Pastor Chris Okafor over multiple rape allegations

    Kaduna port records improved activities with over 800 containers

    Kaduna port records improved activities with over 800 containers

  • Metro News
    FCTA workers announces indefinite strike over tenure elongation of retired perm sec, directors ,others

    FCTA workers announces indefinite strike over tenure elongation of retired perm sec, directors ,others

    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

  • Latest News
    • All
    • Crime watch
    US embassy  in Abuja joins Americans to mark Martin Luther King Jr Day, orders closure Monday

    US embassy in Abuja joins Americans to mark Martin Luther King Jr Day, orders closure Monday

    Insecurity forces FG to postpones NAFEST 2025

    SERAP sues state governors, FCT minister over uncounted N400bn voted for security yearly

    Makinde to set up special intervention fund for LAUTECH’s Iseyin campus

    Makinde to set up special intervention fund for LAUTECH’s Iseyin campus

    Israel objects as U.S. names members of Gaza executive committee

    Israel objects as U.S. names members of Gaza executive committee

    Former UK prime minister Blair, Witkoff, Rubio on the list of  Trump’s Gaza ‘Board of Peace ‘

    Former UK prime minister Blair, Witkoff, Rubio on the list of Trump’s Gaza ‘Board of Peace ‘

    Aid cut pushes 1.2 million people in North-East deeper into hunger-WFP

    Aid cut pushes 1.2 million people in North-East deeper into hunger-WFP

    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
    Former UK prime minister Blair, Witkoff, Rubio on the list of  Trump’s Gaza ‘Board of Peace ‘

    Former UK prime minister Blair, Witkoff, Rubio on the list of Trump’s Gaza ‘Board of Peace ‘

    US designates muslim brotherhood in Lebanon, Jordan and Egypt as terrorist groups

    US designates muslim brotherhood in Lebanon, Jordan and Egypt as terrorist groups

    Ukraine War: Trump backs new sanctions on Russia

    Ukraine War: Trump backs new sanctions on Russia

    US resumes surveillance of Sambisa forest after Sokoto airstrikes

    US resumes surveillance of Sambisa forest after Sokoto airstrikes

    UN says militia killed over 1,000 civilians in Sudan’s civil war

    UN says militia killed over 1,000 civilians in Sudan’s civil war

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

    Trump orders complete closure of Venezuelan airspace

  • Africa
    Aid cut pushes 1.2 million people in North-East deeper into hunger-WFP

    Aid cut pushes 1.2 million people in North-East deeper into hunger-WFP

    US reopens redesigned American Centre in Abuja Embassy

    US reopens redesigned American Centre in Abuja Embassy

    Nigeria: A divided country, time for “velvet divorce” | By Bayo Oluwasanmi

    Nigeria to host maiden African Supporters Awards in Lagos

    Trump suspends US Green Card lottery after Brown University shooting

    Trump considers recognition of Somaliland after Israel

    UN says militia killed over 1,000 civilians in Sudan’s civil war

    UN says militia killed over 1,000 civilians in Sudan’s civil war

    Namibian minister commends Nigeria’s Renewed Hope housing programme, applauds  NHF Scheme

    Namibian minister commends Nigeria’s Renewed Hope housing programme, applauds NHF Scheme

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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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