Abandoned Vehicles Litter Nigeria Seaports Over High Tariffs

Lagos February 12th (newsrangers)-Due to the instability and volatility of foreign exchange in the country, several foreign-used vehicles imported into the country have been abandoned at vehicle terminals in Tin-Can Island Ports Complex, Apapa, LEADERSHIP can report. Aside from abandonment, vehicle Importation has gone down drastically due to the same forex instability and volatility. It…

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Importers, Agents Dump Vehicles, Cargoes At Seaports Over Soaring Exchange Rate

LAGOS JULY 20TH (NEWSRANGERS)-Soaring exchange rate has made some importers and agents to abandon some of their cargoes at the seaports. It was learnt that some vehicles had been abandoned immediately government introduced new exchange rate. Because of high import duty, findings from the Nigerian Ports Authority (NPA)’s Shipping Position indicated that only three vessels…

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