Stock QuotesEurobonds ($)
NIGERIAN EUROBONDS March 16  20215.625% US$300M JUN 2022-103.962/2.446%,  6.375% US$500M JUL 2023– 108.337/2.639%, 7.625% US$1.118BN NOV 2025– 114.581/4.159%,  6.500% US$1.5BN NOV 2027– 106.967/5.250, 7.143% US$1.25BN FEB 2030 – 105.897/6.270%, 8.747% US$1.0BN JAN 2031 – 115.122/6.629%,  7.875% $1.50BN Feb 2032 – 108.095/6.810%, 7.696% $1.25BN Feb 2038 – 103.337 /7.347%,  7.625% $1.50BN Nov 2047 – 102.298 /7.425%, 9.248% $750M Jan 2049 – 115.726/7.848%.
Business Finance Info & Updates

NPA bars non-registered trucks from ports under ‘Eto’ scheme

The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman, has declared that trucks not registered under ‘Eto’, the electronic truck-call up app, would not have access to the ports from February 27, 2020.
   
Speaking during a webinar, Bala Usman said that trucks found parking on any part of the ports access roads when the scheme takes off would be impounded. She explained that all trucks are expected to be parked at designated truck parks from where they would be called into the ports when their cargo is ready for pick.
   
As part of the operation of the ‘Eto’ app, the NPA boss said that the Authority, in conjunction with the Lagos State Government, has licensed seven parks, where trucks could be stationed and invited into the ports when their cargoes are ready for pick up.

“I have always had the idea that removing human intervention in calling up trucks into the ports is key to solving the truck congestion problem. I am confident that this step, combined with improved rail access in the ports and the use of barges to move cargo will solve this problem,” Bala Usman explained.

Apart from calling up trucks, Bala Usman said that the ‘Eto’ app would also be responsible for the return of empty containers to the ports by shipping companies. This, she said, means that cargo owners are not allowed to come to the ports to drop empty containers, which must be taken to the holding bays of shipping companies.

According to her: “With Eto, we have made sure that the registration of shipping companies is tied to having empty containers holding bays. This is where consignees will drop empty containers henceforth. It is the responsibility of shipping companies to arrange how to transport empty containers to the ports through the Eto.”

Read Also:  Why sea ports remain congested

We have had pushbacks from shipping companies in the past, but what we have now is to deny their 2021 registration unless they provide empty container holding bays and log on to Eto. We are happy that they have complied.”
   
Bala Usman explained that the NPA is working with the Lagos State Government and the Federal Road Safety Corps (FRSC) to ensure full compliance with Eto operations and that trucks found around the ports without being called to the ports will be impounded and their owners made to face the law.

Guardian

Leave a Reply

Your email address will not be published. Required fields are marked *

CAPTCHA ImageChange Image