Sunday, February 28African Business News
Shadow

Tag: Bala Usman

NPA halts licences renewal for shipping firms over holding bay crisis

NPA halts licences renewal for shipping firms over holding bay crisis

Business
The Nigerian Ports Authority (NPA), has stopped the renewal of licences for shipping firms who fail to provide holding bays for empty containers. Failure of the shipping firms to establish a holding bay where empty containers are to be stacked is a major factor for the congestion currently being experienced at the ports. The Managing Director, NPA, Hadiza Bala Usman, who confirmed this during the 14th yearly, Business Law e-conference, said: “We actually refused to renew licences to shipping companies; they have to give evidence of having empty container holding bays that is commensurate with the vessels they bring in. “I encourage stakeholders to write directly to us to the extent that you identify issues affecting this procedure, and I will also push that in our system to en...