Business
COVID-19: NPA Suspends Demurrage Payment For 21 Days

The Nigerian Ports Authority has directed all terminal operators to suspend all applicable terminal storage fees on consignments (demurrage) for an initial period of 21 days effective March 23, 2020.
The NPA, in a statement signed by its General Manager, Corporate and Strategic Communication, Mr Adams Jatto, last Friday, said that the gesture was in recognition of the pressure that the COVID-19 pandemic imposed on businesses.
It added that the pandemic imposed the responsibility on the NPA to relieve this burden on its customers as well as attain the objective of the Federal Government’s ease of doing business policy.
The statement read in part: “The authority recognises the financial implications of these policies on the terminal operators and will consider a shift in our operational charges to ameliorate the situation of stakeholders.”
In reaction to the raging coronavirus, the Lagos State Government had issued a directive suspending all non-essential services.
Most businesses, except for food and pharmaceuticals, had closed.
A stakeholder, Sunny Nnebe, welcomed the move by the NPA, saying that most people who have their cargoes at the port could not pick them because of the lockdown.
“It is a big relief for us. It means we can breathe a sigh of relief, knowing we don’t have to cough out huge sums of money to pay for demurrage when businesses are not allowed to operate,” he said.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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