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FOREX: Reps Direct NPA, NIMASA To Clarify Charges

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The House of Representatives Adhoc Committee on Review of Pump Price of Petrol last Friday directed the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA) to clarify their charges in foreign currency.
The Chairman of the Committee, Mr Raphael Igbokwe, gave the directive  during the committee’s visit to NPA and the Nigerian Maritime Administration and Safety Agency (NIMASA) headquarters in Lagos, Friday.
Igbokwe said representatives of both organisations should be present at the Executive briefing in Abuja for clarification.
He said that operators of wet cargo had complained that inability to access dollars led to deals with had multiple effects on petroleum products.
According to him, there is need to justify why NPA and NIMASA charged most of their levies in dollars.
The Tide source reports that NPA charges are: Lease and Vessel Fees; payment for Cargo and Shipping Dues; payment for Provisional Bill and Concession Fees; and payment for Pilotage and Royalties.
Reports says that NIMASA charges 3 per cent freight bench mark.
Igbokwe said that among the challenges faced by the shipping companies was that Nigerian waters were not deep enough to accommodate bigger vessels which had room outside the country
He said that inability of NPA to create room for mother vessels to berth petroleum products had lead to midstream discharge, illegal bunkering and malpractices which gave room for some operators to be short-changing the government.
“There was need for NIMASA to improve on security of Nigerian waterways to enable more vessels and bigger ones to berth at the port,’’ Igbokwe said.
He said if bigger vessels containing petroleum products berth at the ports, this  would stop operators of ship- to-ship discharge; and not discharging accurate quantity to the supplier or marketers in the supply chain.
“We are looking at NIMASA and NPA to reconcile some charges they made in dollars; to stop the increase in price of dollars as well as offshore discharge.
“From our findings, petroleum products operators disclosed that 80 per cent of vessels bringing petrol engaged in offshore discharge before bringing the products it into our water with smaller vessels.
“The operators also said that the processing had created double charges for them which had cost effect on the consumers.
“The mandate bestowed on the committee is for us to brief Nigerians time to time on how their resources are being managed, ‘’ Igbokwe said.
The Managing Director of NPA, Ms Hadiza Usman, said that the authority was working hard to tackle finance and technical charges affecting the operations of petroleum products.
The Executive Director, Marine and Operations of NPA, Dr Sekonte Davis said there was a directive by the Federal Government through the Minister of Transportation to grant 50 per cent rebate since 2009.
Davis said that the rebate was revived in 2016 when the Federal Government removed subsidy from petroleum products.
He said that NPA subsidised N3.5 billion between 2009 to 2016.
According to him the rebate had affected operations of NPA during those periods under review.
Sekonte said that dredging took almost 70 per cent of the authority’s expenditure which was done by International companies to enable constant dredging of the ports.
“NPA is partnering with international companies such as the Lagos Channel Management, Bonny Channel Company and Calabar Channel Management.
“The dredging company provides technology while NPA provides money to carry out the dredging operations on Nigerian Ports.
“There is a limitation on dredging the Nigerian Ports which could only accommodate 13 metres to avoid environmental hazards.
“The establishment of deep seaports would enable mother vessels to berth into Nigerian ports.
He said that the present management of the authority had deemed it fit to engage in continuous collaboration with all stakeholders to enable more vessels to visit Nigerian ports.
The executive director said NPA gives 30 per cent rebate to Ship To Ship operation adding that both their dollars and naira charges goes into Single Treasury’s Account (TSA) of the Federal Government.
He said that NPA would collaborate with other agencies to arrive at an appropriate calculation to determine NPA charges to make Nigerian ports a preferred destination and accessible for wet cargos.
Sekonte said that “shipping is an international business and brought into the country a lot of dollars.
“The authority pays all dues to international organisations on regulation control in dollars,’’ the executive director said..
He urged the Chief Economic Adviser to President to assist the authority to inform the Central Bank of Nigeria (CBN) to grant the shipping companies access to their dollars on Treasury Single Account (TSA) to reduce time of doing business.
In his response, the Director, Legal Services of NIMASA, Mr Suleiman Abdulsalam, representing the Director-General, Dr Dakuku Peterside, said the agency was saddled with the responsibility of ensuring safe and secured  shipping.
Peterside said that NIMASA engaged in some international obligations on Port State Control for safety of maritime environment.
He said that recently the agency apprehended a petroleum product vessel which was trying to divert from its initial destination from Nigeria to Durban and Philadelphia due to the surveillance system of the agency.

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Pipeline Explosion In Abua Odua, LGA Chair Calls For Calm

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Fresh explosions have hit oil and gas pipelines in Odau Community, in Abua/Odual Local Government Area of Rivers State, triggering a major security and  environmental crisis that has forced residents to abandon their homes.
The first incident occurred  along the Kolo Creek – Rumuekpe crude oil pipelines, operated by Renaissance Africa Energy Company Limited.
This was followed by a gas pipeline explosion on the Ogboinbiri – Obirikom Gas Pipeline, operated by Oando Plc, in the same week.
In a statement by the Abua/Odual Council Chairman, Hon. Owolobi Michael Ofori said  the blasts, suspected to be the handiwork of militants, have unleashed persistent gas leakage in the area, raising fears of fire outbreaks and toxic exposure as residents of Odau have largely deserted the community due to the dangerous situation.
According to him, some residents of the area have been hospitalised after inhaling the leaking gas, adding that the impact has spread to neighbouring communities, including Obedum, Emirikpoko, and Anyu in Abua/Odual LGA, as well as Oruma and Ibelebiri in Bayelsa State.
Hon. Ofori expressed deep concern over the plight of the affected residents and urged the operating companies to act swiftly.
The Council expressed its deepest sympathy to all affected persons and communities and remained gravely concerned about the safety, health, and welfare of residents whose lives and livelihoods have been disrupted by these incidents.
“We call on Renaissance Africa Energy Company Limited and Oando Plc to immediately deploy all necessary technical and emergency response resources to contain the fires, halt the gas leakage, secure the affected pipeline corridors, and mitigate further environmental and public health risks.” the Council Chairman Said.
The chairman also appealed to the two oil firms to provide immediate humanitarian assistance and relief materials to the displaced residents while work continues to restore normalcy.
The Council Chairman said he is working closely with security agencies and emergency responders to monitor the situation and coordinate necessary interventions.
The Council Boss advised Residents of the Local Government Area to remain calm, cooperate with authorities, and adhere strictly to safety directives.
Ofori further called on the National Emergency Management Agency (NEMA), the National Oil Spill Detection and Response Agency (NOSDRA), the Rivers State Government, and other relevant bodies to intervene urgently to prevent  loss of lives and environmental damage.
Hon. Ofori assured that the council remains committed to the protection and welfare of its people and will continue to engage all stakeholders to resolve the crisis.
Enoch Epelle
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Fidelity Bank Collaborates YEIDEP To Empower Nigerian Students

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Fidelity Bank Plc has reaffirmed its commitment to youth empowerment, financial inclusion and entrepreneurship through a strategic partnership with the Youth Economic Intervention and De-radicalization Programme (YEIDEP), a Federal Government-backed initiative aimed at equipping young Nigerians with the skills, support and opportunities needed to build sustainable livelihoods.
Under the partnership, the bank will support the enrolment of students and young people into the YEIDEP programme, which is designed to tackle youth unemployment, promote enterprise development and expand economic participation among Nigeria’s growing youth population.
The next phase of the initiative is scheduled to end today at Nnamdi Azikiwe University, Awka, where the enrolment exercise for students and youths across the South-East that started since July 1st would be concluded at the university’s Convocation Arena.
The exercise is expected to reach more than 60,000 regular undergraduate students.
Speaking on the partnership, Fidelity Bank’s Divisional Head, Product Development, Osita Ede, said youth empowerment remains central to the bank’s vision of building a more inclusive and prosperous society.
He noted that Nigeria’s youths represent the country’s greatest asset and stressed that providing them with the right skills, opportunities and financial support is critical to unlocking their potential and driving national development.
According to Ede, the bank continues to provide young Nigerians with tools for success through its digital banking platforms, financial literacy initiatives, youth-focused products and strategic partnerships.
He added that Fidelity Bank recognises that limited access to funding, mentorship and business development support remains a major challenge for many aspiring entrepreneurs, and is committed to creating pathways that will help them overcome these barriers.
The bank said its support for YEIDEP aligns with its longstanding commitment to empowering Micro, Small and Medium Enterprises (MSMEs), which it described as key drivers of economic growth and job creation in Nigeria.
Interested students and youths have been encouraged to open Fidelity Bank accounts and register for the programme through the bank’s dedicated online portal.
Nkpemenyie Mcdominic, Lagos
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NPA Launches Multi-Agency Taskforce To Combat Apapa Traffic Gridlock

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The Nigerian Ports Authority (NPA) has launched a multi-agency task force to combat the resurgence of traffic gridlock choking the Lagos Port access roads, in a fresh push to restore seamless cargo evacuation and sustain recent gains in Port efficiency.
The intervention followed a stakeholders’ meeting convened by the Managing Director of  NPA, Dr. Abubakar Dantsoho, on June 23rd, 2026, where security agencies, freight forwarders, truck operators and representatives of the Lagos State Government agreed on coordinated measures to eliminate the bottlenecks disrupting cargo movement.
At the meeting, stakeholders identified illegal extortion points, overlapping responsibilities among security agencies and other operational distortions as major factors responsible for the renewed congestion along the port corridor.
Speaking on the outcome of the meeting, the NPA’s General Manager, Corporate and Strategic Communications, Mr. Ikechukwu Onyemakara, said the Authority’s overriding priority is to guarantee the unhindered movement of cargo to and from the nation’s seaports.
According to him, the task force comprises the NPA, the Police, the National Association of Government Approved Freight Forwarders (NAGAFF), the Association of Nigerian Licensed Customs Agents (ANLCA), the Federal Road Safety Corps (FRSC), the Maritime Workers Union of Nigeria (MWUN), the Nigerian Association of Road Transport Owners (NARTO) and the Association of Maritime Truck Owners (AMATO).
“The responsibility of the task force is to monitor truck movement on the Port access roads on a regular basis, identify any disruption capable of causing gridlock and immediately resolve such challenges,” Onyemakara said.
He stressed that members of the task force would not establish checkpoints along the corridor but would maintain strategic presence at designated locations to ensure compliance without obstructing traffic.
To enhance rapid response, Onyemakara disclosed that the task force has created a dedicated WhatsApp platform through which members can instantly report infractions or emerging traffic issues for immediate intervention.
On the long-delayed renewal of the Electronic Truck Call-Up (ETO) system contract, the NPA spokesman said the Authority is reviewing the terms to ensure a more robust contractual framework before awarding a fresh agreement.
He explained that although the previous contract had expired, the ETO platform remains operational under the management of the Truck Transit Parks (TTP) pending completion of the procurement process.
He expressed confidence that the renewal would be concluded soon.
Reaffirming the Authority’s commitment to maintaining free-flowing Port access roads, Onyemakara said efficient logistics remain central to the NPA’s drive to improve Nigeria’s Port competitiveness and preserve its growing international reputation.
“We are more interested in the free flow of logistics into our ports than anyone else because it is in our own interest,” he said
Nkpemenyie Mcdominic, Lagos
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