Business
NPA Tackles Port Congestion With APM Terminals, Shipping Lines
…Harps On Enhanced Coordination Among Parties To Address Challenges
Following the public outcry over the delay in evacuation of empty containers leading to yard congestion at the APM Terminals, Apapa, Lagos, the Nigerian Ports’ Authority, NPA, recently, convened a crucial meeting comprising of the major shipping lines and the APM Terminals, Apapa to discuss the challenges and chart a way forward.
The General Manager, Corporate and Strategic Communications, NPA, Mr. Ikechukwu Onyemekara who disclosed this to newsmen in Lagos said that the meeting was held on Wednesday, June 4, 2025, at the instance of the Port Manager, Lagos Port Complex, Adebowale Lawal.
He said the meeting had in attendance major shipping lines including: Maersk Line, Hapag Lloyd, Pacific International Lines, PIL, CMA CGM, COSCO shipping and APM Terminals , (APMT).
According to Onyemekara,”the NPA requested all the shipping lines to submit an updated list of their holding bays, including locations and capacity, the Port Management emphasized the need to be involved in the examination of those holding bays so as to keep abreast of the potential operational challenges.”
On the terminal capacity at the APM Terminals, Onyemekara noted the shipping lines and the Management of APMT agreed to enhance the process of communicating available free pools to each shipping line in order to guide their container movement.
He stated that the shipping lines also blamed the significant congestion during the period under review on a simultaneous gate closure to all the shipping lines by the management of APMT.
He however said that the APMT management insisted that the terminal reached its full capacity due to increased import and export volume arguing that there was a notable delay in the evacuation of both imports and exports by the shipping lines.
Speaking on the resolutions reached at the meeting, the NPA spokesman observed that it was resolved that the APMT should regularly communicate yard stock levels to the shipping lines to improve planning and coordination.
“It was also resolved that the notification period prior to terminal gate closure should be revised as follows: five (5) days initial notice in advance; three (3) days reminder before closure and one day (1) final notice before closure.
“While it was further resolved that APMT was to engage off dock terminals by moving import containers to off dock terminals in order to create more space within the terminal, the Port Management should actively participate in the inspection and assessment of holding bays to better understand and manage capacity and operational challenges.
“While all parties acknowledged their respective responsibilities, it was agreed that better communication, timely notification and strategic use of holding bays and bonded terminals were critical to alleviating pressure on terminal capacity”, he submitted.
He thereafter quoted the Port Manager, Lagos Port Complex, Adebowale Lawal as emphasizing the urgent need for enhanced coordination among terminal operators, shipping lines and the port management to address the growing challenges related to terminal congestion, especially due to the accumulation of empty containers.
Recall that there have been insinuations suggesting that APM Terminals Apapa is not receiving empty containers, allegedly contributing to yard congestion. However, the terminal operator has clarified that the management of empty container evacuation into the terminal – and subsequent shipment onto vessels – is the exclusive responsibility of shipping lines, which own and control all containers.
In a statement recently, APM Terminals Apapa Terminal Manager, Steen Knudsen, said due to a sharp and sustained surge in import cargo volumes over recent weeks, shipping lines have had to prioritize discharging incoming laden containers over evacuating empties. This operational shift has resulted in a growing inventory of empty containers within the terminal, significantly limiting yard space.
“As a result of this accumulation, APM Terminals Apapa has had to temporarily restrict the reception of additional empty containers until the existing stock is cleared by the shipping lines”, Knudsen said.
Independent.ng
Business
Filling Stations Adjust Petrol Prices Again as New Landing Cost Emerges
Fresh petrol depot prices have emerged across Nigeria as marketers adjust to rising crude oil prices and renewed tensions in the Middle East.
The latest pricing changes come amid growing uncertainty in the global energy market following fresh military exchanges between the United States and Iran near the Strait of Hormuz, one of the world’s most important oil transit routes.
ndustry data tracked by PetroleumPriceNG and monitored by Legit.ng show that depot owners raised their Premium Motor Spirit (PMS) prices as a protective measure against potential losses linked to volatile international oil prices.
Global crude oil prices climbed during early trading on Wednesday, June 10, 2026, after the United States launched strikes on Iranian military infrastructure near the Strait of Hormuz.
As of 5:08 a.m. WAT, Brent crude rose by 1.03% to $92.39 per barrel, while the U.S. West Texas Intermediate (WTI) crude gained 0.91% to trade at $89.00 per barrel, according to a report by Oilprice.com
The market rally followed reports that American forces targeted Iranian air defence systems, radar installations and surveillance facilities after Washington accused Tehran of bringing down a U.S. Army Apache helicopter operating within the region.
The U.S. Central Command described the strikes as a defensive response. However, Iran denied responsibility for the helicopter incident and accused the United States of escalating tensions unnecessarily. The development has raised fears of a broader regional conflict that could disrupt global crude oil supplies.
Checks across fuel depots nationwide show that marketers have adjusted their petrol prices upward in response to the changing global market conditions.
According to the latest data: AIPEC now sells petrol at N1,247 per litre RainOil Lagos sells at N1,248 per litre Integrated depot price stands at N1,247 per litre Liquid Bulk has also fixed its price at N1,248 per litre Industry experts say the latest adjustments are largely precautionary as marketers attempt to shield themselves from potential losses should crude oil prices continue to rise.
Business
JUST IN: Marketers Crash Petrol Prices Nationwide, New Pump Prices Emerge
The cost of importing petrol into Nigeria has dropped sharply following the recent decline in global crude oil prices, creating fresh competition for local refiners, including the $20 billion Dangote Refinery.
New data released by the Major Energy Marketers Association of Nigeria (MEMAN) shows that the landing cost of imported Premium Motor Spirit (PMS), also known as petrol, has fallen to N1,117 per litre.
The figure is now significantly lower than Dangote Refinery’s gantry price of N1,250 per litre, leaving a difference of N133 per litre.
The development comes days after the mega refinery reduced its ex-depot petrol price from N1,275 to N1,250 per litre in response to changing market conditions.
The latest MEMAN pricing template suggests that fuel importers may now enjoy a competitive edge over domestic refiners as international crude prices continue to soften. Aside from petrol, the landing costs of other petroleum products also recorded notable declines.
According to the data, diesel landing cost dropped to N1,470 per litre, compared to Dangote Refinery’s price of N1,700 per litre. Aviation Turbine Kerosene (ATK), commonly known as aviation fuel, also fell to N1,426 per litre, while Dangote’s price remains N1,650 per litre.
MEMAN estimated the exchange rate for fuel imports at N1,366.85 per dollar, reflecting the prevailing official foreign exchange rate at the time of the calculation.
Business
No More N1,330, Petrol Prices Crash Nationwide; New Rates Emerge
Some filling stations along the Lagos-Ibadan Expressway and in other locations across Lagos and Ogun states have reduced petrol prices below N1,300 per litre.
This follows a price cut announced by the Dangote Petroleum Refinery on Sunday.
The refinery adjusted its ex-depot gantry price of petrol down to N1,250 per litre from N1,275 per litre, while also slashing the price of diesel to N1,700 per litre from N1,800 per litre.
According to Dangote officials, the price review reflects a recent decline in global oil prices and reinforces the company’s commitment to making refined products more affordable while providing cost relief to Nigerian consumers and businesses.
Following the announcement, observations across the Mowe/Ibafo axis of the Lagos-Ibadan Expressway in Ogun State showed that several independent marketers immediately adjusted their pumps. For instance, MRS filling stations reduced their petrol pump price to N1,286 per litre, NIPCO and Heyden retailed the product at N1,290 per litre, and SGR adjusted its price to N1,297 per litre.
Reductions were also recorded in the diesel market, with many filling stations dropping their prices to N1,800 per litre from the previous N1,900 per litre.
Despite these downward adjustments, many retail outlets still sell petrol above the N1,300 mark. Outlets operated by the Nigerian National Petroleum Company Limited (NNPC) in Ibafo adjusted their pumps to N1,305 per litre, while Mobil and Asharami sold the product at N1,310 and N1,320 per litre, respectively.
The overall price drop comes after a prolonged period of high fuel costs in Nigeria, which saw petrol skyrocket from N830 per litre to over N1,300 after global crude oil climbed past $115 per barrel due to tensions between the United States and Iran.
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