The Maritime Workers' Union of Nigeria (MWUN) has relented on its threat to go on an indefinite strike that could have closed the country's main seaports.
A study jointly conducted by the Financial Derivatives Company and the Lagos Chamber of Commerce and Industry titled Nigeria: Reforming the Maritime Ports has revealed that Nigeria is losing N1tn (US$3bn) per year in revenue due to inefficiency at the nation’s ports.
Nigeria is gearing up for major expansion of its port capacity to cater for future growth, explains Richard Rowe
Freight forwarders in Nigeria are threatening to close down ports in protests over alleged illegal charges that they say are being levied by terminal operators and shipping companies.
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