WAF Shipping Focus: Week 14
- Agwe Logistics Solutions
- Apr 4
- 4 min read
The Nigeria Customs Service, NCS, has sought for a stronger collaboration with the maritime department of the Nigerian Police Force, in order to bolster security and enhance operational efficiency in the maritime sector. The Customs Area Controller of the Kirikiri Lighter Terminal Command, Comptroller Joy Edelduok, made the call during a courtesy visit to the Assistant Inspector-General of Police Maritime, Garba Yusuf, in Lagos. According to a statement released by the
Command’s Public Relations Officer, Chief Superintendent of Customs, Victor Ogabor, the visit underscored the need for intelligence sharing and joint efforts in tackling smuggling and other illicit activities threatening the nation’s economy and security. “Discussions focused on enhancing security, safety, and operational efficiency in the maritime sector.”
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The Nigerian Content Development and Monitoring Board, NCDMB, has given ten local shipping firms access to its $360 million intervention fund domiciled at the Bank of Industry, BoI. Speaking at Maritime Roundtable Breakfast Meeting in Lagos, General Manager, Research, Statistics and Development, NCDMB, Mr. Silas Ajimijaye said that about 10 local shipping firms has had access to the fund. Ajimijaye also said that since the fund is being managed by BoI, the default rate has been very low as more beneficiaries access the loan and pay back on time.
He said: “What I know is that not less than 10 Nigerian shipping companies have accessed that facility. A good example is Starz Marine Investment and they said they are very happy with what NCDMB has done to help them as a company.
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French shipping giant CMA CGM has announced the implementation of a Peak Season Surcharge (PSS) and an Emergency Operational Recovery Surcharge, both set to take effect on April 1, 2025, and remaining valid until further notice. To accommodate increased demand, CMA CGM said it will apply a Peak Season Surcharge of US$700 per reefer container for shipments from Mauritania to West Africa. Citing recent operational constraints in Europe and West Africa, the company has introduced an Emergency Operational Recovery surcharge aimed at ensuring service continuity. Effective April 1, 2025, a US$100 per container surcharge will apply to all cargo shipped from North Europe, the West Mediterranean, the East Mediterranean, the Black Sea, and North Africa, including
Morocco, to West Africa.
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The Nigerian Shippers’ Council (NSC) has addressed recent allegations made by the Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) concerning an increase in charges at Onne Port by the West Africa Container Terminal (WACT). The Council has rejected these claims, describing them as misleading, and clarified that APFFLON’s exclusion from relevant discussions was due to noncompliance with regulatory requirements. In an official
statement, the NSC emphasized that the tariff adjustments implemented by WACT in 2021 and 2023 underwent comprehensive reviews and were approved after thorough assessments. These adjustments were aligned with industry
standards and the prevailing economic conditions.
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In its continuous effort to shape discourse on policies impacting the maritime industry, the Maritime Reporters’ Association of Nigeria (MARAN) is set to shine a spotlight on the Nigeria-China Currency Swap agreement. The event, themed “Navigating the Nigeria-Peoples Republic Of China Currency Swap: Opportunities and Challenges for Import, Export, and Maritime Business”, will take place at the Rockview Hotel in Lagos on April 15, 2025. The currency swap deal, aimed at providing naira liquidity to Chinese businesses and yuan liquidity to Nigerian
businesses, seeks to reduce reliance on the dollar for bilateral trade. By facilitating the direct exchange of the Chinese yuan and Nigerian naira, the agreement is poised to revolutionise trade dynamics between the two nations.
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The International Monetary Fund (IMF) has expressed support for the Single Window Trade Project, an initiative to boost trade, increase revenue, and propel
Nigeria’s economy. The IMF’s position was announced yesterday during a meeting between the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, and a delegation from the IMF Fiscal Affairs Department, led by Marco Antonio, Technical Assistance Advisor for Revenue Administration, in Abuja. The Director of Information and Public Relations of the ministry, Mr.Mohammed Manga, in a statement indicated that Antonio praised the project, among other reforms.
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