RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Markets

APM Terminals Celebrates 17th Anniversary of Port Concession Agreement.

Rate Captain by Rate Captain
May 18, 2023
in Markets, Wealth
Reading Time: 2 mins read
A A
0
APM Terminals Celebrates 17th Anniversary of Port Concession Agreement.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

APM Terminals Nigeria, a leading port operator, marked the 17th anniversary of its port concession agreement with the Federal Government in 2006. The company commemorated the milestone by honoring its founders and 76 pioneer employees who played instrumental roles in the development of the terminal.

Mr. Frederik Klinke, the Country Managing Director of APM Terminals Nigeria, expressed gratitude to the Federal Government for granting the port concession and acknowledged the contributions of the company’s shareholders, staff, and partners in the modernization of the terminal. Klinke emphasized that the concession had enabled APM Terminals to invest over $440 million in critical port infrastructure, benefiting the Nigerian economy.

AlsoRead

Dangote Refinery Halts Petrol Sales to Importing Marketers

Otedola’s Fortune Reaches $2 Billion as FirstHoldCo Crosses N7 Trillion Market Cap

Cash Outside Banks Rises to N4.87 Trillion in August After Three-Month Decline

He further recognized the dedicated men and women working at APM Terminals Apapa, whose daily efforts ensure the smooth flow of cargo to and from importers, exporters, consumers, and producers in the country. Klinke highlighted the significant role played by the employees in facilitating growing trade and the considerable foreign direct investment of over $440 million in the terminal. He also emphasized the company’s commitment to training and developing young Nigerians for senior roles within the company and the industry as a whole.

Mr. Steen Knudsen, the Terminal Manager of APM Terminals Apapa, highlighted the substantial investments made by the company in facility upgrades, training, equipment, and technology, which have enhanced service delivery at the port. Knudsen described the transformation of APM Terminals Apapa as a success story characterized by improved efficiency, innovation, and value-added services. The investments made by APM Terminals Apapa have resulted in enhanced terminal infrastructure, including the acquisition of high-grade terminal equipment such as Mobile Harbour Cranes and Rubber-Tyred Gantry Cranes. Additionally, the terminal now boasts a world-class administrative building equipped with advanced information technology capabilities.

In a goodwill message delivered by Seyi Iyawe, NPA’s General Manager of Monitoring and Regulatory Services, Mr. Mohammed Bello-Koko, the Managing Director of the Nigerian Ports Authority (NPA), commended APM Terminals for fulfilling its concession agreement with the Federal Government and delivering efficient services at the port. Bello-Koko acknowledged the significant role played by APM Terminals in upgrading the port facility and complying with the rules and regulations governing the port operations. He lauded the uniqueness and expertise demonstrated by APM Terminals, affirming its position as a force to be reckoned with in the port business.

The celebration of APM Terminals’ 17th anniversary of the port concession agreement highlights the company’s commitment to driving the growth and development of the Nigerian port sector. Through continuous investments in infrastructure, training, and technology, APM Terminals is playing a vital role in facilitating trade and contributing to the overall economic progress of Nigeria.

Previous Post

Ripple Expands Crypto Offerings with $250 Million Acquisition of Metaco.

Next Post

IMF Approves $3 Billion Bailout for Ghana, Boosting Investor Confidence.

Related News

Debunking the Fuel Scarcity Myth and Its Impact on Financial Wellness

Dangote Refinery Halts Petrol Sales to Importing Marketers

by Rate Captain
October 6, 2026
0

The Dangote Petroleum Refinery has stopped supplying Premium Motor Spirit to major marketers that import petroleum products into Nigeria, according...

Otedola acquires 5.52% of Transcorp Plc.

Otedola’s Fortune Reaches $2 Billion as FirstHoldCo Crosses N7 Trillion Market Cap

by Victoria Attah
September 21, 2026
0

Femi Otedola’s wealth has risen to $2 billion, according to Forbes, placing him within $100 million of Tanzania’s Mohammed Dewji...

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

Cash Outside Banks Rises to N4.87 Trillion in August After Three-Month Decline

by Jide Omodele
September 21, 2026
0

Cash held outside Nigeria’s banking system increased to N4.87 trillion in August 2026, reversing three consecutive months of decline, according...

NEC Affirms CBN $3 Billion Loan for Naira Stability

Foreign Reserves Climb $12.76 Billion in a Year, Gain $708 Million in September

by Victoria Attah
September 17, 2026
0

Nigeria’s gross foreign exchange reserves rose by $12.76 billion year-on-year to $54.61 billion as of 14 September 2026, reinforcing the...

Next Post
IMF Approves $3 Billion Bailout for Ghana, Boosting Investor Confidence.

IMF Approves $3 Billion Bailout for Ghana, Boosting Investor Confidence.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

NNPCL Reports Record Profit of N2.548tn, Uncovers 52 Illegal Refineries

NNPC Advances IPO Preparations, Addresses Governance and Reporting Shortfalls

October 15, 2026
IMF Applauds Tinubu Policy Reforms While Lowering Growth Projections

IMF Urges Nigeria to Avoid Blanket Petrol Subsidy Return

October 15, 2026

Popular Story

  • JP Morgan Predicts Naira at N850/$ by Year-End

    JP Morgan and Absa Eye Nigerian Merchant Banking Licences as Reserves Reach $55 Billion

    0 shares
    Share 0 Tweet 0
  • Naira Weakens to N1,332.10 at Official Window as Parallel Market Holds Steady

    0 shares
    Share 0 Tweet 0
  • Farming Can Improve Mental Health

    0 shares
    Share 0 Tweet 0
  • World Bank: Naira Shows Greater Resilience Than Many African Currencies

    0 shares
    Share 0 Tweet 0
  • CBN estimates that over 2 trillion naira in cash will be returned to banks. 

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>