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 Economy

Calabar Port on course for economic prosperity- Port Manager

Rate Captain by Rate Captain
April 3, 2023
in Economy
Reading Time: 4 mins read
A A
0
Calabar Port on course for economic prosperity- Port Manager
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Mr Festus Olumati, Port Manager, Nigerian Port Authority (NPA), Calabar Port, has said that the volume of vessels berthing at the Calabar Port has led to massive economic prosperity.

Olumati said this on Sunday in Calabar while on an oversight duty at the Port terminal where over four vessels were discharging their various cargos and petroleum product.

AlsoRead

Petrol Hits ₦1,370 in Lagos as Depot Price Hikes Feed Through to Pumps

Dangote Refinery Shares Could Start Trading on December 8 After ₦2.15 Trillion IPO

NGX All-Share Index Edges Up 0.19% to 254,762.81 Points

The Port Manager said that one of the vessels, “MV Desert Unity”, berthed at the Port with 16,000 metric tons of wheat, while “MV Medi Bangkok” berthed with 18,251 metric tons of general cargo including cars, trucks and project pipes.

According to him, the other two vessels berthed at the Port with premium motor spirit, while others were still at the Calabar Fairway Bouy and ready to berth for discharge.

“Today is Sunday, but there is tremendous activities going on in the port. As you can see, Calabar Port is very viable and working at optimal capacity.

“In line with the mandate given to us by our able Managing Director, Mr Mohammed Bello-Koko, that the Eastern Port must work, I had to swing into action to make it a reality.

“Also, in line with the mandate of the MD, I went out of the box to hunt for cargos to come into Calabar. The high traffic we see here today at the port is as a result of the mandate given to us by our MD.

“For the past 10 years, we have never had it like this where over five vessels will be berthing and discharging back-to-back at the Calabar Port.

“Special thanks to the MD of NPA for giving us all the requirements to work and achieve result. All our submissions to him for the Eastern Port to work have been approved.

“For these vessels to come here, we had to ask for concessional rate from the MD of NPA for those who bring in cargos and he gave the approval,” he said.

He said that the Port management was utilising the concessional rate strategy to woo vessels to the Calabar Port.

He told members of the public and maritime operators that the Calabar Port was viable, visible and very reliable to use, adding that the Port has modern equipment to discharge cargos.

“As you can see, our workers are effective and efficient and everything is done perfectly. The commitment of staff of NPA and the Eco Marine Terminal workers is quite commendable,” he said.

On security, he said that recently, a detachment of marine police were deployed to the Port to ensure maximum security for the Port in synergy with the NPA police command and Port security officers.

Previous Post

Nigeria’s Public Debt Hits N46.25trn In Q4 2022 – NBS

Next Post

Nigeria’s Oil Production Was OPEC’s Biggest Increase in March – Reuters

Related News

Petrol Hits ₦1,370 in Lagos as Depot Price Hikes Feed Through to Pumps

by Akpan Edidong
November 6, 2026
0

Petrol is selling for as much as ₦1,370 per litre in Lagos after a fresh round of depot price increases...

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Shares Could Start Trading on December 8 After ₦2.15 Trillion IPO

by Akpan Edidong
November 5, 2026
0

Shares in Dangote Petroleum Refinery and Petrochemicals may begin trading on the Nigerian Exchange from 8 December 2026, after the...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX All-Share Index Edges Up 0.19% to 254,762.81 Points

by Jide Omodele
November 5, 2026
0

The Nigerian Exchange closed higher on Wednesday, 4 November 2026, as the All-Share Index rose 0.19% to 254,762.81 points from...

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

NNPC Remits ₦11.14 Trillion to Federation Account as Nine-Month Revenue Falls 28%

by Akpan Edidong
November 5, 2026
0

The Nigerian National Petroleum Company Limited paid ₦11.14 trillion into the Federation Account as statutory remittances between January and September...

Next Post
Nigeria’s Oil Production Was OPEC’s Biggest Increase in March – Reuters

Nigeria’s Oil Production Was OPEC’s Biggest Increase in March - Reuters

Leave a Reply Cancel reply

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

Recommended

Petrol Hits ₦1,370 in Lagos as Depot Price Hikes Feed Through to Pumps

November 6, 2026
Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Shares Could Start Trading on December 8 After ₦2.15 Trillion IPO

November 5, 2026

Popular Story

  • Shocking: “Undress” An AI Tool That Unveils Digital Representations of Individuals Without Clothing

    Shocking: “Undress” An AI Tool That Unveils Digital Representations of Individuals Without Clothing

    0 shares
    Share 0 Tweet 0
  • Angola Surpasses Nigeria, Becomes Africa’s Largest Oil Producer in August

    0 shares
    Share 0 Tweet 0
  • World Bank Report Reveals Nigeria’s logistics performance drops massively.

    0 shares
    Share 0 Tweet 0
  • President Bola Tinubu Engages Oracle to Tackle Nigeria’s Bloated Civil Service Payroll

    0 shares
    Share 0 Tweet 0
  • Tinubu Seeks Senate Nod for $20.52 Billion and €1.05 Billion External Borrowing Plan

    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}
?>