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Breaking News | Nigerians To Pay More For Imported Vehicles From June 1


• Dealers lament rising cost, low patronage for used vehicles
• This is a ploy to discourage vehicles importation, stakeholders allege Beginning from June 1, 2021, Nigerians with a low budget would be unable to purchase cars while those with a high budget will pay double, as terminal operators have announced a 50 per cent increase in terminal handling charges.
Two Roll On Roll Off (RORO) terminals at the Tin Can Island Port, Ports and Terminal Multipurpose Limited (PTML) as well as Five Star Logistics Terminal had two weeks ago announced an increase in their terminal handling charges by 50 per cent.
According to the circular released by both terminal operators, the increment is expected to take effect from Tuesday next week. However, the terminals have blamed the increment on inflation and huge operational cost due to the nature of Nigerian ports, among others. ....

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Budapest Airport Signs Sister Airport Agreement with China's Pudong


Budapest Airport, which operates Liszt Ferenc International, signed a sister airport agreement with Shanghai Pudong International Airport during a Chinese-Hungarian logistics and e-commerce forum on Wednesday.
“The aim behind the signing of the sister airport agreement is to launch, in the framework of even closer cooperation, new passenger and cargo flights between the two airports, as soon as the regulatory framework allows, which could greatly facilitate touristic, economic and commercial relations between the continents,” Budapest Airport said.
Passenger numbers at Shanghai Pudong International Airport reached about 76 million in 2019, while cargo volume came to 3.6 million tonnes.
Eastern Air Logistics, a subsidiary of China Eastern Airlines also announced at the forum that it will operate a direct cargo flight between Ningbo and Budapest from the end of May. ....

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Extortionists take over e-call up system as NPA crisis lingers


Nigerian Ports AuthorityStakeholders in the maritime industry have lamented that some individuals are taking advantage of the crisis rocking the Nigerian Ports Authority (NPA) to further destroy the e-call up the system and worsen the state of the ports.
The stakeholders, who spoke to The Guardian, said extortionists at the port corridors have stepped up their game to exploit the truckers while the NPA management is facing a crisis.
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The Deputy National President, Air Logistics, National Association of Government Approved Freight Forwarders (NAGAFF), Dr. Segun Musa, said the involvement of security operatives has always been an issue to the e-call up system. ....

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