Seaport traffic declines by 20.6% on forex illiquidity

19 February 2017, Lagos – Following the inability of importers and exporters to get the needed foreign exchange (forex) to transact their businesses, coupled with insecurity in Nigeria’s coastal waters, activities at the nation’s seaports have dropped significantly. According to the ship traffic statistics drawn from the Nigerian Ports Authority (NPA), 4,025 vessels berthed at the […] More »