Spear News
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Sokoto Buys 250 Tractors, Distributes 157,800 Bags of Fertilisers to Farmers

    Sokoto Buys 250 Tractors, Distributes 157,800 Bags of Fertilisers to Farmers

    TCN Begins Seven-hour Maintenance at Katampe Transmission Substation

    Retirees Rejoice as FG Clears N40bn Outstanding Pensions

    Retirees Rejoice as FG Clears N40bn Outstanding Pensions

    NiMet Forecasts Three-day Sunshine, Cloudiness Nationwide From Saturday

    NiMet Forecasts Three-day Sunshine, Cloudiness Nationwide From Saturday

    Stock Market Rebounds With N3.16 Trillion Gain

    Stock Market Rebounds With N3.16 Trillion Gain

    INEC Gets N500bn as 2027 Election Funding Hits Halfway Mark

    INEC Gets N500bn as 2027 Election Funding Hits Halfway Mark

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    Superintelligence AI Now Within Reach, Says Meta CEO Zuckerberg

    Superintelligence AI Now Within Reach, Says Meta CEO Zuckerberg

    3 Common Mistakes Beginners Make When Choosing a Tech Skill, How You Can Avoid Them

    3 Common Mistakes Beginners Make When Choosing a Tech Skill, How You Can Avoid Them

    How AI Can Transform Nigeria’s Economy – Don

    How AI Can Transform Nigeria’s Economy – Don

    Brain Implant Turns Thoughts into Speech in Near Real-time

    Brain Implant Turns Thoughts into Speech in Near Real-time

    AI Startup Perplexity Confirms Interest to Buy TikTok

    AI Startup Perplexity Confirms Interest to Buy TikTok

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Burna Boy Makes History as Africa’s Most-Streamed Artist on Spotify

    Burna Boy Makes History as Africa’s Most-Streamed Artist on Spotify

    Burna Boy Surpasses Tems to Claim Most Billboard Hot 100 Entries by an African

    Burna Boy Surpasses Tems to Claim Most Billboard Hot 100 Entries by an African

    Unstoppable Messi Hits Brace as Argentina Cruise Past Austria 

    Unstoppable Messi Hits Brace as Argentina Cruise Past Austria 

    Angela Okorie Reveals She Burned Outfit Worn to Alex Ekubo’s Burial

    Angela Okorie Reveals She Burned Outfit Worn to Alex Ekubo’s Burial

    Asake Celebrates ‘M$NEY’ with Intimate One-Night-Only Show in London

    Asake Celebrates ‘M$NEY’ with Intimate One-Night-Only Show in London

    Spain Cruise Past Saudi Arabia 4-0 as Yamal and Oyarzabal Fire in Group H

    Spain Cruise Past Saudi Arabia 4-0 as Yamal and Oyarzabal Fire in Group H

  • Lifestyle
    • All
    • Food
    • Health
    • Travel
    Omojuwa and Wife Welcome First Child

    Omojuwa and Wife Welcome First Child

    BREAKING: Oba Abimbola Owoade Crowned as 46th Alaafin of Oyo

    BREAKING: Oba Abimbola Owoade Crowned as 46th Alaafin of Oyo

    Raimi Crowned Miss World Nigeria 2025

    Raimi Crowned Miss World Nigeria 2025

    Delta Man Counsels Married Men As He Blames ‘Adulterous Wives’ For Deaths Of Young Men In His Community

    Delta Man Counsels Married Men As He Blames ‘Adulterous Wives’ For Deaths Of Young Men In His Community

    Why I Date Younger Men – Amber Rose

    Why I Date Younger Men – Amber Rose

    Scientists Trace Origin of Water

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Contact Us
  • About Us
  • Privacy Policy
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Sokoto Buys 250 Tractors, Distributes 157,800 Bags of Fertilisers to Farmers

    Sokoto Buys 250 Tractors, Distributes 157,800 Bags of Fertilisers to Farmers

    TCN Begins Seven-hour Maintenance at Katampe Transmission Substation

    Retirees Rejoice as FG Clears N40bn Outstanding Pensions

    Retirees Rejoice as FG Clears N40bn Outstanding Pensions

    NiMet Forecasts Three-day Sunshine, Cloudiness Nationwide From Saturday

    NiMet Forecasts Three-day Sunshine, Cloudiness Nationwide From Saturday

    Stock Market Rebounds With N3.16 Trillion Gain

    Stock Market Rebounds With N3.16 Trillion Gain

    INEC Gets N500bn as 2027 Election Funding Hits Halfway Mark

    INEC Gets N500bn as 2027 Election Funding Hits Halfway Mark

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    Superintelligence AI Now Within Reach, Says Meta CEO Zuckerberg

    Superintelligence AI Now Within Reach, Says Meta CEO Zuckerberg

    3 Common Mistakes Beginners Make When Choosing a Tech Skill, How You Can Avoid Them

    3 Common Mistakes Beginners Make When Choosing a Tech Skill, How You Can Avoid Them

    How AI Can Transform Nigeria’s Economy – Don

    How AI Can Transform Nigeria’s Economy – Don

    Brain Implant Turns Thoughts into Speech in Near Real-time

    Brain Implant Turns Thoughts into Speech in Near Real-time

    AI Startup Perplexity Confirms Interest to Buy TikTok

    AI Startup Perplexity Confirms Interest to Buy TikTok

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    Microsoft Announces the End of an Era: Skype to Be Discontinued After 21 Years

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Burna Boy Makes History as Africa’s Most-Streamed Artist on Spotify

    Burna Boy Makes History as Africa’s Most-Streamed Artist on Spotify

    Burna Boy Surpasses Tems to Claim Most Billboard Hot 100 Entries by an African

    Burna Boy Surpasses Tems to Claim Most Billboard Hot 100 Entries by an African

    Unstoppable Messi Hits Brace as Argentina Cruise Past Austria 

    Unstoppable Messi Hits Brace as Argentina Cruise Past Austria 

    Angela Okorie Reveals She Burned Outfit Worn to Alex Ekubo’s Burial

    Angela Okorie Reveals She Burned Outfit Worn to Alex Ekubo’s Burial

    Asake Celebrates ‘M$NEY’ with Intimate One-Night-Only Show in London

    Asake Celebrates ‘M$NEY’ with Intimate One-Night-Only Show in London

    Spain Cruise Past Saudi Arabia 4-0 as Yamal and Oyarzabal Fire in Group H

    Spain Cruise Past Saudi Arabia 4-0 as Yamal and Oyarzabal Fire in Group H

  • Lifestyle
    • All
    • Food
    • Health
    • Travel
    Omojuwa and Wife Welcome First Child

    Omojuwa and Wife Welcome First Child

    BREAKING: Oba Abimbola Owoade Crowned as 46th Alaafin of Oyo

    BREAKING: Oba Abimbola Owoade Crowned as 46th Alaafin of Oyo

    Raimi Crowned Miss World Nigeria 2025

    Raimi Crowned Miss World Nigeria 2025

    Delta Man Counsels Married Men As He Blames ‘Adulterous Wives’ For Deaths Of Young Men In His Community

    Delta Man Counsels Married Men As He Blames ‘Adulterous Wives’ For Deaths Of Young Men In His Community

    Why I Date Younger Men – Amber Rose

    Why I Date Younger Men – Amber Rose

    Scientists Trace Origin of Water

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Contact Us
  • About Us
  • Privacy Policy
No Result
View All Result
Spear News
No Result
View All Result
Try out Batiwifi today Try out Batiwifi today Try out Batiwifi today
ADVERTISEMENT
Home News

Centre Seeks Review of NPA Tariff Increase

spearnewsonline by spearnewsonline
March 7, 2026
in News
Centre Seeks Review of NPA Tariff Increase
Share on FacebookShare on Twitter

The Sea Empowerment and Research Centre (SEREC) has urged a review of the recent tariff increase by the Nigeria Ports Authority (NPA).

SEREC’s Head of Research, Eugene Nweke, made the call in a statement on Friday in Abuja.

The NPA announced that from March 1, U.S. dollar-denominated rates would be adjusted biennially.

The adjustment will follow the Consumer Price Index for All Urban Consumers for the U.S. city average, covering all items.

Related ArticlesPosts

38 Vessels to Arrive Lagos Ports With Petroleum Products, Food, Others – NPA

23 Ships Discharging Petroleum Products, Others at Lagos Ports, Says NPA

The index uses 1982 as the base year for measuring price changes, calculated from the average of the previous two years.

The NPA also said naira-denominated rates would be adjusted every three years in line with Nigeria’s Consumer Price Index.

The Federal Government approved a 15 per cent increase in port tariffs in February to improve infrastructure and expand port capacity.

Mr Nweke said the tariff review had triggered rising costs among terminal operators and shipping lines, worsening Nigeria’s already high port charges.

He called for urgent stakeholder consultations, warning against assigning revenue targets to regulatory agencies.

According to him, such targets can undermine their statutory responsibilities.

He stated, “All port-related charges should undergo harmonisation and rationalisation to reduce systemic inefficiencies and excessive cost burdens on port users.

“SEREC has observed with concern a systemic shift in Nigeria’s maritime governance environment where regulatory and technical agencies are driven by revenue benchmarks.”

He said the trend had extended beyond maritime institutions to agencies responsible for standards, product control, freight regulation and environmental enforcement within port corridors.

“Particularly noteworthy is the recent tariff adjustment by the NPA which has triggered consequential increases by terminal operators and shipping lines,” he said.

Mr Nweke said the development had escalated overall port costs and added pressure on maritime trade.

He also raised concerns about the Nigeria Customs Service’s aggressive revenue targets.

According to him, the targets often result in valuation disputes, reclassification controversies, post-clearance demand notices and operational delays.

“Trade facilitation tools and automation initiatives such as the one-stop shop and Time Release Study should reduce cargo dwell time within customs zones,” he noted.

He added that the customs service could perform better if given cargo throughout targets rather than strict revenue benchmarks.

Mr Aneke said, “If unchecked, this revenue-first orientation will increase business costs, worsen inflation and encourage cargo diversion.

“It will also weaken institutions, encourage extortionary practices and undermine investor confidence in Nigeria’s maritime sector.

“SEREC calls for immediate policy recalibration. Nigeria must choose between short-term revenue optics and long-term maritime competitiveness.

“Revenue matters, but institutional integrity, safety and economic sustainability matter more,” he said.

Mr Nweke also stressed the need for an effective National Single Window platform.

He said the platform must streamline overlapping responsibilities of agencies under a genuine one-stop-shop framework.

According to him, key performance indicators should prioritise operational efficiency and regulatory compliance rather than the size of remittances. (NAN)

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X
Tags: NPATariff Increase
ShareTweetShareShare
Previous Post

CBN Says 30 Banks Have Met New Capital Requirements Ahead of March 31 Deadline

Next Post

Accord Upgrades Portal For Nationwide E-registration of Members

Related Posts

Sokoto Buys 250 Tractors, Distributes 157,800 Bags of Fertilisers to Farmers
News

Sokoto Buys 250 Tractors, Distributes 157,800 Bags of Fertilisers to Farmers

News

TCN Begins Seven-hour Maintenance at Katampe Transmission Substation

Retirees Rejoice as FG Clears N40bn Outstanding Pensions
News

Retirees Rejoice as FG Clears N40bn Outstanding Pensions

Next Post
Accord Upgrades Portal For Nationwide E-registration of Members

Accord Upgrades Portal For Nationwide E-registration of Members

Discussion about this post

  • Trending
  • Comments
  • Latest
Appeal Court Reserves Judgement in Akpabio, Natasha’s Appeals

Appeal Court Reserves Judgement in Akpabio, Natasha’s Appeals

Nigeria Has Paid Its 2025 UN Membership Dues in Full – Guterres

Nigeria Has Paid Its 2025 UN Membership Dues in Full – Guterres

Seriki Fulani Arrested as Police Recover Ransom Bag in His Kitchen, Son Escapes Through Bush

Seriki Fulani Arrested as Police Recover Ransom Bag in His Kitchen, Son Escapes Through Bush

BREAKING: Fayose Drops Evidence of N50bn Federal Grant to Makinde; Accuses Oyo Governor of Fund Diversion

BREAKING: Fayose Drops Evidence of N50bn Federal Grant to Makinde; Accuses Oyo Governor of Fund Diversion

El-rufai Holding On for a Better Deal?

El-rufai Holding On for a Better Deal?

Senator Natasha Slams Akpabio with N100b Defamation Suit

Senator Natasha Slams Akpabio with N100b Defamation Suit

Kaduna State Hosts Launch of Free to Shine Campaign to Combat HIV/AIDS, Syphilis, Hepatitis

A New Chapter in Nigeria-UAE Aviation Relations: Keyamo’s Masterstroke at ICAO Symposium

A New Chapter in Nigeria-UAE Aviation Relations: Keyamo’s Masterstroke at ICAO Symposium

Sokoto Buys 250 Tractors, Distributes 157,800 Bags of Fertilisers to Farmers

Sokoto Buys 250 Tractors, Distributes 157,800 Bags of Fertilisers to Farmers

TCN Begins Seven-hour Maintenance at Katampe Transmission Substation

Retirees Rejoice as FG Clears N40bn Outstanding Pensions

Retirees Rejoice as FG Clears N40bn Outstanding Pensions

NiMet Forecasts Three-day Sunshine, Cloudiness Nationwide From Saturday

NiMet Forecasts Three-day Sunshine, Cloudiness Nationwide From Saturday

Recent News

Sokoto Buys 250 Tractors, Distributes 157,800 Bags of Fertilisers to Farmers

Sokoto Buys 250 Tractors, Distributes 157,800 Bags of Fertilisers to Farmers

TCN Begins Seven-hour Maintenance at Katampe Transmission Substation

Retirees Rejoice as FG Clears N40bn Outstanding Pensions

Retirees Rejoice as FG Clears N40bn Outstanding Pensions

NiMet Forecasts Three-day Sunshine, Cloudiness Nationwide From Saturday

NiMet Forecasts Three-day Sunshine, Cloudiness Nationwide From Saturday

Spear News

The Spear News – Piercing the Truth
Delivering accurate, in-depth, and unbiased news, The Spear News is committed to uncovering the truth and keeping you informed. Stay ahead with credible journalism that cuts through the noise.

Follow Us

Browse by Category

Recent News

Sokoto Buys 250 Tractors, Distributes 157,800 Bags of Fertilisers to Farmers

Sokoto Buys 250 Tractors, Distributes 157,800 Bags of Fertilisers to Farmers

TCN Begins Seven-hour Maintenance at Katampe Transmission Substation

Retirees Rejoice as FG Clears N40bn Outstanding Pensions

Retirees Rejoice as FG Clears N40bn Outstanding Pensions

NiMet Forecasts Three-day Sunshine, Cloudiness Nationwide From Saturday

NiMet Forecasts Three-day Sunshine, Cloudiness Nationwide From Saturday

© 2025 The Spear News Nigeria

No Result
View All Result
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Contact Us
  • About Us
  • Privacy Policy

© 2025 The Spear News Nigeria