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Vessels Above 232.33 Meters Now Visit Nigerian Ports-NPA

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Larger vessels of above 232.33 meters with capacity of 4,500 TEUS requiring draught of 13.5 meters have started visiting the Nation’s seaports, according to third quarter report 2013 channel management, cargo throughput, ship and gross tons report made available to Nigeria CommunicationsWeek by the Nigerian Ports Authority (NPA).

NPA said that the development has provided shipping companies with a high level of efficiency and economic space which has enhanced their turnover and turnaround time.

Generally, stakeholders and shipping companies have confirmed that the channel management and conservancy function of the Authority has continued to improve.

The Analysis showed that most of the ports recorded increase in the Gross Registered Tonnage mainly due to the constant capital and maintenance dredging of the channels at the nation’s ports by the Lagos Channel Management (LCM) and Bonny channel management companies.

Habib Abdullahi, managing director of NPA, said that: “The Volume dredged from 2006 to date by the LCM is 53,583,546m3 while a total of 24 numbers of critical wrecks have been removed.. This provides shipping companies the economy of space, which enhances their turnover.

“The Volume dredged by BCC from 2006 to date is 43,537,000m3 while 14 Wrecks has been removed.

“Bonny channel from its previous 12.50 meters draught has been deepened to its present 14.30 meters increased its width from 215 meters to 230 meters.

“The successful wreck removal campaign being undertaken by   the Authority also ensured safe navigation of vessels and protection of marine environment amongst other economic benefits”.

He added that Port reforms has resulted in healthy competition as there has been an  intensified effort by the terminal operators to procure cargo handling equipment and upgrade  of the various terminals while the Authority has continued   to provide common user facilities needed to improve port operations.

Ship And Gross Tons Index

Apart from crude oil terminals, 1,366 ocean going vessels with a total Gross Registered Tonnage (GRT) of 34,640,530 gross tons called at Nigerian Ports in the 3rd Quarter of this year (2013).

Lagos Port Complex (LPC) recorded a GRT of 9,263,180 gross tons showing an increase of 12.3 per cent over the 3rd quarter of 2012 figure 8,250,315 gross tons while 369 ocean going vessels were handled at the Port within the period.

 Rivers Port complex recorded a total GRT of 1,371,846 gross tons, reflecting a decrease of 11.2 per cent as against 1,526,002 achieved in the 3rd quarter of 2012, with 108Ocean going vessels at the end of the 3rd quarter.

The  Onne Port complex recorded a Gross registered tonnage of 9,709,984 gross tons, 15.7 per cent decline compared with 11,238,781 gross tons, leaving the port with 219 ocean going vessels in the period under review.

Calabar Port complex recorded a GRT of 751,553 gross tons showing a growth of 15 per cent over 653, 077 recorded in the corresponding period of 2012. It also handled 35 vessels within the period under review.

In a related development, the Delta Port Complex handled a GRT of 2,346,612 showing an increase of 184 per cent over the 2012 3rd quarter figure of 823,595 gross tons, with 94 vessels handled.

Cargo Throughput

Meanwhile, cargo throughput of 19,849,258 million metric tonnes of cargo was handled showing an increase 2.6% over the 2012 3rd quarter figure of 19,340,901 Million metric tonnes   excluding crude oil terminals.

Available statistics shows that the containerized   cargo throughput handled amounted to 3,559,453 million metric tonnes, “showing an increase of 12.3per cent over the 2012 3rd quarter figure of 3,168,412million metric tonnes”.

The total Liquefied Natural Gas (LNG) shipment handled in the period under review amounted to 4,859,453 million MT showing a decrease of 20per cent from the 2012 3rd quarter figure of 5,828,281MT.

“The Refined Petroleum shipment handled was 4,804,184MT showing a growth of 24 per cent over the 3rd quarter of 2012 figure of 3,869,923MT.

“A total of 76,598 units of Vehicles were handled in the period under review showing an increase of 13 per cent over the same period of 2012 figure of 67,804 units

“Dry Bulk cargo handled at the Ports in the 3rd quarter of 2013 amounted to 2,585,902 MT”.

General Cargo handled at the ports in the 3rd quarter of 2013 amounted to 2,977,347MT indicating a decline of 16 per cent from the 2012 3rd quarter figure of 3,466,311MT.

Thus, reports from the quarterly update of information of developments at the different terminals “indicate appreciable facility upgrades and acquisition of State of the Art container handling equipment by the terminal operators which ensured quick container handling operations and reduced cargo dwell time.

NPA added that its recent research revealed that generally each port is being shaped by the market forces dictated by the commodity demand and by the particular port user.

“Import in Onne for general cargo has since reduced by 30 per cent in total throughput but has been largely compensated for an increase of 60 per cent of gas.

“Lagos port complex is the only port that has maintained its traditional cargo morphology but with bias for containerization as palletized cargo is gradually giving way to this new global trend.

“Between 2003- till date Nigerian Ports Authority ports have experienced about 115 per cent growth. A close examination on this progress show that we do not handle transhipment and transit cargo, all cargoes are captive and Nigeria destined.

“It therefore shows that petroleum product liberalization, growth in Gross domestic product (GDP) and the transformation agenda resulting in increase in construction works have had an unprecedented economic impact on the port industry.

“Also the consistent effort by the Nigerian Ports Authority in fulfilling its obligation on one part and the terminal operators on another and with the provision of enabling environment by the Federal Government of Nigeria under Dr Goodluck Jonathan will further encourage investors’ confidence in the Port sector”.

It is pertinent to note that the improvements have continued to be sustained as reflected on the parameters when compared to same period in 2012.

 


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NICA Confers Professional Fellowship on Uche Uzoebo

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L-r: Mrs. Uche Uzoebo, Managing Director of Shared Agent Network Expansion Facilities (SANEF); Dr. (Mrs) Markie Idowu, president, and Prof. Chris Onalo, Registrar/CEO both of National Institute of Credit Administration (NICA) at the conferment of professional Fellowship of the institute on Mrs. Uche Uzoebo held in Lagos recently.
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The National Institute of Credit Administration (NICA) has conferred its Professional Fellowship on Mrs. Uche Uzoebo, Managing Director of Shared Agent Network Expansion Facilities (SANEF).

The recognition was announced in Lagos during the investiture of Dr. (Mrs.) Markie Idowu as the Institute’s new President.

In his welcome address, Prof. Chris Onalo, Registrar/CEO of NICA, noted that the National Institute of Credit Administration distinguishes itself from other professional bodies through its unwavering commitment to advancing credit management, promoting professionalism, and empowering Nigerians with credit literacy.

“Unlike many other institutes, NICA recognizes that credit management is a lifeline of commerce, influencing every aspect of business, social, and economic life. Through this commitment, the Institute continues to shape Nigeria’s economic future towards sustainable growth,” he stated.

The Fellowship represents the Institute’s highest professional distinction and is conferred on individuals whose leadership has significantly strengthened Nigeria’s credit environment, institutional governance frameworks, and the integrity of the financial system.

This recognition also comes at a significant moment globally as the world commemorates International Women’s Day, underscoring the growing recognition of women’s leadership and contributions across industries, particularly in finance, governance, and economic development.

The ceremony brought together senior financial sector executives, policymakers, regulators, and distinguished guests to celebrate excellence in credit administration and professional practice.

The Institute described Mrs. Uche Uzoebo as a seasoned business executive and financial services leader with over two decades of professional experience spanning banking, digital payments, and financial services.

A proven change agent, she brings deep expertise across digital payments, financial inclusion, agency banking, product and business development, merchant acquiring, as well as corporate, commercial, and retail banking.

Her leadership has been instrumental in advancing secure and inclusive digital financial services, strengthening payment systems, and expanding last-mile access to financial services across underserved communities in Nigeria.

Through SANEF and related initiatives, she has supported economic empowerment and financial inclusion by expanding agent networks, promoting financial literacy, and championing innovative technology-enabled solutions.

Passionate about gender inclusion and women’s economic empowerment, Uzoebo is also a gender specialist and advocate with a strong focus on supporting women entrepreneurs and breaking structural economic barriers.

As a certified trainer, she designs and delivers high-impact capacity-building programmes for individuals, youth, women, and organizations, enabling sustainable growth and improved performance.


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Zedvance Hits ₦96bn Lending Milestone, Eyes ₦250bn Target in 2026

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Zedvance Finance Limited, a leading provider of consumer and business financing solutions in Nigeria, has disbursed over ₦96 billion in funding to support commercial businesses across the country, establishing its strong positioning beyond retail lending and reinforcing its commitment to bridging the gap between enterprise growth and access to timely financing solutions.

Zedvance Hits ₦96bn Lending Milestone, Eyes ₦250bn Target in 2026

Zedvance

Leveraging its 11-year legacy, Zedvance’s Commercial Solutions business, launched in 2025, has in just one year become a major driver of credit expansion, achieving one of the highest loan disbursement rates among financial institutions, empowering thousands of local enterprises and boosting economic growth.

The business has consistently supported enterprises across key sectors of the economy, including oil & gas, automotive, logistics, renewable energy, fintech, e-commerce, trade distribution value chains, agri-businesses and others.

Through offerings such as working capital, invoice/PO financing, equipment and trade finance, and ecosystem-based solutions, Zedvance enables access to liquidity for buy-now-pay-later providers, asset acquisition, and cross-border credit lines for imports & exports, aiding business expansion and strengthening operational resilience in a dynamic economic environment.

Speaking on the importance of flexible and tailored financing, Group Managing Director of Zedcrest Group, Adedayo Amzat, CFA, noted that Zedvance Finance, operates a model that is specifically purpose-built to bridge financing gaps and support business growth.

“We are proud of our accomplishments so far, especially the impact we’ve made in sectors that are critical to economic development. For instance, through solar and asset on-lending, we have helped to expand energy access and improve income opportunities for gig workers by financing mobility asset platforms across Nigeria.

“Because our customers are at the heart of our business, we were intentional about designing our flagship product, ‘Liquidity Solutions’ to allow businesses unlock faster credit delivery across all high-growth sectors. This has proven impactful as we continue to witness our clients record great successes,” Amzat said.

Highlighting the unique value of the offering, Amzat added that Liquidity Solutions provides tailored financing structures such as inventory purchase, invoice financing, and import financing, which empower businesses to optimise cash flow, accelerate turnover, and scale with confidence.

Commenting, Ayooluwa Oladimeji, Ag. Executive Director, Commercial Solutions, explained that Zedvance leverages technology, product innovation, deep sector expertise and risk-moderated structures to deploy diverse funding solutions, including multi-currency credit lines, BNPL facilities, and equipment financing across automotive, renewable energy, manufacturing, fintech, and trade distribution sectors.

“In 2025 alone, Zedvance Commercial Solution business recorded tremendous growth, driven by strong partnerships and a rapidly expanding portfolio.

“We are proud to have supported a range of businesses including; Shekel Mobility, Tradegrid, Sapphire, CredPal and other ecosystem partners.

“Beyond these successes, our focus remains on strengthening credit access across Africa’s commercial ecosystems to enable businesses scale with confidence and resilience”, he said

Building on its strong momentum, Zedvance is poised to expand its reach further in 2026, targeting over ₦250 billion in funding across key economic sectors including off-grid power, smart devices and home equipment, vehicle dealerships and mobility platforms, agribusiness and manufacturing, consumer and industrial goods distribution and hospitality.

This expansion reinforces its mission to accelerate enterprise growth by providing faster and broader access to credit across Africa.


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Mojisola Sayo-Kazeem Reflects on Leadership, Opportunity, Women in Tech @ IWD

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As the world marks International Women’s Day, Mojisola Sayo-Kazeem, Head of Finance, Jumia Nigeria & Ghana, reflects on how giving opportunity, mentorship, and support helps women thrive and strengthens organisations.

The future of work is digital, and for women it presents immense opportunities to innovate, lead, and shape the global economy. Yet thriving in a fast-paced, data-driven environment requires more than ambition or technical expertise. It requires opportunity and leadership that intentionally creates space for people to grow.

Reflecting on my own journey, I am reminded of how powerful those opportunities can be. I joined Jumia in 2012 as an accountant and, over time, grew into my current role as Head of Finance for Nigeria and Ghana.

Each stage of that journey came with new responsibilities and lessons that shaped my leadership perspective. One thing has become clear: growth rarely happens in isolation. It flourishes in environments where people are trusted, challenged, and supported to reach their full potential.

One of the most defining pillars of my career has been working within an organisation that invests in talent and encourages merit-based growth. At Jumia, a guiding principle is simple: let the best people and ideas grow. When organisations prioritise capability and innovation rather than bias, they create environments where individuals can thrive, and leadership potential can emerge naturally.

Leadership plays a crucial role in making this possible. Good leadership sharpens growth and experience, not only for the leader but for the teams they support. I have benefitted from leaders who shared knowledge, offered guidance, and entrusted me with meaningful responsibilities. Those opportunities challenged me to expand my skills, strengthen my judgement, and grow into larger leadership roles.

One experience that stands out was leading my team through the launch of a new business line under the guidance of our CFO. It demanded greater accountability, transparency, and strategic thinking. Looking back, it was more than a professional milestone, it was an opportunity to deepen my expertise and strengthen my leadership capacity.

Moments like these remind me that opportunity is one of the most powerful investments leaders can make in people. I also recognise and commend the many leaders who are already creating pathways for women to grow, lead, and contribute meaningfully. Their commitment to fairness, mentorship, and inclusion continues to open doors for others.

But there is still more to be done. As we mark International Women’s Day, this year’s theme, “Give to Gain,” invites leaders to reflect and to act. It challenges us to go beyond good intentions and intentionally create opportunities for women to grow and thrive based on merit, not favouritism or bias. This means sharing knowledge, investing in development, offering mentorship, and trusting capable women with meaningful responsibilities.

When we do this, we strengthen the people and institutions around us. Teams become more confident and capable, organisations become more resilient, and leadership pipelines become stronger and more diverse.

This year’s International Women’s Day theme, Give to Gain, reminds us that generosity is not subtraction, it is multiplication. When people, organisations, and communities give time, knowledge, visibility, advocacy, and support, opportunities for women expand. And when women thrive, industries, economies, and societies thrive with them.

When we give, we gain. The question for all of us is simple: What will you give to gain gender equality?


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