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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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NITDA DG Calls for Innovation-Led Economic Rebirth @ Kano Startup Weekend

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Kashifu Inuwa, the Director General of the National Information Technology Development Agency (NITDA), has called for a fundamental shift in Kano State’s economic strategy, urging stakeholders to embrace innovation, technology and collaboration as the drivers of growth in the 21st century.

Speaking at the Kano Startup Weekend, Inuwa acknowledge Kano’s long-standing reputation as the commercial nerve centre of Northern Nigeria and the wider Sahelian region, noting that its history of trade, enterprise and human capital provides a solid foundation for future growth.

He emphasised that while these strengths powered Kano’s success for centuries, the modern economy now offers even greater opportunities through innovation and technology.

He described innovation as the process of transforming ideas into impactful solutions through commercialization, stressing that when ideas are effectively deployed, they create value, solve societal challenges and generate sustainable economic growth. He noted that Kano’s large market, strategic location and vibrant entrepreneurial culture place it in a strong position to take advantage of innovation-driven opportunities.

According to him, “Innovation is the process of taking an idea from inception to impact. Invention on its own is a cost centre, but when you commercialise an idea, when you turn it into a product or service that solves a real problem and creates value, that is when you begin to drive economic growth and inclusion.”

He noted that the state hosts numerous degree-awarding institutions across federal, state and private ownership, providing a strong base for human capital development. However, he expressed concern that these institutions often operate in isolation from industry, with research outputs rarely translating into commercial or industrial applications.

He explained that innovation does not happen in silos and stressed the need for a strong, interconnected ecosystem that brings together academia, industry, startups, entrepreneurs and government.

According to him, universities should conduct research informed by industry needs, industries should leverage research to improve productivity and competitiveness, and startups should serve as the bridge that converts ideas into market-ready solutions.

He further encouraged entrepreneurs to leverage technology to build businesses that can grow beyond local markets, explaining that innovation-driven enterprises have the power to scale rapidly, create jobs and position Kano competitively at both national and global levels. According to him, digital platforms and emerging technologies now make it easier for startups to reach wider markets and develop solutions that were previously unimaginable.

“You can start your business here in Kano, but your thinking must be global from day one. Technology has removed barriers. With the right skills and platforms, a startup in Kano can build solutions that serve not just Nigeria, but the world,” he noted.

Highlighting NITDA’s ongoing interventions, the Director General outlined the Agency’s commitment to building national innovation capacity through targeted human capital development programmes. He cited the Digital Literacy for All (DL4ALL) initiative, which aims to equip Nigerians across all segments of society with essential digital skills, and the 3 Million Technical Talents (3MTT) programme, designed to produce a pipeline of globally competitive technical professionals in areas such as software development, data analysis and emerging technologies.

He said, “Through DL4ALL, we are ensuring that Nigerians at all levels have the basic digital skills needed to participate in the digital economy, while 3MTT is deliberately building a pipeline of globally competitive technical talents who can drive innovation, create jobs and attract investment.”

He explained that these programmes are key pillars of President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises skills development, innovation, job creation and inclusive economic growth as pathways to national prosperity. According to him, empowering Nigerians with digital and technical skills is essential for building a resilient economy capable of competing in the global digital landscape.

“President Tinubu’s Renewed Hope Agenda is about investing in people, empowering them with relevant skills and creating opportunities for inclusive growth. At NITDA, we are using digital skills and innovation as tools to translate that vision into real economic impact for Nigerians,” he said.

Inuwa urged all stakeholders in Kano to work together to build a functional innovation ecosystem that can unlock the state’s vast potential. He expressed confidence that with the right mindset, strong collaboration and sustained investment in digital skills and innovation, Kano can reclaim its historic leadership role and emerge as a major innovation and entrepreneurship hub in Nigeria and beyond.


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Sterling Bank Renewable Energy Colloquium Urges Stakeholders to Unlock Nigeria’s Clean Energy Potential

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Sterling Bank Limited on Monday convened stakeholders in the renewable energy industry to explore strategies for accelerating Nigeria’s transition to clean energy and boosting economic growth.

Sterling Bank Renewable Energy Colloquium Urges Stakeholders to Unlock Nigeria’s Clean Energy Potential

L-R: Mr. Ayo Ademilua, President, Renewable Energy Association of Nigeria; Dr. Jekwu Ozoemene, Group Executive, The Alternative Bank; Mr. Biodun Ogunleye, The Honourable Commissioner, Lagos State Ministry of Energy and Mineral Resources; Mr. Dele Faseemo, Group Executive, Coprporate and Investment Banking, Sterling Bank; Engr. Bem Samuel Anyangeuor, Representative, Honorable Minister of Power and Mr. Oluwaseyi Okunnuga, Group Head, Renewable Energy & Sustainability Finance, Sterling Bank at the just concluded Renewable Energy Colloquium held in Lagos recently.

The colloquium, themed “Beyond the Grid: Unlocking New Frontiers in Renewable Energy”, was held in Lagos and brought together policymakers, financiers, and industry leaders to deliberate on priority areas for action.

In his opening address, Managing Director and Chief Executive Officer of Sterling Bank, Mr. Abubakar Suleiman, represented by Mr. Dele Faseemo, Group Executive, Corporate and Investment Banking, said the bank would focus on regulation and financing to expand access to energy.

He noted that energy access remained critical to supporting economic growth and achieving Nigeria’s ambition of building a one trillion-dollar economy.

Delivering a keynote address titled “Scaling Electrification in Nigeria: The REA Impact”, Managing Director of the Rural Electrification Agency (REA), Dr. Abba Aliyu, represented by Mr. Abba Hayatudden, said Nigeria required about 26 billion dollars to bridge its energy deficit.

Aliyu explained that the energy transition strategy integrates grid, mini-grid and off-grid technologies to achieve universal, reliable and sustainable energy access while aligning with national development and climate goals.

Minister of Power, Mr. Adebayo Adelabu, represented by Engineer Samuel Ayangeaor, commended Sterling Bank for convening the dialogue.

He said renewable energy and rural electrification were central to the Federal Government’s Renewed Hope Agenda.

“The Ministry of Power has continued to expand electricity access to underserved communities to drive economic growth, foster industrial activity and create jobs across the nation,” Adelabu said.

Lagos State Commissioner for Energy and Mineral Resources, Mr. Biodun Ogunleye, highlighted the state’s efforts in renewable energy, including the ongoing two-gigawatt grid-scale solar project.

He described it as the most ambitious energy transformation ever undertaken by the state.

Chief Executive Officer of Sterling One Foundation, Mrs. Olapeju Ibekwe, urged participants to move beyond communiqués and act with intention to deliver meaningful impact.

The colloquium featured panel sessions on financing and scaling green energy solutions in Africa, among other discussions.


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Cellulant Taps Freddie Oduro to Lead Enterprise Payments Expansion in Ghana

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Mr. Freddie Oduro, New Country Manager for Ghana.
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Cellulant, a leading Pan-African payments company enabling seamless digital transactions across Africa, has appointed Mr. Freddie Oduro as its new Country Manager for Ghana.

Cellulant Taps Freddie Oduro to Lead Enterprise Payments Expansion in Ghana

Mr. Freddie Oduro, New Country Manager for Ghana.

Freddie’s appointment is a key step in Cellulant’s broader strategy to deepen its presence in priority markets by accelerating the acquisition of in-country enterprise businesses and strengthening its position as the payments partner of choice in Africa.

Freddie brings over a decade of commercial and strategic leadership experience in the telecommunications and financial services sectors, with expertise in  sales, business operations, and market expansion.

In his new role, he will drive merchant acquisition, strengthening partnerships, oversee collections and payout operations, while ensuring strong internal controls and regulatory compliance.

He joins Cellulant from Payaza and previously served as Sales Director at Cellulant, where he helped significantly expand the company’s footprint in Ghana.

Cellulant has been powering payments in Ghana for leading brands in sectors like e-commerce, utilities, oil and gas and retail, helping them offer their customers a wide range of secure digital payment options.

“We are happy to welcome Freddie back to the Cellulant family,” says Richard Gesimba, Chief Revenue Officer at Cellulant. “Ghana remains a critical market for us, with immense potential driven by rising digital payments adoption.

“As we sharpen our focus on in-country enterprise customers, Freddie’s leadership and industry insight make him the ideal person to steer our Ghana operations.”

The appointment comes at a transformative time for the company. Following a strategic shift between late 2023 and early 2024, focused on streamlining operations, doubling down on enterprise payments, and strengthening customer intimacy, Cellulant achieved profitability in 2024 and continues to build on this momentum.

The company now processes close to 4.5 million transactions daily for businesses across Africa, reinforcing its position as a fintech leader.

“I am honoured to return to Cellulant and lead the Ghana team at such a defining moment,” says Freddie, Country Manager for Cellulant Ghana. “Ghana presents a tremendous opportunity.

“We will ramp up our efforts to sign on more local merchants, strengthen our compliance and control frameworks, and introduce innovative solutions like Tingg Edupay, our automated school fee management solution that eliminates reconciliation delays by validating payments in real time and instantly updating student accounts.

“We will build on Cellulant’s strong foundation to deliver real value, reliability, and economic impact.”

Ghana’s digital payments sector continues to grow steadily, supported by increased mobile money usage and a progressive regulatory environment. Between January and October 2025, the value of mobile money transactions hit about GH¢ 3.6 trillion, up sharply from GH¢ 2.37 trillion in the same period of 2024.

Registered mobile money accounts now exceed 79 million, demonstrating strong consumer and business confidence in digital financial services and in turn creating many opportunities for payment innovation.

This leadership appointment underscores Cellulant’s commitment to building a resilient, high-performance organisation geared towards playing a pivotal role in the next era of Africa’s digital economy.

Looking ahead to 2026, Cellulant plans to further enhance the user experience on its payment platform, Tingg, and expand its  footprint across Ghana.


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