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Business News of Wednesday, 17 March 2021

Source: www.vanguardngr.com

Bitumen, petroleum products lead import chart for March

The photo used to illustrate the story The photo used to illustrate the story

There are indications that the road construction sub-sector industry of the Nigerian economy could be experiencing a boom as Bitumen, a major raw material for road projects, recorded a total of four million metric tons in the March 2021 import chart.

Statistical data from the Shipping Position of the Nigerian Ports Authority, NPA, shows that bulk wheat that has been topping the chart since the beginning of the year took second position with 162,000 metric tons while 146,000 metric tons was recorded for petroleum products for the month under review. Frozen fish recorded a total of 22, 745 metric tons.

We’ll pay outstanding debts owed contractors that have delivered soon, Ashafa assuresSurprisingly, the nation’s premier port which is known for bulk cargoes and grains, frozen fish and other cargoes recorded a total of 130 units assorted brands of vehicles whose delivery were processed through the Apapa port.

Traditionally, vehicles are imported through Roll-off-Roll-on (RORO) in Tin Can and Port Multipurpose Services Terminal Limited (PTML) ports. No immediate explanation was given by the NPA for the new development.

Other items that made the list are bulk Gypsum with 48,920 metric tons, bulk malt with 4,500 metric tons and a number of Fully Loaded Containers, FLC,    carrying vessels waiting at the anchorage to get berthing space.

Recall that in the first two months of this year, wheat led the chart until now.