Business
BPE Decries Non-dredging of Calabar Channel
By Joseph INOKOTONG
The Acting Director General of the Bureau of Public Enterprises (BPE), Dr. Vincent Onome Akpotaire has decried the non-dredging of the Calabar Channel which has impeded vessels coming into the Calabar Port to the detriment of the terminal operators and other users of the Port.
Speaking after the Post Privatisation Monitoring of Terminal Operators at the port recenrlt, the Acting Director- General who was represented by the Director, Post Privatisation Monitoring in the BPE, Mr. Joseph Chigbo Anichebe who led a BPE team to the Port, said the Bureau would immediately come up with a report on its assessment of the Port and present to the Federal Government for quick intervention for the dredging which commenced some time ago but suddenly stopped.
He said that though the Bureau was not a party to the contract for the dredging of the Calabar Channel, “BPE will step in to ensure that the Federal Government dredges the Port because it is an agreement signed with the Terminal Operators during the concessioning of the Terminals”.
The Ag. DG said that during the two-day monitoring at the Port, all the Terminal Operators complained that the non-dredging of the Channel had led to a lull in their operations leading to a huge loss of revenue to the Federal Government, a situation, he said ought to be addressed urgently to shore up Government’s dwindling revenue.
According to him, “Calabar Port is not what we were expecting. We expected to see here what is happening in Lagos and Port –Harcourt Ports where activities are booming but unfortunately, the Calabar Port has gone back to pre-2006 levels. We have interacted with the Port operators who have told us why the Port is not performing as expected and have given the Bureau an avalanche of reasons why the Port is not performing. And the major challenge they say is the non-dredging of the Calabar Channel.
“No ocean going vessel can come into the Channel. We were expecting the draught to be deepened but as it is now, no big or container laden vessels can come into the Port. When we go back after the interaction with the Terminal Operators, we will do a report to the BPE management and the National Council on Privatisation (NCP), chaired by the Vice-President, highlighting the problems we saw on ground and it is our belief that very soon things will change based on our recommendations”
A statement signed by Mr. Alex E. Okoh Head, Public Communications of the BPE said he stated that after the interaction with the Terminal Operators, the key thing that played out was the non-dredging of the Calabar Channel. “You can’t ask a ship to come to Calabar Port and dock because the depth is so low. And that is the critical thing we expect the Federal Government to do. As soon as the Channel is dredged, Nigeria can apart from imports, also export as there are many things to export but if the ships can’t come in you can’t export. You can’t take smaller ships to export goods to Europe”.
The Acting Director General maintained that the Calabar Port is very central to the North-East, North-Central, South-East and South-South regions of the country which it can control the economies in these regions.”Nnewi for instance imports heavy duty equipment. In Onitsha, they import all kinds of goods. Aba exports and imports a lot of products and Calabar Port should be the hub but currently, it is not. People will transport their goods to Lagos to export while others would import through Lagos Port and haul them by trucks and the roads are not good. So why not use the Calabar to ease their sufferings”.
The Calabar Port was concessioned to Intels, Ecomarine and Shoreline Logistics in 2006. Under the concession agreement, the Federal Government was contractually obligated to dredge the Calabar Channel but it never did until in 2013 when the Nigerian Ports Authority (NPA) appointed a Channel Manager- Calabar Channel Management (CCM) in 2013. CCM mobilised and started dredging in 2014 but suddenly stopped.
Due to the non-dredging of the Channel, many stakeholders have been making a case for it, the recent being the Manufacturers Association of Nigeria (MAN) which recently met with the Cross River State Governor, Ben Ayade to intervene to make the Port work.
Business
Umahi Inspects Lekki Corridor’s 7th Axial Road Project, Expresses Confidence in CHEC
Minister of Works Senator Dave Umahi over the weekend inspected the progress of the 7th Axial Road project in the Lekki Corridor of Lagos.
The project, located behind the Dangote Refinery, is a crucial cargo handling route for the Lekki Deepwater Port and connects the Lekki Corridor with the Sagamu route.
The Minister expressed confidence in China Harbour Engineering Company Limited (CHEC), the project’s contractor, citing its successful delivery of the Lekki Deepwater Port and high-quality progress on the Makurdi-Enugu road reconstruction and expansion project. Umahi instructed that the roadbed filling work for Project LOT1 be completed by the end of April and directed the project team to accelerate resource input and tangible works to meet the deadline.
The 7th Axial Highway is expected to synergize with key infrastructure projects like the Coastal Road, Dangote Road, and Lekki Port, creating a comprehensive transportation hub model and boosting Nigeria’s port economy and industrial corridor. Umahi emphasized the need for environmental protection agencies to ensure efficient construction and steady progress while maintaining ecological safety.
A representative of CHEC who spoke during the inspection stated that the company would maintain a high level of resource input, implement the Minister’s directives, and coordinate safety, quality, and environmental protection to ensure the project’s timely and high-quality completion in other to unluck its port relief and regional economic benefits.
Business
Nestoil: Lagos CP dragged to court for contempt, risks imprisonment
This is certainly not a good time for the Lagos State Police Commissioner, Mr. Moshood Jimoh as he has been dragged to court for commiting contempt by defying a clear court order that he and his men must not go near the business premises of Nestoil Group which belongs to Drawcok Estates LTD.
The fresh suit by Drawcok Estates LTD followed Monday’s deployment of over fifty armed police officers by Mr. Moshood Jimoh to seal off the business premises of Nestoil Group which belongs to Drawcok Estates LTD despite an order by Justice Ofili Ajumogobia.
Also, despite a directive by the federal government that police escorts be withdrawn from VIPs, Mr. Moshood Jimoh illegally allocated several police officers to be guarding Mr. Sulu Gambari, the self-acclaimed Receiver Manager which was appointed by a former judge that was handling the case, Justice Isaac Dipeolu.
Recall that Justice Daniel Osiagor of the Federal High Court in Ikoyi vacated all the orders made by Justice Isaac Deinde Dipeolu who wrongly appointed the Receiver Manager.
Meanwhile, dissatisfied with the action of the Lagos Police Commissioner, Drawcok Estates LTD yesterday filed a case of contempt against the Lagos State Commissioner of Police, Mr. Olohundare Jimoh Moshood (Contemnor) before a Federal High Court in Abuja.
In Suit No: FHC/ABJ/CS/2385/2025, the applicant wants Police Commissioner Moshood Jimoh to be found guilty of contempt of court and also be committed to prison unless he obeys the directives contained in Justice Ofili Ajumogobia’s Order of November 24, 2025.
Recall that Justice Ofili Ajumogobia had on November 24, 2025 ordered that the building in question belongs to Drawcok Estates LTD, adding that no police officer must be seen carrying out orders of the Lagos State Police Commissioner around the premises.
The Orders made by Justice Ofili Ajumogobia on November 24, 2025 in suit number FHC/ABJ/CS/2385/2025 were that:
The applicant has a right to own and possess her properties as mentioned in the addresses above as guaranteed by the 34 Constitution of the Federal Republic of Nigeria, 1999 as amended and the African Charter on Human and People’s Rights..
That the sealing-off and occupation of the applicant’s properties on the addresses mentioned above by the Respondents constitute an infringement on the right of the applicant to own property, as guaranteed by Sections 43 and 44 of the he Constitution of the Federal Republic of Nigeria, 1999 as amended.
That the Respondents, whether by themselves , their agents, agencies and servants, acting for it through them or any other person(s) howsoever described or claiming through them, to vacate the applicant’s properties on the addresses mentioned above, and deliver possession over to the applicant forthwith.
That the Respondents, whether by themselves, their agents, agencies, and servants, acting for or through them or any other person(s) howsoever described or claiming through them, to provide security for the applicant to take back possession of her properties on the addresses mentioned above.
That the Respondents is restrain, whether by themselves, their agents, agencies and servants, acting for or through them or any other person(s) howsoever described or claiming through them, from harassing the applicant and refusing her access to her properties on the addresses mentioned above.
Nigerian Concord Newspapers reporters that visited the business premises yesterday reported that pollice officers have been denying workers of several companies access to their offices located within the Nestoil building in Lagos on the order of Moshood Jimoh, despite a subsisting court order directing that they be allowed into the premises.
The affected workers had resumed duties following a court order delivered by Hon. Justice Ofili Ajumogobia of the Federal High Court, Abuja on November 24, which directed that they be granted access to their offices.
Business
Dangote Refinery Boosts Fuel Exports as Gulf Refineries Shut Down
By: Fabian Apechihin
The Dangote Petroleum Refinery has ramped up fuel exports to international markets amid widespread refinery shutdowns in the Middle East, industry sources confirmed.
A senior official at the $20bn Lagos-based plant told The PUNCH that the facility exported significant volumes of petrol (PMS), diesel (AGO), and aviation fuel (Jet A1) to foreign buyers in August, following earlier shipments in June and July.
The surge comes as Saudi Aramco and other regional producers face heavy maintenance schedules, tightening fuel supply. Aramco has already shut down two plants and plans further closures, including its 460,000 b/d Satorp refinery in Jubail for a 60-day turnaround in November–December. Kuwait and India are also scaling back capacity for maintenance and seasonal demand.
According to Argus Media, these shutdowns are pushing Gulf nations to import record volumes of gasoline, with Saudi Arabia and the UAE sharply increasing purchases from Europe and other markets in recent months.
While some reports pointed to operational constraints at Dangote’s 650,000 b/d facility, the company dismissed such claims, insisting production is on track to reach 700,000 b/d by December. Earlier this year, Aliko Dangote announced the refinery had sold two cargoes of jet fuel to Saudi Aramco and recently achieved exports of about 1 million tonnes of petrol between June and July.
“With Gulf refiners offline, Nigeria has now emerged as a net exporter of refined products,” Dangote said.
Analysts suggest the extended refinery outages in the Middle East will further strengthen demand for Dangote’s output, positioning the Nigerian plant as a key supplier in regional fuel markets.
Would you like me to tighten this further into a 5–6 paragraph wire-style news brief, or keep it as a detailed feature-style report with more context on Gulf refinery shutdowns?
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