• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Monday, June 23, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Shipper decries new cargo clearance fee

Shipping

The Matters Press by The Matters Press
February 3, 2024
Reading Time: 1 min read
0
2023 maritime, shipping outlook force experts to call for aid

Lagos, Feb. 3, 2024: A shipper, Rev. Jonathan Nicole, has decried the increase in exchange rate for cargo clearance from N952 to N1,356 per dollar by the Federal Government.

RELATED POSTS

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

ECOWAS, Sahel states in deal to confront terrorism

Nicole disclosed on Friday in Lagos, saying the new exchange rate for cargo clearance would increase inflation.

“There have been a lot of sad stories as regards doing business in our domain – the maritime sector.

“The new exchange rate will increase inflation and businesses will be grossly affected, terminating projections before imports.

“The rate will affect the manufacturing sector and goods and services will increase. Cost of transportation will skyrocket.

“At the end of a transaction, the general public will be made to pay for the failure of our economic policies.

“Unemployment will increase and some companies are shutting down already due to paucity of funds,” he said.

“The success of a country is determined by the management of the commonwealth for all.

“Where the citizens are impoverished, the nation becomes epileptic and this is what is happening at the moment,” he said.

He, however, urged government to ensure fair distribution of the nation’s resources for all and sundry.

Nicole urged shippers to brace up for tougher policies noting that the current exchange rate would not be the last.

“Government is not blind to the sufferings of her citizens.

“We believe sooner than later the untold hardship will be overwhelmed with collective bargaining to prosperity for all,” he said.

Tags: Shipping
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
ECOWAS, Sahel states in deal to  confront terrorism
Foreign

ECOWAS, Sahel states in deal to confront terrorism

June 20, 2025
Tinubu denies manipulating NASS
Economy/Technology

Tinubu’s decision to press ahead with ongoing reforms, commendable-TMSG

June 20, 2025
Buhari urges Nigerians to maintain peace as he promises free, fair polls
Economy/Technology

TDF extols Buhari for supporting Tinubu’s reforms

June 19, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
News

Tinubu’s mid-term scorecard, a glimpse of coming dividends – TMSG

June 19, 2025
Next Post
Coronavirus hits hard as China records 811 deaths

China’s bank wealth management market expands in 2023

Nigeria to close energy gap through Rural Electrification Agency

Nigeria establishes committee on drop in power supply

Recommended Stories

IMF raises alarm over Nigeria’s economy, but supports reform efforts

Kwara disburses N600m grants to 30,000 traders

September 21, 2022
Coronavirus hits hard as China records 811 deaths

China to cut gasoline, diesel retail prices

August 9, 2022
Airtel pledges support for Africa’s digitalisation agenda

Airtel pledges support for Africa’s digitalisation agenda

August 14, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF
  • Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years
  • ECOWAS, Sahel states in deal to confront terrorism

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us