Tag: Nigeria

Nigeria : The President Muhammadu Buhari commissions Lekki Deep Sea Port

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On Monday January 23, 2023, the President Muhammadu Buhari officially inaugurated the Lekki Deep Sea Port, in Lagos, Nigeria, in the presence of Governor Babajide Sanwo-Olu of Lagos State, the Minister of Transportation, Muazu Sambo, the Chinese Ambassador to Nigeria, Ciu Jianchun, top government officials and traditional rulers, etc. This project with an investment in excess of $1.5 billion is a Joint Venture between the Federal Government of Nigeria through the Nigerian Ports Authority (5%), Lagos State Government (20%), the Tolarams Group, the owner of the Lagos Free Zone (22.5%),…

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IMPERIAL ACQUIRES CONTROLLING STAKE IN ‘AFRICA FMCG DISTRIBUTION LTD’ IN NIGERIA

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Imperial, owned by DP World, has announced its Market Access business has completed the strategic acquisition of a controlling stake in Africa FMCG Distribution Ltd (AFMCG), which is part of the Chanrai Group of Companies. AFMCG is a multi-faceted business, distributing products that positively impact the lives of consumers in Africa every day. The business offers a nationwide and best-in-class route-to-market solution across multiple channels in Nigeria. Its services also extend to co-manufacturing, co-packing, sourcing and value-added services in the fast-moving consumer goods (FMCG) sector. Representing some of the world’s…

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First Vessel berths as Lekki Port takes delivery of STS Cranes and RTG Equipment

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In what could best be described as a major milestone and a significant boost ahead of the commencement of port operations, Lekki Deep Sea Port, on Friday, 1st July 2022, took delivery of 3 Super Post Panamax Ships to Shore (STS) Cranes and 10 Rubber Tyred Gantries (RTGs) and also witnessed the arrival of the first vessel to berth at the port. The cranes and the RTG equipment will be used in the container terminal, which will be operated by Lekki Freeport Terminal, a subsidiary of CMA CGM Group. The…

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