banner books
 
<< Back             Poser >>
Maritime Reforms: Nigeria’s ports record 12.3% rise in cargo throughput
By Emeka Anaeto
The Nigerian Ports Authority (NPA), has reported significant growth in cargo throughput, vessel traffic, container movements, vehicle traffic among others in the second quarter of 2026, Q2’26, attributing the development to the various reforms the Federal Government introduced in the maritime sector.
This was contained in the NPA Operational Performance Report for Q2’26 which also revealed an overall improvement in operational activities.
Breakdown of the report showed that most of the key performance indicators recorded positive growth, reflecting sustained increases in vessel traffic, cargo throughput, container movements and port utilisation.
“The increase in cargo volumes and ship calls underscores the continued resilience of the nation’s seaports to facilitate trade and be more competitive,” said Managing Director of the NPA, Dr Abubakar Dantsoho while commenting on the stelar performance.
A breakdown of the report showed that cargo throughput increased by 12.3 per cent, from 31,825,592 metric tonnes recorded in Q2 2025 to 35,740,362 metric tonnes in Q2 2026.
Further breakdown of the cargo throughput by type of trade showed that inward cargo accounted for 56.8 per cent of total cargo handled, while outward cargo represented 41.9 per cent.
Transshipment cargo contributed 488,364 metric tonnes, representing approximately 1.4 per cent of total cargo throughput.
The report further stated that inward cargo increased by 7.7 per cent, while outward cargo recorded a 22 per cent increase, “demonstrating improved export performance during the period under review.”
The number of ocean-going vessels completed increased from 1,050 in Q2 2025 to 1,201 in Q2 2026, representing an increase of 14.4 per cent.
Similarly, the Gross Registered Tonnage (GRT) of ocean-going vessels increased from 40.87 million tonnes to 49.95 million tonnes, representing a growth of 22.2 per cent. 
Service boat operations also increased during the quarter. The number of service boats completed rose by 22.3 per cent, from 3,554 to 4,347, while the associated Gross Registered Tonnage increased by 62.4 per cent, from 1.06 million tonnes to 1.73 million tonnes.
Container traffic increased by 11.3 per cent, rising from 541,229 TEUs in Q2 2025 to 602,392 TEUs in Q2 2026.
The report stated that inward laden containers increased by 6.3 per cent, accounting for approximately 51.5 per cent of total container traffic.
Outward laden containers declined marginally by 3.9 per cent, while empty container traffic increased by 13.9 per cent compared with the corresponding period of 2025.
Transshipment container traffic stood at 29,038 TEUs, compared with no recorded movement during the corresponding period of 2025.
This, the report said, reflects the growing importance of transshipment operations within the Nigerian port system.”
Also, vehicle traffic increased during the period under review.
A total of 44,147 units were handled in Q2 2026 compared with 37,306 units recorded in Q2 2025, representing an increase of 18.3 per cent.
The report identified the continued growth in transshipment traffic as a development within the Nigerian port system.
It stated: “The emergence and continued growth of transshipment traffic continues to position Nigerian ports as an emerging regional transshipment hub. The on-going Port Modernisation if completed with the sustained investment in infrastructure and commercial engagement with shipping lines will further enhance this opportunity.”
Commenting further, Dantsoho said the NPA’s core priority for 2026 is a massive infrastructure overhaul, complemented by digital reforms and operational efficiency improvements.
He also stated: “The centerpiece is the modernisation of Apapa and Tin Can Island ports. The NPA notes both are outdated—Apapa is nearly 100 years old and Tin Can over 50. NPA is also supporting the Lekki and Badagry deep-sea projects to handle larger vessels and revitalising Eastern Ports to reduce Lagos congestion.
“The authority is enhancing technology-driven security for 24-hour operations and strengthening collaboration with customs agents to tackle congestion and improve cargo evacuation. NPA is positioning Nigeria as West Africa’s trade nerve. The expected impact includes faster operations, lower logistics costs, increased trade volumes, and improved export competitiveness.”
Vanguard Business News
Nigeria’s trade surplus jumps 67% to N12.59trn in Q2’26
By Yinka Kolawole Nigeria’s merchandise trade surplus surged by 66.8 per cent quarter-on-quarter to N12.59 trillion in the second quarter of 2026, from N7.55 trillion recorded in Q1, as a sharp rise in exports widened the gap between the country’s earnings from exports and its import bill. In its foreign trade statistics report released yesterday, […]
Maritime Reforms: Nigeria’s ports record 12.3% rise in cargo throughput
By Emeka Anaeto The Nigerian Ports Authority (NPA), has reported significant growth in cargo throughput, vessel traffic, container movements, vehicle traffic among others in the second quarter of 2026, Q2’26, attributing the development to the various reforms the Federal Government introduced in the maritime sector. This was contained in the NPA Operational Performance Report for […]
Foreign investors pull out N266bn from Nigeria in 3 yrs
Foreign Portfolio Investment (FPI) net capital outflow from the Nigerian equities market widened by more than 1,073 per cent in three years, rising from N22.68 billion in the first seven months of 2023 to N266.07 billion by July 2026, as foreign investors took more money out of the market than they brought in.
Nigeria’s reserves hit $54bn, highest in 18 years
Nigeria’s external reserves have risen to $54.08 billion, reaching their highest level in nearly 18 years and moving further above the Central Bank of Nigeria’s (CBN) projection for the end of 2026. Latest CBN data showed that the reserves reached $54.08 billion on September 3, compared with $53.99 billion on September 2 and $53.90 billion […]
Dangote Petroleum Refinery set for landmark IPO following SEC approval
… Proposed 4.1bn share offer could raise approximately ₦2.15trnBy Udeme Akpan The Securities and Exchange Commission (SEC) has approved the commencement of the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, paving the way for what could become one of the largest capital market transactions in Nigeria’s history. The approval was conveyed […]
PremiumTrust Bank gets dual credit rating upgrades
By Henry Obetta PremiumTrust Bank has received dual credit rating upgrades from Agusto& Co. and DataPro Limited, underscoring its financial strength, sound risk management and growth trajectory. Agusto upgraded the Bank’s long-term rating from BBB+ to A- and short-term rating from A2 to A1, while DataPro upgraded its long-term rating from A- to A and […]