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Naira faces devaluation – investigation

Naira faces devaluation – investigation
onlinenigeria.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from onlinenigeria.com Daily Mail and Mail on Sunday newspapers.

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Daily Trust - Apapa gridlock: Extortion causes nightmare, losses for impor

Uniformed men, especially those purportedly working for the disbanded task team, have been blamed for this by truck drivers and importers. The escalating incidents of corrupt practices involving uniformed men, particularly the police and those from the Lagos State Traffic Management Agency (LASTMA), have led to various forms of protests by truck drivers, which Daily Trust has captured in a series of reports. Part of the extortion scheme is the aiding and abetting of illegal use of the Apapa outward lane by truck drivers or owners who pay bribes of about N250, 000 to the uniformed agents. Others who officially pay for a tag, which was originally initiated by the truck owners association as a means of controlling traffic at the onset of the gridlock caused by failed portions of the roads, are made to wait on queue for over a week.

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Govt action fails to curb port access road gridlock

Vanguard News Govt action fails to curb port access road gridlock On Factories groan over 5,000 trapped containers By Godwin Oritse MARITIME INSPITE of renewed efforts by government to find solutions to  Apapa traffic gridlock, there seems to be no end in sight to the menace as over 5,000 containers belonging to various manufacturing factories are currently trapped at the Tin-Can Island port. Managing Director of an international beverage company, pleading anonymity, told journalists that his company has run out of the substitutes used in manufacturing one of its soft drinks He stated: “We exhausted our stock and the container loads we imported arrived more than six weeks ago but have not been able to leave the port.”

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Despite Govt action, traffic persists on port access roads

Vanguard News Despite Govt action, traffic persists on port access roads On Kindly Share This Story: GRIDLOCK The traffic gridlock at the Mile 2 end of Apapa-Oshodi Expressway, Lagos ,yesterday. Photo: Joe Akintola, Photo Editor. As    INSPITE of the renewed efforts by the government to the solution to Apapa traffic, there seems to be no end in sight to the traffic situation along the road as over 5,000 containers belonging to various manufacturing factories are currently trapped at the Tin-Can Island port. The Managing Director of an international beverage company told journalists that his company has run out of the substrate used in manufacturing one of its soft drinks

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