Business
First Direct Ship From China Arrives Lagos PTML In 27 Days
Published
6 months agoon
By
Editor
PTML Terminal, the largest multipurpose terminal in West Africa, recently made history with the arrival of the MV Great Cotonou, the first Con-Ro (Container-Roll-on/Roll-off) vessel, which reached Lagos from Shanghai in a record 27 days.
In a statement over the weekend, PTML stated that this milestone marks a significant advancement in maritime trade between China and Nigeria, reducing transit times and enhancing logistics efficiency.
Owned by global shipping giant Grimaldi Group, which also operates PTML Terminal, the MV Great Cotonou is set to transform regional trade by offering the fastest transit time on this route—just 27 days.
Unlike other shipping services that require transshipment at intermediary ports, this direct service ensures faster and more reliable delivery for Nigerian importers, eliminating delays and additional handling costs.
READ ALSO: South Africa Govt Detains Miss Universe Nigeria, Chidinma Adetshina’s Mother For Alleged Forgery
With this innovative service, Nigerian businesses can now receive not only containerized cargo but also vehicles—including cars, vans, trucks, and project cargo—all on the same vessel.
This unique multimodal transport solution presents a substantial logistical advantage, streamlining supply chains and reducing overall costs for importers.
PTML Terminal is well-equipped to handle this new service, boasting state-of-the-art facilities, easy port access, and a dedicated workforce to ensure seamless operations.
The terminal’s highly efficient cargo-handling capabilities will further enhance the benefits of this direct shipping route.
The vessel’s arrival was commemorated with a high-profile welcoming event attended by key figures in the maritime industry. Among those present were Andrea Grimaldi, representing the Grimaldi family, alongside Giampaolo Vitale, Line Manager, and Salvatore Califano, Director of Grimaldi. PTML’s Managing Director, Ascanio Russo, also attended the event, emphasizing the significance of this milestone.
READ ALSO: Hamas Releases Three Israeli Hostages Amid Fears Of Renewed War In Gaza
Speaking at the event, Russo stated: “The arrival of the Great Cotonou at PTML represents a pivotal moment for Nigerian importers.
“This service will significantly reduce transit times and logistics costs while offering unmatched convenience by accommodating various types of cargo in a single shipment.”
“We have the infrastructure, the expertise, and the human capital, and we will offer great service to our importers and exporters.
“The arrival of this ship and this new service will definitely create many more opportunities for our terminal, workers, host community, and Nigeria as a whole.
READ ALSO: ‘Privacy Reasons’ – Canada Breaks Silence On Nigeria’s Defence Chief Visa Snub
“This is the largest container-RoRo ship coming to Africa, and we have upgraded our facilities to receive this kind of vessel.
“We have recently acquired a massive mobile harbor crane costing more than USD 10 million. Additionally, we had to upgrade our infrastructure, including the quayside, with an investment exceeding USD 5 million just to accommodate these ships,” Russo said.
Also speaking, Andrea Grimaldi said, “Our goal is to create a fast and efficient trade link between Shanghai and West Africa, particularly Lagos.
“The Great Cotonou offers a direct connection with a rapid 27-day transit. We are starting with Shanghai, but as demand grows, we plan to expand our coverage to other Chinese ports and beyond.”
READ ALSO: ‘Privacy Reasons’ – Canada Breaks Silence On Nigeria’s Defence Chief Visa Snub
With this groundbreaking development, Nigerian businesses and logistics operators now have access to a faster, more efficient, and cost-effective trade link with China
Rhe direct Shanghai-to-Lagos route reinforces Lagos as a key hub in global maritime logistics, strengthening Nigeria’s position as a leading player in West African trade.
As PTML Terminal continues to expand its service offerings, the launch of this direct shipping route stands as a testament to its commitment to enhancing trade, boosting economic growth, and providing world-class logistics solutions in Nigeria.
You may like
India Test-fires Ballistic Missile, Capable Of Reaching All Of China
10 Die, 33 Missing As Floods Hit Northwest China
US, China Agree To Slash Tariffs In Trade War De-escalation
US Ends Tariff Exemption On Small China Shipments
Tariffs: We Will Have A Trade Deal With China – Trump
U.S, China Tariff War Could Slash Trade By 80%, Okonjo-Iweala Warns
Business
NNPCL Reduces Fuel Price After Dangote Refinery’s Adjustment
Published
2 weeks agoon
August 14, 2025By
Editor
The Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price on Thursday, according to DAILY POST.
It was confirmed that NNPCL retail outlets in the Federal Capital Territory, Abuja, have reduced their pump price to N890 per litre from N945.
This new fuel price has been reflected in NNPCL retail outlets such as mega station Danziyal Plaza, Central Area, Wuse Zone 4, Wuse Zone 6, and other of its filling stations in the nation’s capital.
READ ALSO:N5bn Damage: NNPCL Secures Appeal Court Victory Against Ararume
The latest downward review of fuel price in NNPCL outlets represents an N55 reduction in fuel pump price.
“It was reduced to N890 per litre this afternoon, down from N945,” an NNPCL fuel attendant told DAILY POST anonymously on Thursday.
This comes a Nigerian filling station, MRS Empire Energy, on Thursday adjusted their fuel pump price to N885 and N946 per litre, down from N910 and N955 per litre.
The latest fuel price reduction trend is unconnected to Dangote Refinery’s ex-depot petrol price adjustment by N30 to N820 per litre from N850 and the price of crude oil in the international market.

Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, PMS, commonly known as petrol, by N30, from N850 to N820 per litre, effective from August 12, 2025.
This was disclosed in a statement by the company’s spokesman, Anthony Chijiena, on Tuesday.
The 650,000-barrel-per-day plant said the move is part of its unwavering commitment to national development, assuring the public of a consistent and uninterrupted supply of petroleum products.
READ ALSO:Dangote Refinery Gets New CEO
“In line with our dedication to operational excellence and sustainable energy solutions, Dangote Petroleum Refinery will commence the phased deployment of 4,000 CNG-powered trucks for fuel distribution across Nigeria, effective August 15, 2025,” said Chijiena.
The announcement comes as the refinery prepares to commence direct fuel distribution nationwide. The development is expected to lead petroleum product marketers to reduce their pump prices in the coming days.
In Abuja, the retail fuel price stood between N885 and N970 per litre as of Tuesday evening.
Business
Indian Refiners Abandon Russia For Nigerian Crude, As Dangote Refinery Relies On US
Published
2 weeks agoon
August 11, 2025By
Editor
India Refineries have abandoned Russian crude for Nigerian crude, while domestic refiner Dangote Refinery relies heavily on West Texas Intermediate crude from the United States of America.
This followed a recent sanction threat by US president Donald Trump on India over continued patronage of Russian crude.
According to Reuters, industry sources said that Indian Oil Corporation recently bought one million barrels of Nigeria’s Agbami crude for September 2025 delivery in a tender awarded to global trader Trafigura.
Also included are one million barrels of Angola Girassol, one million barrels of US Mars, three million barrels of Abu Dhabi Murban, and two million barrels of Nigerian oil, according to Reuters.
READ ALSO:‘My Eyes Dey Your Body’: Drama As Portable Professes Love For Regina Daniels
The report noted that the purchase is part of a broader sourcing spree that has seen Indian refiners secure millions of barrels from non-Russian sources post July 2025.
Meanwhile, Indian refiners secured purchases of Nigerian crude grades; the $20bn Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, is relying on around 60 percent on US and other imoorts to feed its processing units.
Data showed that the refinery imported an average of 10 million barrels in July 2025, saying it was increasingly relying on the US for its feedstock despite the naira-for-crude deal with the Federal Government, which kicked off in October last year.
According to Reuters, the Indian Oil Corp and Bharat Petroleum have bought a million barrels of non-Russian crude billed for delivery in September and October after the US pressured India to halt purchases from Russia.
READ ALSO:
Indian state refiners had been largely absent from the Nigerian crude market spotlight since 2022; they have in the past concentrated on Russian crude amid the Russian-Ukrainian war. However, the Indian refiners paused Russian purchases in late July 2025 after pressure from US President Donald Trump.
On the part of Dangote Refinery, data from commodities analytics firm Kpler showed that in July, US barrels accounted for about 60 percent of Dangote’s 590,000 barrels per day of crude intake, with Nigerian grades making up the remaining 40 percent.
In July, the Dangote refinery’s crude imports surged to a record 590 kbd—driven largely by US barrels overtaking Nigerian supply for the first time—amid ongoing domestic sourcing challenges, Kpler reports.
“While WTI has held a significant share in Dangote’s import slate since March, this is the first time US crude has overtaken Nigerian supply—a shift driven by several factors,” Kpler stated.
- Edo Sports Commission Boss Celebrates Okpehbolo On Birthday
- Oba Of Benin Suspends Palace Chiefs
- Lawyers Fault EFCC Statement, Say It’s Misleading
- Tricycle Riders Sentenced To Five Years Over WhatsApp Group Mobilising Protest Against Nigerian Gov
- Ebonyi Raises Minimum Wage From N70,000 To N90,000
- Trump Administration Proposes New Rule Limiting Nigerians, Others
- Police Arrest Ex-Soldier, Four Others Over Armed Robbery, Kidnapping In Anambra
- Police Arrest Ex-Soldier, Four Others Over Armed Robbery, Kidnapping In Anambra
- Enugu Vigilantes Beat Young Man To Death Over Alleged Stealing Of Woman’s Clothes
- BREAKING: Former Customs Comptroller-General, Ahmed Aliyu Mustapha, Is Dead
Trending
- News5 days ago
DSS Issues Warning, Arrests Man For Circulating Fake Recruitment Materials
- Politics4 days ago
[BREAKING] Edo: APC Suspends Ex-senatorial Aspirant Of Party
- Politics5 days ago
2027: You Will Lose 80% Of Northern Muslim Votes If…, APC Forum Warns Tinubu
- News3 days ago
NAFDAC Warns Of Fake Postinor-2 In Circulation
- Politics5 days ago
Primate Ayodele Releases Fresh Prophecies On FIRS, FAAN, Others
- Headline4 days ago
US Comedian Reggie Carroll Shot Dead In Mississippi
- Metro4 days ago
UNIZIK Suspends Doctors, Nurses, Security Personnel Over 100-level Student’s Death
- News5 days ago
‘Na Only People You Gave Work Love You,’ Singer Speed Darlington Tells Tinubu
- Headline4 days ago
US Defends New Social Media Vetting For Nigerian Visa Applicants
- Politics3 days ago
PDP Zones 2027 Presidential Ticket To South