Why shipowners pay port fees in dollars – NPA

Why shipowners pay port fees in dollars – NPA

The Managing Director of the Nigerian Ports Authority, Mohammed Bello-Koko, has explained why shipowners are mandated to pay for some transactions in dollars. Bello-Koko in an exclusive interview with Sunday PUNCH in Lagos said that shipping is an international business, so all the transactions, and negotiations, among others are initiated offshore. He added that the

 
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Source: Why shipowners pay port fees in dollars – NPA

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