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flag Swiss firm MSC wins 45-year deal to build Lagos container terminal, opening 2028.

flag MSC, a Swiss shipping company, has won a 45-year concession to develop, operate, and maintain a new container terminal at Lagos’s Snake Island Port in Nigeria, part of a $1 billion infrastructure investment. flag The terminal, being built by ITB Nigeria and DEME Group, will span 30 hectares with a 910-meter quay to handle deep-sea vessels and barges, with operations set to begin by 2028. flag The project aims to ease severe port congestion in Lagos and elevate the port’s global role. flag The development reflects a growing trend of major shipping firms securing long-term stakes in emerging markets amid shifting global supply chains.

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