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Saturday, July 4, 2020

NIMASA blames ship owners for delay in CVFF disbursement

Lagos — The Executive Director, Finance and Administration of the Nigerian Maritime Administration and Safety Agency, NIMASA, Bashir Jamoh, has blamed ship owners for the failure of the agency to disburse the Cabotage Vessel Finance Fund, CVFF. Jamoh, who spoke on the sidelines of an...

By Godfrey Bivbere Nigeria’s maritime stakeholders have attributed the dumping of empty containers in the country to lack of supervision of container holding system. According to them, the dumped containers are those that have reached the end of their life circle Former National President of National Association...

Nigeria’s mining sector grew by 15% in 2017

The acting Executive Director of the African Centre for Leadership, Strategy and Development, Mr. Monday Osasah, has said the mining and quarrying sector has grown by 14.85 per cent from 10.7 per cent in Q4 2017. Mr. Osasah was speaking at the 2018 National Summit...

Pirate attacks, oil theft threaten Nigeria’s $14bn maritime sector earnings –FG

The Federal Government has declared that the annual earnings of $6bn in freight cost and $8bn in oil and gas and other maritime activities have come under threat from pirate attacks, oil theft and other illegal activities militating against the growth of the sector. The...

Group labels Nigerian seaports most inefficient in West Africa region

10 June 2018, Naija247news, Lagos — The cumbersome transaction processes plaguing the nation’s maritime sector continued to attract negative reviews as a group has adjudged the nation’s seaports as the most inefficient with highest days of cargo dwell time in the West African sub-region. The...

Nigerian Ports Authority to support completion of all deep sea ports projects

The Nigerian Ports Authority, NPA, will support the completion of all deep sea ports projects across the country, its managing director, Hadiza Bala Usman, has said. According to Usman, the support for the completion of the deep sea ports was necessary considering their importance to...

Apapa port records N36bn export in first quarter

The Apapa Area Command of the Nigeria Customs Service (NCS) said its record shows that a total of 280,000 metric tons of various export with a total Free on Board (FOB) value of $115.1 million (about N36 billion) was shipped through the Lagos Port...

CMA CGM signs deal to operate in Nigeria’s Lekki Port’s future container terminal

Lekki Port: Nigeria’s first deep sea port and Sub-Saharan Africa’s deepest port •A strategic choice for the development of CMA CGM’s operations in Africa’s largest economy and West Africa’s first consumer market •CMA CGM, second shipping company in Nigeria and on the African market The CMA CGM...

Benefits of Lekki Deep Seaport To Nigerian Economy – Osinbajo

170,000 direct and indirect jobs Vice President Yemi Osinbajo has explained how the Lekki Deep Seaport will benefit Nigerians and the nation’s economy. Professor Osinbajo spoke on Thursday at the official flag-off ceremony for the construction of the port in Lagos, the nation’s commercial capital. He...

Why we sealed Cosco premises -Nigeria Shippers’ Council

Lagos — The Nigerian Shippers’ Council, NSC, Compliance, Monitoring, and Enforcement Division has recovered $23,000.00 from Cosco Shipping Company as overbilling demurrage charges for Sunflag Steel Limited, in Lagos. The Deputy Director, Compliance, Monitoring and Enforcement Division, Chief Cajetan Agu recently led the team that...
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