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Monday, September 21, 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...

Foreign shipping firms top NSC’s complaints log

Foreign shipping firms in Nigeria topped the complaints chart by maritime stakeholders to the Nigerian Shippers’ Council (NSC) in the second half of last year. According to the log, from 150 complaints received within the period, 89 were about shipping companies. The complaints were...

Nigeria in Talks with World Bank for Fresh $2.5 Billion Loan

By Dulue Mbachu Nigeria is seeking concessionary loans to fill revenue gaps Country received $2.4 billion from World Bank in the past year The World Bank and Nigeria are in talks for as much as $2.5 billion in...

Sanwo-Olu seeks approval for Badagry, Lekki Seaports

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday called on the Nigerian Ports Authority (NPA) to accelerate the process of giving approval to the State’s request to build two seaports in Lekki and Badagry. The Governor said the State had already deployed resources and manpower...

Nigeria Seeks to Install Scanners at Seaports to boost ease of doing business

The federal government has been urged to compel the Nigeria Customs Service (NCS) to provide scanners at the nation’s sea ports so as to facilitate trade and enhance the ease of doing business. Speaking at maritime stakeholders’ forum in Lagos, the Managing Director of Nigerian...

With China accounting 30% shipping, Nigeria’s maritime sector threatened with $1.7bn revenue loss over coronavirus

Against rising concerns of a likely impact of COVID-19 disease popularly known as Coronavirus on the global economy, the shipping sector may be at the risk of losing an estimated $1.7 billion revenue if the disease is not stemmed. The most affected could be...

Nigeria’s aviation outlook 2020: National carrier, Infrastructure, Litigation top agenda

As the new year begins, experts and stakeholders in the industry are optimistic that the year will offer a vista of opportunities for great improvement targeted at positoning the sector for greater heights. Government’s initiative to deliver a new national carrier and...

Nigeria’s Buhari imposes cargo vessel restrictions to curb coronavirus spread

LAGOS, March 26 - Nigeria will only allow cargo vessels that have been at sea for more than two weeks to dock in its ports to prevent the spread of coronavirus, President Muhammadu Buhari said on Thursday. Health experts fear a widespread outbreak in...

NPA orders terminal operators to suspend collection of charges

The Nigerian Ports Authority (NPA) has directed all terminal operators to suspend the collection of all applicable terminal storage fees cum demurrage through the period of the extension of the 14 days stay at home order issued by the Federal Government. The Federal Government had...

Jamoh takes over as NIMASA DG, pledges to harness Blue economy

Steve Agbota The newly appointed Director General, Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Bashir Jamoh, on Tuesday assumed office with a pledge to engage more deeply industry stakeholders to come up with policies that would drive the maritime sector forward. The NIMASA...
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