Category: Maritime

Shipowners needs four years for vessel acquisition due to fund shortage  says NIMASA

Nigerian shipowners will need an additional N904 billion in addition to the N36 billion accrued in the Cabotage Vessels Financing Fund (CVFF) to acquire vessels needed for the maritime industry in the next four years, a report has shown. This is as the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Peterside…

Nigerian ports boast $15bn facilities, says NPA

Nigerian Ports Authority has said that Nigerian ports boast $15bn facilities that aid 85 per cent of imports into the country. The Managing Director, NPA, Hadiza Bala-Usman, disclosed this at a presentation of a book titled, ‘Footprints of President Muhammadu Buhari in the Maritime Sector,’ organised by a maritime writers’  group, SCAN, in Lagos. The…

Ocean & Cargo Formally Takes Over Warri Terminal

….NPA calls for host community support, BPE to monitor for compliance L-R: Adekunle Oyinloye, Group Managing Director, SIFAX Group; Alex Okoh, Director-General, Bureau of Public Enterprise; Dr. Taiwo Afolabi (MON), Group Executive Vice Chairman, SIFAX Group and Ms Aina Egharevba, Director, Ocean & Cargo Terminal Services Limited during the formal handing over of Terminal B,…

NIMASA READS RIOT ACT TO STAKEHOLDERS IN SHIPPING BUSINESS THAT NO MORE VESSEL WAIVERS FOR CABOTAGE IMPLEMENTATION

…Commences clampdown on erring vessels.  After several warnings the Nigerian Maritime Administration and Safety Agency NIMASA has commenced clampdown on vessels that do not comply with the provisions of the Cabotage Compliance Strategy introduced last year to ease the implementation of the Cabotage Act 2003 in Nigeria. The Director-General of NIMASA, Dr. Dakuku Peterside, has…

PTML Customs Command Generates 49 Percent Growth To Close At N15Bn In Revenue In January 2019

The Port and Terminal Multiservices Limited (PTML) Command of the Nigeria Customs Service has released its financial performance for the month of January 2019 which stood at N14, 850,154,616.00 (Fourteen billion, eight hundred and fifty million, one hundred and fifty four thousand, six hundred and sixteen naira, no kobo) accounted for N9, 967, 7 516,491.00…