Business Hilights

Tracking Nigeria's Headline Business News Online

Aminu Umar

We lose one third of our earnings to piracy on Nigerian waters—NISA cries out

President of the Nigerian Ship Owners’ Association (NISA), Aminu Umar has opened up on the security challenges faced by indigenous and foreign shippers navigating along the Nigerian territorial waters especially in Niger Delta region. In an interview, he decried that…

Nigeria has between 20 to 25 verifiable ship owners that need CVFF—Umar

More clarity has emerged on why the idle $100m Cabotage Vessel Financing Fund (CVFF), domiciled in Nigerian Maritime Administration and Safety Agency (NIMASA), need to be immediately disbursed. In an interview with the President of Nigerian Shippers Association (NISA), Aminu…

Finally, NISA joins SOAN to worry NIMASA on $100m CVFF disbursement

The President of Nigerian Shipowners Association (NISA), Aminu Umar, who recently passed a vote of confidence on the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) for his good leadership, has now voided his vote by aligning with…

NIMASA killing shipping industry by withholding $100m cabotage fund—NSIA

There are serious indications that the current leadership of the Nigeria Maritime Administration and Safety Agency (NIMASA), may have balkanized the togetherness existing between all associations of ship operators in Nigeria. Otherwise, since this year, discordant voices have been coming…

NISA boss decries non presence of Nigerian players in crude oil lifting, CVFF delay

The continued discouragement of indigenous shippers due to the official silence of Nigerian Maritime and Safety Administration (NIMASA) in the disbursement of the Cabotage Vessel financing Fund (CVFF) domiciled in the agency has been fingered as one of the key…