Appeal Court dashes NIMASA’s hope of generating revenue from oil rigs
Barely few days after a Lagos Federal High Court ruled that oil drilling rig fall within the cabotage regime which means that the NIMASA can collect revenue on rigs as it does on other sea vessels, the Court of Appeal…
More revenues for NIMASA as Court classifies oil rigs as cabotage paying vessels
More reactions have continued to emerge over the recent ruling by a Federal High Court that classified oil rigs as sea vessels liable to complying with the prevailing Cabotage Act of the Federal Government. In his response, the Director-General of…
CVFF account: Minister says empty, NIMASA $124m, ship-owners claims $300m
Confusion is currently brewing within the nation’s maritime sector over the actual value of the Cabotage Vessel Finance Fund (CVFF), a two per cent contributory scheme instituted by law payable by indigenous ship-owners on every contract done in the nation’s…
Experts list five factors frustrating growth of indigenous shipping in Nigeria
Five reasons have been revealed as being the major clogs in the wheel of progress for indigenous shippers, thereby frustrating them in playing the big role in West and Central African coastal trading. In an interview with the managing director…
