Business Hilights

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Cabotage Vessel Financing Fund (CVFF)

Shipping stakeholders’ cite failures, demand sack of NIMASA DG

Considering the recent failure of Nigeria in winning a Council seat at the International Maritime organization (IMO) election in London where Nigeria went with over bloated delegation of 40 people, and the hard skin being displayed by the Director General…

CILT decries NIMASA’s handling of Cabotage regime, opens up on Expo 2018

The National President of Chartered Institute of Logistics and Transport (CILT), Mr. Ibrahim Abubakar Jibril has decried the unexplainable reasons behind the withholding of Cabotage Vessel Financing Fund (CVFF) by the supervising agency, Nigerian Maritime Administration and Safety Agency (NIMASA)….

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…

NIMASA DG indicts self in London, says Africa not ship financing continent

As Nigerian maritime stakeholders continue to express worry on non implementation of Cabotage Vessel Financing Fund (CVFF), a statutory responsibility of the Nigerian Maritime Administration and Safety Agency (NIMASA), the Director General, Dr. Dakuku Peterside, who spoke at the London…

Disquiet at NIMASA as Appeal Court returns Omatseye’s as NIMASA DG

Since Thursday, yesterday evening, there had been anxiety at the 4, Burma Road, Apapa, national headquarters of the Nigerian Maritime Administration and Safety Agency (NIMASA), following the judgment of the Lagos Division of the Court of Appeal which overturned the…

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…

Transport

SOAN confused, lacks courage to pressure NIMASA for disbursement of CVFF—Observers

Stakeholders in the nation’s shipping industry have decried the high level of sycophancy being displaced by the leadership of Ship Owners Association of Nigeria (SOAN) following the congratulatory message it sent to Dr. Dakuku Peterside, the Director General of the…

Transport

How NIMASA skipped roadmap talks on growing local commercial shipping at AMAA

The 2017 conference of Association of African Maritime Administration (AAMA) hosted by Nigeria Maritime Administration and Safety Agency (NIMASA) in Abuja, has come and gone without serious discussions and roadmap on how to deepen the core functions of the agency….