Business Hilights

Tracking Nigeria's Headline Business News Online

The Maritime Fund (TMF)

Best form of repositioning NIMASA is to disburse TMF, CVFF, Experts tell DG

Leading maritime stakeholders have described the definition of Nigerian Maritime Administration and Safety Agency’s (NIMASA) core mandate of advancing Nigeria’s global maritime goals by the Director General, Dr Dakuku Peterside as false. The DG had at a media chat in…

NIMASA’s Medium Term Strategy Plan’s silence on CVFF minus for local shippers

After a technical review of the latest Nigerian Maritime Administration and Safety Agency (NIMASA) Medium Term Strategy plan, industry analysts have discovered that it was not developed with development of local shippers in view. This is based on the fact…

Shipping dying in Nigeria due to poor access to funding for new vessels—Ogbeifun

National President of Ship Owners Association of Nigeria (SOAN), Mr. Greg Ogbeifun, has given insights on the reasons behind Nigeria’s failing fortunes in regional and global shipping competitiveness. In an interview, he said the 14 years of non-disbursement of Cabotage…

NPA commissions new vessel acquired by Starz Group, seeks more investments

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, has implored the private sector to take advantage of the enabling environment created by the Muhammadu Buhari administration and invest in the nation’s Maritime sector. Speaking in Onne,…

Nigerian Cadets lack sea time because local shippers’ can’t buy new vessels—Uwadia

Leading maritime stakeholder and President, Association of Marine Engineers and Surveyors (AMES), Charles Uwadia has opened up on why Nigerian Cadets are roaming the streets looking for jobs. In an interview, he said time has come to upgrade the Maritime…

Nigeria may lose out from Abuja MoU over low shipping capacity, infrastructure

Ahead of new drive to harmonize port state control inspection procedures that will lead to the elimination of substandard shipping in the West and Central Africa sub-region, the Abuja Memorandum of Understanding (MoU) will host its 3rd Ministerial Conference and…

NIMASA, BPE pledge to work with Minister’s National Fleet Implementation panel

More agencies of the government have continued to buy into the ongoing activities if the National Fleet Implementation Committee (NFIC) set up by the Minister of Transportation, Rotimi Amaechi to drive return of Nigerian flag on the seas. Addressing a…

Shippers’ query NIMASA’s sources of 5% growth data when they are not empowered

Few days after the Director General of Nigeria Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has come up with Nigerian maritime industry growth projection of 2.5 per cent to five per cent between now and 2019, leading stakeholders…

Minister silent on controversial Israeli security deal, assures secured maritime domain

The Minister of Transportation, Mr. Rotimi Amaechi has assured stakeholders in the maritime sector that the Federal Government will leave no stone unturned in actualizing its goal for a safer and more secured maritime domain in the Nigeria. Speaking at…

NIMASA mute on CVFF, TMF in growing shippers’ capacity in Blue Economy

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stated that the Agency is taking deliberate steps to work with the Judiciary and other arms of Government to reposition Nigeria’s maritime industry, by…