Few hours after the House of Representatives mandated the Nigerian Maritime Administration and Safety Agency to stop plans to disburse $700m from the Cabotage Vessel Finance Fund, shipowners and master mariners have said they will engage the lawmakers for …
Read More »Heavier fog will affect shipping safety – Study
The Arctic is going to become easier to navigate as the ice recedes, but it is also going to have more heavy fog, which mariners tend not to like, a new study has stated. According to the study published in …
Read More »Shipowners kick as Reps stop $700m cabotage fund disbursement
The House of Representatives has asked the Nigerian Maritime Administration and Safety Agency to stop its plan to disburse the sum of $700m from the Cabotage Vessel Finance Fund. At the plenary on Tuesday, members of the resolved to direct …
Read More »FAAN urges illegal occupants to vacate airport land
The Federal Airports Authority of Nigeria has issued a warning to all illegal occupants of airport lands to vacate the premises for their own safety and security. In a statement on Tuesday, the General Manager of Corporate Affairs, Faithful Hope-Ivbaze, …
Read More »EU calls for improved maritime security in Nigeria
The European Union through the West and Central Africa Port Security, has stressed the need for an improved security measures in the country’s maritime domain. EU said this on Thursday in Lagos during the closing ceremony of the WeCAPs first …
Read More »After $800m palliative, FG suspends subsidy, cites wrong timing
• New government may spend N3.5 trillion in supplementary subsidy budget • MOMAN says incoming government best to plan, implement subsidy removal • Lawal, others laud suspension of subsidy removal • We’ll study it first before taking position, says …
Read More »African governments urged to simplify maritime transport for AfCFTA’s success
• MOWCA faults Nigeria’s Cabotage Act for promoting foreign vessels For African Continental Free Trade Area (AfCFTA) to thrive, member states must create an enabling environment for the simplification of the intra-Africa movement of goods and persons. The Secretary …
Read More »IMO members urged to upgrade shipping decarbonisation strategy
The International Maritime Organisation (IMO) has urged member states to upgrade strategy and speed up their digital transformation to meet the challenge of decarbonising the shipping industry. The Secretary General of IMO, Kitack Lim, made the call at the …
Read More »Seme Customs intercepts N10m cannabis at Badagry, arrests four suspects
The Seme Command of Nigeria Customs Service (NCS) has intercepted 553 parcels of cannabis sativa worth N10 million at Badagry, Lagos State. The Customs Area Controller of the command, Dera Nnadi, who disclosed this in a statement at the weekend, …
Read More »Demand for MT Heroic Idun detained crew intensifies
The Federal Government is under intense pressure to release the rogue tanker, MT Heroic Idun, arrested last year for attempting to lift crude oil in Nigeria waters without clearance.The Nigerian Navy had arrested the crude oil tanker on August …
Read More »Edo NSDP beneficiaries to get employment in Benin Port
Chairman of the Benin Port Project, Greg Ogbeifun, has assured Edo State indigenes undergoing the Nigerian Seafarers Development Programme (NSDP) scholarship scheme that they will be engaged as pioneer staff of the Benin Port. Ogbeifun disclosed this recently, saying …
Read More »Terminal operator suspends new fee on imported vehicles
The Ports & Terminal Multipurpose Limited has suspended the additional N50,000 charge per unit on folk-lifted imported used vehicles. Media had reported on Sunday that the terminal, in a notice dated April 17, said the additional charge will take effect …
Read More »50% foreign vessels exit Nigeria, freight hike looms – Shipowners
The President of the Nigerian Chamber of Shipping, Aminu Umar, says rising insecurity and poor government policies have forced about 50 per cent of trading vessels to exit Nigerian waters in the past one year. He said that the …
Read More »Court stops NCAA from issuing AOC to Nigeria Air
A Federal High Court sitting in Lagos has restrained the Director General of Nigeria Civil Aviation Authority, Captain Nuhu Musa, from issuing an Air Operator’s Certificate to the proposed national carrier, Nigeria Air. This development came several months after …
Read More »Eight states got zero investment in four years – Report
At least eight states failed to attract any foreign investments but piled up N194.09bn debt between 2019 and 2022, according to findings by media. Data from the Capital Importation reports of the National Bureau of Statistics revealed that Bayelsa, Gombe, …
Read More »Approval Of $3.1 billion e-Customs project stirs fresh controversy
Notwithstanding a subsisting court order, the Federal Executive Council (FEC) has approved the E-Customs Modernisation project worth $3.1 billion, leaving much to be desired about the controversial project. Briefing journalists at the end of the meeting presided over by Vice …
Read More »Clearing agents, maritime workers clash over freight charges
A proposed increase in freight charges has caused conflict between members of the Maritime Workers Union of Nigeria and clearing agents. The President General of MWUN, Adewale Adeyanju, on Wednesday, cited members’ welfare, among others as reasons for the proposed …
Read More »FEC okays N142bn e-Customs project
The Federal Government, on Wednesday, in Abuja, approved an e-Customs modernisation project worth at least N142.24bn amid reports of an existing court order restraining it from proceeding with the project. The Minister of State, Budget and National Planning, Clem …
Read More »Nigeria, others to rake in $4.2 billion from open market treaty
The African Civil Aviation Commission (AFCAC) said the implementation of the Single African Air Transport Market (SAATM) will contribute $4.2 billion to the continent’s Gross Domestic Product (GDP), create 600 million jobs and, grow air traffic by 51 per cent …
Read More »NSC allays fear of additional charges on cargo tracking note
The Executive Secretary, the Nigerian Shippers’ Council (NSC), Emmanuel Jime, has assured shippers and manufacturers that shipping companies will bear the cost of the Cargo Tracking Note (CTN) when implemented. Jime gave the assurance when some executive members of …
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