Tag: City BusinessNews

CVFF: $350m Fund Converted To Naira, Ex-NIMASA DG Reveals
October 30, 2026 No Responses

CVFF: $350m Fund Converted To Naira, Ex-NIMASA DG Reveals

By ebosele@hotmail.com Former Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Temisan Omatseye, has disclosed that the $350 million Cabotage Vessel Financing Fund (CVFF) was converted into naira to take advantage of higher interest rates in the domestic financial market,...
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NISA Accuses NIMASA Of Undermining Indigenous Shipowners
October 30, 2026 No Responses

NISA Accuses NIMASA Of Undermining Indigenous Shipowners

By ebosele@hotmail.com The Nigeria Shipowners Association (NISA) has accused the Nigerian Maritime Administration and Safety Agency (NIMASA) of undermining the competitiveness of indigenous shipowners through regulatory bottlenecks, warning that such measures,...
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Experts Blame Banks, NIMASA For Delays In Vessel Financing
October 30, 2026 No Responses

Experts Blame Banks, NIMASA For Delays In Vessel Financing

Maritime experts have blamed regulatory uncertainty, delays in vessel financing and stringent banking requirements for the slow growth of Nigeria’s indigenous shipping industry, calling for urgent reforms to improve access to capital and strengthen local ope...
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Lilypond Customs Attains 22.14% Growth In Q3 Export Value
October 29, 2026 No Responses

Lilypond Customs Attains 22.14% Growth In Q3 Export Value

By ebosele@hotmail.com The Lilypond Export Command of the Nigeria Customs Service (NCS) recorded a 22.14 per cent increase in export value to $752.85 million in the third quarter of 2026, up from $586.15 million in the corresponding period of 2025.City...
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NPA, ICNL Deepen Hinterland Connectivity
October 29, 2026 No Responses

NPA, ICNL Deepen Hinterland Connectivity

By ebosele@hotmail.com The Nigerian Ports Authority (NPA) and Inland Container Nigeria Limited (ICNL) have reaffirmed their commitment to strengthening hinterland connectivity, improving cargo evacuation and facilitating trade through enhanced inland dry port ...
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Customs, WCO Strengthen EFCC Partnership Against Money Laundering
October 29, 2026 No Responses

Customs, WCO Strengthen EFCC Partnership Against Money Laundering

The Nigeria Customs Service (NCS), in collaboration with the World Customs Organization (WCO), has sought to strengthen its partnership with the Economic and Financial Crimes Commission (EFCC) to combat money laundering and the financing of terrorism in Nigeri...
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PTDF, UK Explore Partnership On Postgraduate Training, Energy Research
October 28, 2026 No Responses

PTDF, UK Explore Partnership On Postgraduate Training, Energy Research

By ebosele@hotmail.com The Petroleum Technology Development Fund (PTDF) and the British High Commission have explored opportunities to strengthen educational cooperation between Nigeria and the United Kingdom, with emphasis on postgraduate training, joint rese...
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UBTH Seeks Edo Govt Partnership To Strengthen Healthcare Delivery
October 28, 2026 No Responses

UBTH Seeks Edo Govt Partnership To Strengthen Healthcare Delivery

The University of Benin Teaching Hospital (UBTH) has called on the Edo State Government to establish a strategic partnership aimed at improving healthcare delivery and expanding access to essential medical services across the state.The Chief Medical Director o...
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FRSC Dispatches 19,560 Pairs Of Number Plates To FCT
October 28, 2026 No Responses

FRSC Dispatches 19,560 Pairs Of Number Plates To FCT

By ebosele@hotmail.com The Federal Road Safety Corps (FRSC) has disclosed that it dispatched 19,560 pairs of motor vehicle number plates to the Directorate of Road Traffic Services (DRTS), Federal Capital Territory (FCT), in October 2026.According to the Corps...
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NIMASA, ITF Sign MoU To Promote Seafarers’ Wellbeing
October 27, 2026 No Responses

NIMASA, ITF Sign MoU To Promote Seafarers’ Wellbeing

The Nigerian Maritime Administration and Safety Agency (NIMASA) and the International Transport Workers’ Federation (ITF) have formalised a partnership to promote the mental health and wellbeing of Nigerian seafarers and cadets through training, awareness an...
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NEDOGAS MD To Chair Realnews 14th Anniversary Lecture
October 27, 2026 No Responses

NEDOGAS MD To Chair Realnews 14th Anniversary Lecture

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Nigeria Customs, TMPL Test Cutting-Edge Cargo Scanners
October 24, 2026 No Responses

Nigeria Customs, TMPL Test Cutting-Edge Cargo Scanners

A high-powered delegation of experts from the Nigeria Customs Service (NCS) and Trade Modernisation Project Limited (TMPL) recently completed a Factory Acceptance Test (FAT) for the newly acquired Non-Intrusive Inspection (NII) equipment and Electronic Cargo T...
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JPMorgan Gets CBN’s Approval To Establish Merchant Bank In Nigeria
October 24, 2026 No Responses

JPMorgan Gets CBN’s Approval To Establish Merchant Bank In Nigeria

THE Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish a merchant bank in Nigeria, to be known as JPMorgan Merchant Bank Nigeria Limited.This is according to a statement issued by Michael Akuka, the Director, Corpora...
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Oyetola Inaugurates Committee For Nigeria Marine, Blue Economy Expo
October 23, 2026 No Responses

Oyetola Inaugurates Committee For Nigeria Marine, Blue Economy Expo

The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has inaugurated a committee to organise the Nigeria Marine and Blue Economy Expo (NIMBEX), as part of efforts to position Nigeria as a leading destination for maritime investment, innovation and.....
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