Tag: Maritime

Omatseye Insists CVFF Was Converted Into Naira
November 1, 2026 No Responses

Omatseye Insists CVFF Was Converted Into Naira

Former Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Temisan Omatseye, has insisted that all dollar-denominated funds received under the Cabotage Vessel Financing Fund (CVFF) were converted into naira during his tenure, saying the exercise was carried out on the...
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NPERA Tasks. Akwa Ibom Maritime Stakeholders On Sector Development
October 31, 2026 No Responses

NPERA Tasks. Akwa Ibom Maritime Stakeholders On Sector Development

The Director-General/Chief Executive Officer of the Nigerian Ports Economic Regulatory Agency (NPERA), Dr Pius Akutah, MON, has urged maritime stakeholders in Akwa Ibom State to strengthen collaboration with the Agency to develop local capacity, address infras...
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SCAN Seeks Affordable Financing, Policy Reforms For Indigenous Shipowners
October 30, 2026 No Responses

SCAN Seeks Affordable Financing, Policy Reforms For Indigenous Shipowners

The Shipping Correspondents Association of Nigeria (SCAN) has called for affordable financing, regulatory reforms and improved maritime infrastructure to strengthen the capacity of indigenous shipowners and enhance their competitiveness in the Nigerian shippin...
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UBA Reaffirms Commitment To Financing Indigenous Shipowners
October 30, 2026 No Responses

UBA Reaffirms Commitment To Financing Indigenous Shipowners

By ebosele@hotmail.com The United Bank for Africa (UBA) Plc has reaffirmed its commitment to supporting indigenous shipowners through tailored financing solutions, trade facilitation and advisory services aimed at strengthening their competitiveness and expand...
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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 intere...
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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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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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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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NIMASA Detains Vessels Over Cabotage Violations
October 22, 2026 No Responses

NIMASA Detains Vessels Over Cabotage Violations

The Nigerian Maritime Administration and Safety Agency has conducted a targeted enforcement operation code named Operation Sea Guardian in order to enforce compliance with maritime regulations in Nigeria waters.The operation which focused on vessels of interes...
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Oyetola, Agbakoba, Omatseye, Others For 2026 SCAN Summit
October 18, 2026 No Responses

Oyetola, Agbakoba, Omatseye, Others For 2026 SCAN Summit

By ebosele@hotmail.com The Minister of Marine and Blue Economy, Adegboyega Oyetola, will attend the 2026 Summit of the Shipping Correspondents Association of Nigeria (SCAN) as Special Guest of Honour, with stakeholders expected to explore solutions to the fina...
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Stakeholders Seek Reforms To Grow Maritime Economy
October 17, 2026 No Responses

Stakeholders Seek Reforms To Grow Maritime Economy

MARITIME stakeholders have called for effective implementation of shipping policies to boost indigenous participation and accelerate Nigeria’s blue economy growth.They made the call at a panel session during the 2026 World Maritime Day celebration on Friday ...
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Oyetola Unveils NPERA Logo, Harps On Port Reforms
October 16, 2026 No Responses

Oyetola Unveils NPERA Logo, Harps On Port Reforms

The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has unveiled the newly gazetted Nigeria Ports Economic Regulatory Agency (NPERA) Act, 2026, alongside the agency’s official logo, describing the development as a significant milestone in efforts...
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FG Reaffirms Commitment To Modernising Ports Outside Lagos
October 16, 2026 No Responses

FG Reaffirms Commitment To Modernising Ports Outside Lagos

By ebosele@hotmail.com The Minister of Marine and Blue Economy, Adegboyega Oyetola, has reaffirmed the Federal Government’s commitment to modernising ports outside Lagos to strengthen maritime infrastructure, improve trade efficiency and stimulate economic g...
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