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Maritime
NPA Unveils Two Tug Boats for Port Security and Trade Facilitation.
The Nigerian Ports Authority (NPA) has put two newly purchased bollard pull tug boats into service in an effort to…
Stakeholders Criticize the FG Regarding the $3.2 billion Project to Modernize…
Stakeholders in the nation's marine sector have criticized the Federal Government over the $3.2 billion Nigeria…
Shipowners estimate that $20 million is spent each year on vessel repairs.
Despite the Nigerian Maritime Administration and Safety Agency's (NIMASA) acquisition of a N50 billion floating…
According to NSC, demurrages cost N2.7bn in the past two years.
The Nigerian Shipper's Council said that between 2020 and 2022, it saved a staggering N2.7 billion. The fund might…
CBN Penalizes Shipping Companies that Export Illegal Cargoes from Nigeria.
CBN Governor, Godwin Emefiele, while speaking at the RT200 non-oil export summit 2023 in Abuja with the theme…
FG Plans to Build Another Sea Port in 2026 – NPA.
According to the Nigerian Ports Authority, the federal government plans to build another deep-sea port within the…
FG Fines Oil Companies N22 billion for Gas Flaring.
The Federal Government will punish oil and gas companies operating onshore for flaring 24 billion SCF of gas…
Nigeria: Maritime Operators will Receive $700 million for Vessel Acquisition.
The Federal Government has said operators in the maritime sector may get about $700m to acquire new vessels. At…
IATA Warns Nigeria as Airlines Trapped Funds Hit $802m
The International Air Transport Association, a trade organization for international airlines headquartered in…
Seafarers Claim that 4,000 Ships Berth in Lagos Ports Each Year.
The Mission to Seafarers, Lagos, a maritime organization, has revealed that 4,000 ships call at Lagos ports each…
Costs Rise as Foreign Airlines Increase the Currency Rate.
Over $743 million in stranded cash were being used by international airlines coming into Nigeria as of January…
Travel Agencies Should Give Foreign Airlines Discounted Rates.
Mr. Yinka Ladipo, the Chief Executive Officer of Dart Logistics Limited and Finance Secretary of the National…
Shipowner Dispute Over $350 million Maritime Fund Distribution.
The Maritime Administration and Safety Agency wanted to merge with the Nigerian Indigenous Shipowners Association…
Foreign Vessels Transport 98% of Nigerian Crude.
Anthony Onoharigho, a chartered marine surveyor and ship captain, revealed that 98% of the crude oil lifted in…
Why Nigerian Ships are Unable to Lift Crude-Ex-COMD-NNPC.
According to Kon Bob-Manuel, a former general manager of shipping and terminal operations for the Nigerian…
NIMASA: The Key to Effective Port and Flag Administration is Standardized Digital…
According to Dr. Bashir Jamoh, Director General of the Nigerian Maritime Administration and Safety Agency…
Domestic Airfares are Up 97%, According to NBS
According to the National Bureau of Statistics' most recent data, which was released, the average price of a plane…
Nigeria, Saudi Arabia Sign MoU on Aviation Security.
A Memorandum of Understanding was signed by the Nigerian and Saudi Arabian air accident investigation bodies in…
Africa’s LNG Export to be Driven by Nigeria, Algeria, and Egypt.
NIGERIA, Algeria and Egypt, have been tipped to drive Africa's Liquefied Natural Gas, LNG, export in the short…
Nigerian Reps look Into NPA’s $800 million Port Operator Debt.
The Nigerian Ports Authority is allegedly indebted over $800 million in debt to port operators, according to the…
As a Hydro Plant Shuts Down, the Electricity Situation in Zimbabwe will Get Worse.
After the organization in charge of managing southern Africa's largest dam ordered the halt of electricity…
Nigeria Opens its First Deep Sea Shipping Port.
Nigeria's first deep sea port was turned over to the government by China Harbor Engineering Company Ltd. (CHEC)…
FG Charges 16 Foreigners with Oil Theft and Detains the Vessel.
16 foreigners have been charged by a Federal High Court in Port Harcourt, Rivers State, with offenses that include…
Stakeholders want Nigeria to Adopt Ghana’s Port System.
Stakeholders have advocated for Nigeria to adopt Ghana's Single Window System and Trade-Net, an electronic data…
Core Capital goods shipments and orders increased in the United States in August.
According to the data, company spending on equipment likely increased in the third quarter, allaying concerns that…
‘Glimmer Of Hope’ As Ukraine Grain Ship Leaves Odesa Port.
The first ship to carry Ukrainian grain through the Black Sea since Russia invaded Ukraine five months ago; left…
FG Says It Used $35 Million From Excess Crude Account To Purchase Offshore Patrol…
The Federal Government has responded to reports that the Excess Crude Account has dropped from $35.7 million to…
FG Shuts Oil Firm Over Illegal Offshore Operations- Nigeria.
THE Federal Government has shut down Scorpion Oil Services for carrying out offshore operations without approval…
Trade Unions Pull Out Of Maritime Council Over Breach Of Agreements
Maritime Workers Union of Nigeria says it has withdrawn its membership from the Council of Maritime Transport…