N50bn Modular Floating Dock To Generate N1bn Monthly – NIMASA Boss   The Nigerian Marítime Administration and Safety Agency (NIMASA), has disclosed that the N50billion modular floating dock would generate a whopping N1billion monthly into the federation account. Speaking at the Institute of Maritime Studies (IMS), University...

Maritime Operators To Get $700m For Vessel Acquisition – Fed Govt   The Federal Government has said operators in the maritime sector may get about $700m to acquire new vessels. The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr Bashir Jamoh, said this...

Audit Query: Senate Orders NIMASA DG’s Arrest Over $9.305bn Loss   The Senate through its Panel on Public Accounts has ordered the arrest of the Director-General of the Nigerian Maritime and Safety Agency, Dr Bashir Jamoh, for allegedly paying $5mn to a legal firm as a...

Fed Govt Considers Zero Import Duty For Ships, Spare Parts       The federal government may soon announce a zero-import duty on all imported new vessels and spare parts of vessels. The move is aimed at boosting efforts of indigenous shipping firms, said Director General of the Nigerian...

Nigeria, Others Lost $793.7m To Maritime Insecurity – NIMASA DG       Nigeria and other countries on the shores of the Gulf of Guinea lost $793.7m in 2016 as a result of maritime insecurity, the Nigerian Maritime Administration and Safety Agency has said. The Director-General, NIMASA, Dr Bashir...

Shipping Sector Can Earn 75% Of Oil Revenue, Says NIMASA DG       The shipping sector in Nigeria can produce 75 per cent of the country’s earnings from the oil sector, the Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Bashir Jamoh, has said. He stressed...