Lawmakers Pass Bill to Restrict Foreign Vessels in Nigeria’s Coastal Waters   The House of Representatives has taken steps to strengthen Nigeria’s shipping sector with a proposed amendment to the Coastal and Inland Shipping (Cabotage) Act, 2003 to restrict operations of foreign vessels in domestic...

'Local Insurers Lose $60m Yearly To Foreign Vessels'   An Executive Partner, Alfam Insurance Plc, Gbolaham Adu, has said indigenous insurance companies lose about $60m of potential annual revenue to their foreign counterparts. According to him, this is because foreign-owned tankers lifting crude in the nation do...