Foreign Freight Dominance Costs Nigeria $86bn Annually Nigerian shipowners have said the country is losing about $86bn annually to foreign dominance in the freight forwarding business. They said the Federal Government’s inaction and unfriendly policies had stifled the growth of local operators, resulting in the county’s...

'N1trn Lost Annually to Poor Maritime Infrastructure'   Nigerian shipowners have said that the country’s maritime sector is losing about N1tn annually due to poor infrastructure. The immediate past president of the Shipowners Association of Nigeria, Greg Ogbeifun, said this on Tuesday in Lagos at the national...

Ship Owners Protest 15% Customs duty ….As foreign vessels pay 1% Ship-owners Association of Nigerian, SOAN, has called for the review of the law that imposes high Customs duty of 15 percent on importation of Nigerian flagged vessels, whereas vessels flying foreign flags are required...