Peterside: NIMASA Generated N22.9bn Revenue In 2018   The Nigerian Maritime Administration and Safety Agency says it generated and contributed over N22.9bn to the consolidated revenue fund in 2018. The Director-General, NIMASA, Dr Dakuku Peterside, described the revenue as the highest-ever contribution from NIMASA since its inception. Peterside,...

Maritime University Will Fulfil Nigeria’s Economic Dream, Peterside says   The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stated that the coming of the Nigeria Maritime University (NMU), at Okerenkoko, marks the launch of an institution of critical importance...

NIMASA To Terminate 16-year Regime Of Cabotage Waivers The Nigerian Maritime Administration and Safety Agency has set a five-year period to finally end the nation’s cabotage waivers regime that has given advantage to foreign vessel ownership for over 16 years. The move is to give full...

Maritime Stakeholders Urge FG To Commence Disbursement Of $124m CVFF   Stakeholders in the maritime and shipping sector of the nation’s economy have called on the federal government to commence the disbursement of the $124 million (N45.26 billion) Cabotage Vessel Financing Fund (CVFF), in line with...

Nigeria’s Seaborne Trade Hits N33.2bn   As Nigeria looks forward to a more robust maritime sector performance this year, facts have emerged that the seaborne trade for the year 2018 stood at N33.2bn ($92m). The Nigeria’s Maritime Industry Forecast, released by the Nigerian Maritime Administration and Safety...

Foreign Shipping Companies Generate $16bn In One Year   Foreign shipping companies operating in Nigeria collected freights amounting to $16.15bn in the country in 2017, our correspondent has gathered. Data from the Nigerian Maritime Administration and Safety Agency have shown that the freight paid to ships carrying...