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2 weeks ago | 
thenationonlineng.net | Oluwakemi DAUDA |Faith Yahaya |Ekaete Bassey |Alao Abiodun
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has urged the Ambassador of France to Nigeria, Marc Fonbaustier, on the need to deepening maritime and diplomatic relations between the two countries. Adegboyega hosted the Ambassador in his office in Abuja. The engagement came as Nigeria intensifies its campaign for election into Category C of the International Maritime Organization (IMO) Council, an ambition the Minister firmly anchored during the meeting.
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3 weeks ago | 
thenationonlineng.net | Oluwakemi DAUDA |Ekaete Bassey
The $400 million Cabotage Vessel Financing Fund (CVFF) will be disbursed through 12 Primary Lending Institutions (PLIs). The Fund with a two-year moratorium and an eight-year tenure for the facility will be disbursed by the Federal Government through the Federal Ministry of Marine and Blue Economy in collaboration with the Nigerian Maritime Administration and Safety Agency (NIMASA), shall attract a single-digit interest rate.
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3 weeks ago | 
thenationonlineng.net | Oluwakemi DAUDA |Ekaete Bassey |Alao Abiodun
Minister of Marine and Blue Economy, Adegboyega Oyetola, has declared an imminent end to the longstanding regime of cabotage waivers granted to foreign shipping operators, in a bold push to boost indigenous capacity in the maritime industry,Oyetola made this declaration in Abuja while receiving a high-powered delegation from NNPC Shipping, Swedish maritime giant Stena Bulk, and Caverton Offshore Support Group.
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1 month ago | 
thenationonlineng.net | Oluwakemi DAUDA |Ekaete Bassey
As part of the efforts of the Federal Government to improve efficiency in port operations and promote the ease of doing business, the Ports and Customs Efficiency Committee (PCEC) was inaugurated in Lagos yesterday, by the Vice-President of the Federal Republic of Nigeria, Senator Ibrahim Kashim Shettima. The inauguration took place at the Nigerian Ports Authority (NPA) headquarters in Marina, Lagos.
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1 month ago | 
thenationonlineng.net | Oluwakemi DAUDA |Ekaete Bassey |Faith Yahaya
Minister of Marine and Blue Economy, Adegboyega Oyetola, yesterday directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to commence the process for the disbursement of the Cabotage Vessel Financing Fund (CVFF), which could see indigenous ship owners accessing more than $400 million in strategic funding. NIMASA, in alignment with the minister’s directive, has immediately issued a Marine Notice inviting eligible Nigerian shipping companies to apply.
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2 months ago | 
thenationonlineng.net | Precious Igbonwelundu |Oluwakemi DAUDA
LASWA confirms 19 passengers on board LagFerry boat rescuedNine passengers and rescuers yesterday morning sustained injuries after a Lagos Ferry (LagFerry) boat went up in flames at the Ipakodo Jetty in Ikorodu. The boat, which was loaded and set for Victoria Island, caught fire after a bang inside it about 6:45am. The sound caused pandemonium as passengers scampered to safety with some jumping into the water.
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2 months ago | 
thenationonlineng.net | Oluwakemi DAUDA |Alao Abiodun
The United States Coast Guard has commended the Nigerian Maritime Administration and Safety Agency (NIMASA) for what it described as considerable progress in the implementation of the International Ships and Ports Facility Security (ISPS) Code.
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Mar 4, 2025 | 
thenationonlineng.net | Oluwakemi DAUDA |Ekaete Bassey
The Nigeria Customs Service (NCS) has intercepted a total of 273,670 litres of smuggled petroleum products valued at N273,940,000, across multiple states under its special enforcement initiative, Operation Whirlwind. The Comptroller-General of Customs (CGC), Adewale Adeniyi, made this known at a press conference at the Federal Operations Unit (FOU), Ikeja, Lagos. He emphasised that the fight against petrol smuggling is critical to the country’s sovereignty and energy security.
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Feb 5, 2025 | 
thenationonlineng.net | Oluwakemi DAUDA |Alao Abiodun
The Comptroller General of the Nigeria Customs Service (NCS), Adewale Adeniyi has ordered all Customs Area Controllers (CAC) to sensitise importers and stakeholders about the recently introduced 4 percent Free On Board (FoB) levy. The CG in a circular NCS/FATS/ABJ/S.797, signed by Deputy Comptroller-General Finance, Admin and Technical Services, B.M Jibo, said the 4% Free on Board (FOB) levy is aimed at enhancing revenue generation and ensuring compliance with the NCS Act 2023.
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Jan 28, 2025 | 
thenationonlineng.net | Chikodi Okereocha |Nduka Chiejina |Oluwakemi DAUDA |John Ofikhenua
Importers, agents get Customs’ 30-day deadline to clear consignments Minister of Marine & Blue Economy, Adegboyega Oyetola, yesterday said the implementation of the National Single Window (NSW) initiative, a centralised electronic trade platform designed to streamline trade processes for importers and exporters, will boost the Federal Government’s revenue generation by $3 billion annually.
