By Joshua Yousouph Nigeria is losing between $20,000 and $70,000 daily to foreign-owned vessels operating in the country’s maritime trade, even as the country struggles to develop an indigenous fleet capable of carrying its growing cargo volumes. Captain Ladi Olubowale, a maritime industry expert and shipowner, disclosed this at the Maritime Reporters Association of Nigeria…
By Sylva OBASI Notable shipowner and former Chapter President of the African Shipowners Association (ASA), Captain Ladi Olubowale, has said that the $25 million facility under the Cabotage Vessel Financing Fund (CVFF) could be sufficient to acquire a sizeable vessel if the financing is tied to identifiable cargo and long-term trade contracts. Olubowale stated this…
By Sylva OBASI The National Association of Government Approved Freight Forwarders (NAGAFF) has raised an alarm while also appealing to the Comptroller-General of Customs, Bashir ADEWALE ADENIYI to intervene and facilitate the release of eight auction buses allocated to its academy, saying the vehicles got missing in customs custody after the association has completed payment…
