Sylvanus Obasi

Nigeria Losing Up To $70,000 Daily To Foreign Ships – Olubowale

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…

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$25m CVFF Can Acquire Ships If Tied To Cargo, Trade Contracts — Shipowner

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…

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NAGAFF Raises Alarm Over Missing Auction Buses Allocated To Its Academy, Seeks CGC’s Intervention

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…

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NAGAFF President, Ezisi To Receive MARAN Investiture As Patron

By Sylva OBASI The Maritime Reporters’ Association of Nigeria (MARAN) is set to confer the prestigious title of Patron on the President of the National Association of Government Approved Freight Forwarders (NAGAFF), High Chief Tochukwu Ezisi, in recognition of his outstanding contributions to the development of Nigeria’s maritime industry and his commitment to humanitarian causes….

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100 Ibadan Residents Benefit From SIFAX Free Dental Outreach

By Sylva OBASI More than 100 traders and residents of New Gbagi Market, Ibadan, received free dental consultations, preventive oral healthcare and basic medical screenings as SIFAX Group partnered with the University of Ibadan Association of Dental Students (UADS) to deliver a community dental outreach aimed at improving access to oral healthcare. The outreach, held…

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Nigeria Customs Uncovers Shipment Of 399 Jojef Rifles At Tincan Port

By Sylva OBASI In a major blow to illegal arms proliferation, the Nigeria Customs Service (NCS) has on Sunday 9 August, 2026 finalised the coupling and detailed examination of a massive arms haul seized at the Tin Can Island Port Command, uncovering 399 fully assembled Jojef firearms alongside a critical assortment of supplementary rifle parts….

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Customs FOU A Dismantles N3.24Bn Smuggling Ring, Recovers N729M Revenue

By Sylva OBASI In a decisive show of resolve to defend Nigeria’s economic frontiers, the Nigeria Customs Service (NCS) Federal Operations Unit Zone ‘A’ (FOU ‘A’), Ikeja-Lagos, has intercepted 220 consignments of prohibited and smuggled goods valued at N3,237,132,640.00 in Duty Paid Value, while clawing back N728,976,725.03. The operation, anchored on sharpened risk profiling, rigorous…

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NIMASA, MTS Strengthen Partnership On Seafarers Wellbeing

By Sylva OBASI The Nigerian Maritime Administration and Safety Agency, NIMASA has reaffirmed its commitment to advancing the welfare and wellbeing of Nigerian seafarers through stronger collaboration with key maritime stakeholders, including the Mission to Seafarers (MtS). The Director General of NIMASA, Dr. Dayo Mobereola, made this known while receiving the Chairman, Management Committee of…

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NIMASA Reiterates Commitment To Building Globally Competitive Maritime Administration

By Sylva OBASI The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dayo Mobereola has restated his administration’s commitment to building a maritime administration that is efficient, transparent and globally competitive in line with the dictates of contemporary realities. Dr. Mobereola stated this while receiving the leadership of the Alumni Association…

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