By Sylvanus OBASI In recent times, the National Inland Waterways Authority (NIWA) has been grappling with incessant boat mishaps, resulting to countless loss of lives on Nigeria inland waterways. Investigation reveals that the use of unstable boats which are built by artisans without the application of modern principles of boat design and which are in…
By Sylvanus OBASI The Nigeria Customs Service has debunked a media report alleging plans to extend the tenure of current Comptroller-General of Customs, Bashir Adewale Adeniyi, MFR. In a press statement issued recently in response to the publication, customs stated as follows: The attention of the Nigeria Customs Service (NCS) has been drawn to a…
War risk insurance (WRI) is an additional surcharge imposed by international shipping companies on cargo bound for Nigeria. It comprises two key components: war risk liability, which covers people and goods aboard the vessel and is calculated based on the indemnity amount, and war risk hull, which covers the vessel itself and is determined by…
…We Will Sustain Momentum – NIMASA DG. The United States Coast Guard has commended Nigeria, and the Nigerian Maritime Administration and Safety Agency (NIMASA), for what the Coast Guard described as considerable progress in the implementation of the International Ships and Ports Facility Security (ISPS) Code. This was made public by Joe Prince Larson…
By Sylvanus OBASI The Federal Government of Nigeria through its Ministry of Marine and Blue Economy, and the Nigerian Maritime Administration and Safety Agency (NIMASA), has continued its advocacy for the formal designation of seafarers as key workers. This, the government explained, would ensure legal protection, and a harmonized framework between the International Labour Organisation…
By Sylvanus OBASI The Commissioner of Police, Ports Authority Police (Western) Command, CP Ibrahim Balarabe Maikaba has pledged the command’s support for the Maritime Reporters Association of Nigeria (MARAN) and the Godfrey Bivbere led executives of the association. CP Maikaba also commended the oldest maritime journalists beat association for its responsible reportage of the maritime…
…We Must Prioritise Sustainable, Responsible Maritime Practices – Mobereola Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola has called on Maritime stakeholders across Africa to leverage the continent’s renewable energy potential to become a global leader in green shipping. The Minister made the remark at the maiden Africa Strategic Summit on Shipping Decarbonization, held…
By SYlvansu OBASI The Customs Area Controller of the Lillypond Export Command, Comptroller Ajibola Odusanya has said that the command handles nothing else than 70 percent of the tonnage value of export going out of Nigeria. Odusanya who disclosed this during a Roundtable with the members of the Maritime Reporters’ Association Of Nigeria, MARAN at…
By Sylvanus OBASI To the dismay of maritime stakeholders and indigenous shipowners, the rhetoric surrounding the actual disbursement of the Cabotage Vessel Financing Fund (CFVV) continues endlessly. This time, it is coming from the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who once again has rhetorically reaffirmed the commitment…
By Sylvanus OBASI Stanbic IBTC Asset Management Limited, Fund Manager of the Stanbic IBTC Infrastructure Fund has partnered SIFAX Group through its subsidiary, SIFAX Shipping ICT Limited, to facilitate the development of an ultra-modern port terminal on 8.3 hectares of land (~82,846 m²) in Ijora, Lagos. The project encompasses the development of a new container…
