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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