The Nigerian shipowners will need an additional N904 billion to the N36 billion accrued in the Cabotage Vessels Financing Fund (CVFF) to acquire vessels needed for the maritime industry in …
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President Muhammadu Buhari has said that his administration will continue to implement policies that attract investment and spark competition in critical sectors of the economy for employment creation and growth. …
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President Muhammadu Buhari says Nigeria is too big and too diverse to blindly sign agreements without understanding the consequences of such actions. The president said this when he received representatives …
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As part of the efforts to restore the confidence of foreign investors in Nigeria’s free zones, the Nigerian Export Processing Zones Authority (NEPZA) has set up a committee to probe …
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By Margaret Nongo-Okojokwu Fugro has announced a new move to stimulate business development in Nigeria’s marine industry with a new agreement with Jagal, an established Nigerian corporation that operates leading …
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Nigeria Maritime Administration Safety Agency (NIMASA) Director-General (DG) Dr Dakuku Peterside has developed a blueprint that will enable the country make over $400 million yearly from ship chandling. A senior …
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The newly established national carrier, Nigeria Air Limited, will be financed through a mix of government budgetary provision, private equity debt arrangement and finance syndication from a consortium of regional …
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Until inter-modal transport system is developed in Nigeria, the path to sustainable development will remain a mirage, Hassan Bello, executive secretary of Nigerian Shippers Council, has said. “Unless we address …
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Norway’s Bergen Group has entered into an agreement with its compatriot oil service company Endúr Fabricom for a merger between the two companies. Bergen Group, an industrial group based in …
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