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Amaechi officially resigns as transportation minister
17th May 2022 Frontline Presidential aspirant on the platform of All Progressives Congress (APC), Rt. Hon. Chibuike Rotimi Amaechi, on Monday 16th May 2022, officially resigned his position in the cabinet of President Muhammadu Buhari as the Minister of Transportation to focus on his aspiration to contest for the 2023 presidency. In a press statement… Continue reading
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NIMASA invests over N150b to end war risk insurance on Nigeria-bound cargoes
May 17, 2022 The Nigeria Maritime Administration and Safety Agency (NIMASA) has invested over N150billion to end the War Risk Insurance on Nigeria-bound cargoes, it was learnt. The cost of the contract awarded by NIMASA for Deep Blue Project, according to the agency, was $195 million with 10 per cent management fee and other auxillary… Continue reading
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Regaining N130bn Transit Cargoes With Lekki Deep Seaport
16th May 2022 Another major revenue earner at the nation’s seaports is transit cargoes. Nigeria generates huge revenue from cargoes meant for countries that are landlocked. The countries are Chad, Niger, Central Africa Republic (CAR), among others. However, Nigeria has continued to lose its cargo revenue and investments to neighbouring countries due to multiple bottlenecks… Continue reading
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FG Urges IMO To Retrain Port State Control Officers
May 16, 2022 Worried by lack of training and retraining of personnel in Ports State Control in Nigeria’s maritime industry, the Federal Government has charged the International Maritime Organisation (IMO) to remain committed to the training and retraining of Ports State Control Officers.This, the government said, is in a bid to aid effective and efficient… Continue reading
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NPA deploys digital tech, facilities to reduce shipping cost
15 May 2022 To Rehabilitate Apapa, Tincan PortThe Nigerian Ports Authority (NPA) has revealed plans to reduce the cost of shipping in Nigeria with the deployment of more digital technology and critical facilities at the nation’s seaports. Managing Director, NPA, Mohammed Bello-Koko, during a media parley in Lagos, said the authority is about to deploy… Continue reading
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Abuja MoU: Harmonizing port State control and flag State implementation
14th May 2022 Heads of Maritime Administrations in West and Central Africa have discussed port State control and flag State implementation during a three-day regional workshop in Lagos, Nigeria (9-11 May). The main objective of the workshop was to provide a platform to create awareness on the duties and responsibilities of the Heads of Maritime… Continue reading
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Nigerian economy loses $68 billion revenue in freight earnings
May 14, 2022 Lagos, May 12, 2022 Experts on Thursday urged stakeholders in maritime sector to harness its full potential to achieve the desired economic growth for the country. The experts said this at a virtual forum of the Nigeria Bar Association Section on Business Law (NBA-SBL) with the theme: “Role of the Maritime Sector… Continue reading
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Amaechi, other Ministers resign, fate of NIMASA DG unknown
13th May 2022 Nigeria’s Minister of Transportation, Chibuike Rotimi Amaechi, on Wednesday resigned as a minister to contest the 2023 presidential election. Amaechi resigned his position following President Muhammadu Buhari’s directive that all cabinet members and political appointees vying for elective offices in the elections must resign on or before May 16. The President’s directive… Continue reading
Nigeria Maritime Online 