MARITIME

The Federal Ministry of Transportation is proposing tax incentives for the maritime industry to stimulate investment and boost activities, amid downturn caused by COVID-19 pandemic. The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, disclosed this in a statement in Lagos on Wednesday. Jamoh who...

  By Olisa Agbakoba Legal   Two fundamental concepts are related to the law and practice of ship arrest in maritime law. The first is that it is an action in rem. The second is that its rules and procedures fall largely under the admiralty jurisdiction of states. There is...

The Association of Nigerian Licensed Customs Agents (ANLCA) on Thursday said that the recent policy of the Central Bank of Nigeria (CBN) on Form M, would adversely affect trade and reduce the nation’s import volume. The National Vice President of ANLCA,  Dr Kayode Farinto disclosed this in a statement in...

Kano State Executive Council has approved over N2.3 billion for the provision of infrastructure at the site for the Inland Dry Port in Kumbotso Local Government Area in the state. This is contained in a statement signed by the state Commissioner for Information Malam Muhammed Garba, made available to the...

The National Association of Government Approved Freight Forwarders (NAGAFF) has threatened to expel any of its member found to be involved in any port operations disorder. Rev. Emma Agubanze, Head of Special Duties, NAGAFF, gave the threat on Tuesday in Lagos. Agubanze said that the recent increase in exchange rate...

Dr Dakuku Peterside on Tuesday bowed out as the Director- General (D-G) of the Nigerian Maritime Administration and Safety Agency (NIMASA) as his tenure came to an end. The News Agency of Nigeria (NAN) reports that Dakuku was appointed as the D-G of NIMASA on March 10, 2016. His replacement,...

The Association of Nigerian Licensed Customs Agents  (ANCLA) has said that the ban on motorcycles and tricycles in some parts of Lagos State will cripple cargo clearance at the Lagos ports. The Vice-President of the association, Mr Collins Farinto, said this on Wednesday in Lagos. Farinto told the News Agency...

  The Nigerian Maritime Administration and Safety Agency (NIMASA) on Friday said the Final Billing System (FBS) would ensure immediate closure of all vessel’s transactions within two weeks. The Director-General of NIMASA, Dr Dakuku Peterside, made this known during a media briefing on the achievements and upcoming Annual Dinner and...

The National Bureau of Statistics (NBS), said on Friday that total imports into the country in the third quarter of 2019 decreased by 2.70 percent, while exports of other oil products rose by 6.14 per cent. The Bureau which stated this in a report released in Abuja on Friday added...

A new report by Fitch Ratings has predicted that world outlook for shipping in 2020 may be negative. The rating agency noted that several factors would be responsible for the situation, listing the major ones as; slowing global economic growth, trade tensions and geopolitical risks that will lead to subdued...