Lagos, Nov. 5, 2025 – The Nigerian Maritime Administration and Safety Agency (NIMASA) has identified the judiciary as a major partner in the realization of the benefits of the Blue Economy in Nigeria. Dayo Mobereola, its Director General, said this at the 4th Edition of the Admiralty Law Colloquium in Lagos with the theme “Charting the Course of Nigeria’s Blue Economy”, a reflection of the increased national attention to the potential of the maritime industry in driving economic development. Delivering the welcome address, Mobereola said: “Nigeria’s Blue Economy requires an all hands …
NIMASA accredits 27 registered shipyards for operation in Nigeria
Lagos, Nov. 3, 2025 – The Nigerian Maritime Administration and Safety Agency (NIMASA) has accredited 27 registered shipyards across the country. NIMASA disclosed this in a statement at the weekend. The statement said the accreditation was in accordance with its mandate enshrined in Section 22 of the NIMASA Act, 2007, and Sections 335-339 of the Merchant Shipping Act, 2007, which gives the Agency statutory powers to regulate, license, inspect and enforce standards for shipyard operations in Nigeria. Out of the 27 accredited facilities, 10 are located in Lagos State, 8 in Rivers State, and 9 …
Adeniyi, Customs boss, extols collaboration with NACCIMA
Abuja, Aug. 25, 2025 – Adewale Adeniyi, the Comptroller-General of Nigeria Customs Service (NCS), has extolled the collaboration between the NCS and NACCIMA. He said such collaboration would enhance trade facilitation, revenue generation and border management Adiniyi expressed this while receiving Jani Ibrahim, the new National President of NACCIMA, who paid a courtesy visit in Abuja. According to a statement issued by the NCS on Sunday, the Customs boss also commended NACCIMA for its endorsement of the NSC reforms. “When I assumed office, one of the first things I was …
Lekki Port to generate $200bn revenue over its 45-year concession period
Lagos, Aug. 21, 2025 – The Lekki Port in Lagos is projected to generate $200 billion revenue over its 45-year concession period. Adegboyega Oyetola, the Minister of Blue and Marine Economy, said this in Lagos during a breakfast meeting organised by the Nigerian Chamber of Shipping in collaboration with Lekki Port. According to a statement from his ministry, the minister said the port had assisted in resolving the challenge of congestion formerly experienced in other ports in Lagos, while simultaneously enhancing Nigeria’s competitiveness as a logistics hub. “Lekki is already …
Tinubu inaugurates WAGL’s 40,000 CBM LPG vessel in South Korea
…Lauds company’s partners for expanding Africa’s role in clean energy Abuja, Aug. 18, 2025 – President Bola Tinubu says Nigeria is poised to deliver clean and sustainable energy solutions not just in-country but also across Africa and beyond. The President made the remarks in Ulsan, South Korea, on Monday while inaugurating a 40,000 cubic meters (CBM) Liquefied Petroleum Gas (LPG) vessel, christened “MT Iyaloja (Lagos),” According to a statement issued by the NNPCL in Abuja, the vessel owned by WAGL Energy Limited (an NNPC Ltd. /Sahara Group Joint Venture) is …
Tinubu’s National Single Window initiative, a major step toward trade facilitation, efficient port operations -TMSG
Abuja, Aug. 4, 2025 – The Tinubu Media Support Group (TMSG) has described the new National Single Window project as a major step in transforming the economy through removal of trade barriers. The group made the observation in a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo. It said Nigerians will start enjoying efficient transactions at the nation’s ports from the next few months. The TMSG said: “After 15 months of coordinated work, Nigeria is now on the verge of removing all barriers to effective trade by …
FG commits to reform of Nigerian port system to enhance trade facilitation, boost transparency
Abuja, June 30, 2025 – The federal government is committed to institutional reform of the Nigerian port system to enhance trade facilitation and boost transparency. Adegboyega Oyetola, the Minister of Marine and Blue Economy, said this in Abuja on Monday while inaugurating the newly constituted governing board of the Nigerian Ports Authority (NPA). He said the reform of the port system would also unluck the full potential of Nigeria’s marine and blue economy. The minister advised members of the new board to approach their assignment with discipline, focus, and a …
Sanwo-Olu seeks West, Central African collaboration on ferry safety
Lagos, June 25, 2025 – Gov. Babajide Sanwo-Olu of Lagos State Governor has advised West and Central African countries to forge common safety frameworks and share intelligence data essential to revolutionise ferry operations in the region. He made the appeal in Lagos on Wednesday at the Regional Ferry Safety Conference. The conference was organised by the Lagos State Waterways Authority in conjunction with Maritime Organisation of West and Central Africa and Interferry. It had the theme, ‘Charting Safer Waters: Advancing Ferry Safety through Innovation, Collaboration and Integrated Transport Solutions’. The …
US importers race to create bonded warehouses amid Trump tariffs
London/New York, May 21, 2025 – Companies importing goods into the United States from China are rushing to convert warehouses into facilities that are exempt from President Donald Trump’s tariffs until they are ready to sell the merchandise. The U.S. has more than 1,700 bonded warehouses, facilities where imported goods can be held without immediate payment of customs duties such as tariffs, currently 30% for shipments from China. Such fees are only paid when the goods leave the bonded warehouse, allowing businesses to manage funds more effectively at a time …
FG directs disbursement of N400m Cabotage Fund
Lagos, April 16, 2025 – Adegboyega Oyetola, the Minister of Marine and Blue Economy, has directed the disbursement of the Cabotage Vessel Financing Fund (CVFF) estimated at over $400 million. The minister gave the directive to the Nigerian Maritime Administration and Safety Agency (NIMASA) on Tuesday. The minister said the commencement of disbursement of the CVFF, would be in line with the intentional best practices and facilitate the achievement of economic agenda of President Bola Tinubu. “This is not just about disbursing funds. It’s about rewriting a chapter in our maritime …