CVFF
29 Jan
The management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has met with members of the executive management of Jaiz Bank, United Bank of Africa (UBA), Union Bank, Zenith Bank and Polaris Bank, the Federal Government approved Primary Lending Institutions (PLIs) for the disbursement of the Cabotage Vessel Financing Fund (CVFF).
18 Jan
Media Friends of the late Otunba Kunle Folarin in collaboration with the Nigerian Ports Consultative Council (NPCC) will hold a one-day colloquium in honour of the late maritime expert on January 19, 2023.
15 Jan
Arrangements are in top gear by major stakeholders in the maritime industry to actualise the disbursement of the much-delayed Cabotage Vessel Financing Fund (CVFF) before President Muhammadu Buhari...
11 Dec
President Muhammadu Buhari has approved the immediate disbursement of $350m Cabotage Vessel Financing Fund (CVFF) to indigenous ship owners after 17 years of waiting.
30 Oct
The Federal Government has been urged to map out a framework for disbursement of the cabotage vessel financing fund (CVFF) currently estimated at about $350 million for the development of Nigerian tonnage and coastal shipping.
22 Jun 2022
The Federal Government has remained silent on the implementation of the national fleet after five years, as well as the disbursement of the Cabotage Vessel Financing Fund (CVFF) for vessel acquisition among indigenous operators.
27 Sep 2021
President Muhammadu Buhari has withdrawn his earlier approval that over $209 million and N32 billion be released to Nigerian investors in the maritime industry under the Cabotage Vessel Finance Fund (CVFF) scheme.
17 Mar 2021
President Mohammadu Buhari has ordered the disbursement of the Cabotage Vessel Financing Fund (CVFF) to operators after about 18 years of contribution.
29 Jan 2020
Sequel to the Federal Government’s readiness to disburse the Cabotage Vessel Financing Fund (CVFF), Ship owners have called for establishment of a maritime bank to help develop the local shipping business.
24 Jan 2020
Stakeholders in the maritime industry converged on Lagos, yesterday, to determine the modalities for disbursing the $200 million Cabotage Vessel Financing Fund (CVFF), to local ship owners.
27 Dec 2018
The Ship Owners Association of Nigeria (SOAN) has urged acquisition of more tankers and dry cargo vessels through the Cabotage Vessel Financing Fund (CVFF) to create more jobs for youths.
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