Wednesday, 22nd March 2023
Breaking News:


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President Muhammadu Buhari has withdrawn his earlier approval that over $209 million and N32 billion be released to Nigerian investors in the maritime industry under the Cabotage Vessel Finance Fund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.


2 hours ago
Nigerian football has the potential to become one of the best in the world if given the enabling environment to thrive, Strategic partners to the Nigeria Premier Football League (NPFL), GTI Asset Management and Trust Limited, has affirmed.
2 hours ago
President Muhammadu Buhari has sent best wishes to Muslims as they commence 30 days of Ramadan fasting, urging that they use the season “to project the best and finest virtues of Islam by personal conduct, and not precept.”
2 hours ago
Dr Cairo Ojougboh, the Protem Secretary, National Coalition for Peace and Unity (NCPU), has called on Sen. Ovie Omo-Agege to accept peace. Ojuogboh, a Chieftain of the All Progressives Congress (APC) made the call in an interview with newsmen on Wednesday..
3 hours ago
Gov. David Umahi of Ebonyi has joined the race for the 10th Senate Presidency. Umahi said this on Wednesday in Abakaliki when he addressed members of the state executive council, saying that he was eminently qualified for the position.
4 hours ago
Cristiano Ronaldo made no secret Wednesday of his ambition to notch up another world record -- for the number of international caps -- a day before Portugal face Liechtenstein in Euro 2024 qualifiers.