Oluwasina Phillip The Chairman House Committee on the Nigerian Navy Honorable Yusuf Gagdi has commended the Management of the Nigerian Maritime Administration and Safety Agency, NIMASA, for its commitment to transparency in its execution of the Integrated National Security and Waterways Protection Infrastructure also known as the Deep Blue Project. …
Read More »Transport ministry opposes 12% revenue allocation to maritime varsity
The Federal Ministry of Transportation has opposed the proposal by the House of Representatives to allocate 12 per cent of the revenue generated by the Nigerian Maritime Administration and Safety Agency to Maritime University, Okerenkoko, in Delta State. The Nigerian Navy has also warned against the proposal to saddle NIMASA …
Read More »Lekki Deep Sea Port at 81 percent completion – ICRC
The Infrastructure Concession Regulatory Commission (ICRC) wishes to state that the Lekki Deep Sea Port project is now over 80 percent completed. Although it was widely reported across several media outlets that the project is at 96 percent completion, the Commission wishes to clarify that the project is at 81.14 …
Read More »Airfare hikes appear as coordinated action by airlines, FG insists
The Federal Government on Thursday insisted that the sudden and over 60 per cent hike in airfares by domestic airlines which occurred almost the same time appeared to be a coordinated action that must be probed. On Wednesday, domestic airlines under the aegis of the Airline Operators of Nigeria denied …
Read More »DISTRESSED VESSEL MOVED OFF FEDERAL OCEAN TERMINAL ONNE
A Nigerian flagged Motor Vessel, MV VIGEO ADEBOLA which was reported to be distressed midstream Federal Ocean Terminal ONNE due to operational error has been moved to a better location clear away from the FOT Onne Channel. MV Vigeo Adebola had a port list on 10th February, 2022 due to …
Read More »How We Unlock Infrastructure Funding Through Sukuk Bond–Finance Minister
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said that since it was created in September 2017 as an investment instrument to finance infrastructure, over N612.5bn has been invested in the Federal Government’s Sukuk Bond. She said this in Abuja at a town hall meeting where …
Read More »Nissan set to assemble Navara pickup in Nigeria June
Stallion NMN Limited says it is planning to begin assembling of the new Nissan Navara pickup in Nigeria in June this year. The General Manager, Stallion NMN Limited, Amit Sharna, made the disclosure during the launch of the all-new and most-advanced Nissan Navara pickup. Unveiled in its showroom with a …
Read More »Apapa port, others need upgrade for smooth product distribution – Upstream Commission
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has said the Apapa Jetty and some petroleum products storage facilities in the area need to be upgraded. The Chief Executive Officer, NMDPRA, Mr Farouk Ahmed, said the upgrade would help enhance safety and smooth distribution of petroleum products across the country. …
Read More »FEC Approves N64.687bn Contracts For 16 Road Projects In FCT
The Federal Executive Council (FEC) Wednesday approved contracts worth N64,686,536,230, for 16 road projects to be executed in the Federal Capital Territory (FCT) and the Federal Ministry of Works and Housing. The Council also okayed the deployment of the Revenue Assurance Solution (RAS) for the Nigerian Communication Commission (NCC) to …
Read More »ICRC Moves To Revive 6 Dry Ports
Ololade Omosan-Agie In a bid to get the six Inland Container Depots located in each of the six geo-political zones of Nigeria to become operational, the Infrastructure Concession Regulatory Commission has held a meeting with the Nigerian Shippers’ Council who are the owners of the project and the Concessionaires. The …
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