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Cabotage Vessel Financing Fund
The Federal Government has vowed not to release the Cabotage Vessel Financing Fund (CVFF), which has accumulated to over N100 billion, until ship owners come with a repayment structure.
The President, Nigerian Shipowners Association, Aminu Umar, has called on the Federal Government to intervene in the delayed disbursement of the Cabotage Vessel Financing Fund to sustain shipping business.
Nigeria Maritime Administration and Safety Agency (NIMASA) has pledged to partner with National Inland Waterways Authority (NIWA) to develop and make the nation’s inland water ways economically viable, NIMASA Chairman, Retired Maj -Gen. Jonathan Garba, said.
The benefits of the proposed dredging according to him, include reduced risk of flooding, greater federal presence in the state, improved navigability of the water ways, increased value of water fronts and greater economic activities along the River Banks.
Mexican cartel kingpin Joaquin Guzman ran a cocaine train all the way from Mexico to New York City, a witness testified Monday.
The Somali Lower House of Parliament has declared as invalid a motion seeking the impeachment of President Mohamed Abdullahi Farmajo.
The vice presidential candidate of the Peoples’ Democratic Party (PDP), Mr Peter Obi, has urged Nigerians to join forces in the fight against corruption in the country.
The Social Democratic Party (SDP) has pulled out of the Coalition of United Political Parties (CUPP), a group of over 45 opposition political parties.
The Katsina State Government on Tuesday said it has identified no fewer than 547 artisanal miners and 442 mining sites across the state as part of efforts to improve the mining and complement federal government’s efforts of diversifying the economy from oil to the non-oil sector.
The acting Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu, says he would have loved to arrest a former Minister of Petroleum Resources, Diezani Alison-Madueke, but she is being protected by foreign law enforcement agencies.
He however did not give details of the proposal when asked by newsmen, noting that the Nigerian constitution only allows the president to give out the details and he will do so when the National Assembly is ready to receive the draft.
Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) directs its members to shut down all loading operations by midnight
The Peoples Democratic Party (PDP) has accused the All Progressive Congress (APC) of use its school feeding programme as a conduit for fraud and asked Nigerians to vote out the ruling party in the next general election and return Nigeria to her winning ways.
Twenty-two-year-old British backpacker Grace Millane, who had been missing in New Zealand since last week, was murdered, police said on Saturday.