By Our Correspondent Lagos, Jan. 23, ’26 (TNZ) Marine and Blue Economy Minister, Dr Adegboyega Oyetola, says the application portal for the Cabotage Vessel Financing Fund (CVFF) is a new beginning to end financing challenges faced by ship owners in the country. TheNewsZenith reports that Oyetola made the remarks at the unveiling of the CVFF […]
By Our Correspondent Lagos, April 4, ’25 (TNZ) No fewer than ten local shipping firms have accessed the Nigerian Content Development and Monitoring Board’s (NCDMB) $360 million credit facility, domiciled at the Bank of Industry (BOI), on a single-digit interest rate. TheNewsZenith reports that the Executive Secretary of the board, Mr Felix Ogbe, announced this […]
From Our Correspondent Officials of the Gulf of Guinea rose from a ministerial conference at the weekend, where they discussed overfishing, marine pollution and related challenges among member states. TheNewsZenith gathered that these challenges constituted issues for serious concern among the Gulf’s owner countries. Ministers and other officials in charge of fishery sectors converged in […]
From Our Correspondent The Maritime stakeholders at a maiden interactive session, on Thursday, revealed that Nigeria is losing $1 trillion annually due to the non-disbursement of the Cabotage Vessels Financing Fund (CVFF). TheNewsZenith reports that the Marine and Blue Economy stakeholders, in Lagos, held the interactive session with the news director General of the Maritime […]