…Reps stop disbursement of $700m CVFF fund to Nigerian shipowners By Seun Ibiyemi The disbursement of Cabotage Vessel Finance Fund (CVFF) is currently being stalled by the proposed interest rate of 8.5 per cent by commercial banks, a requirement which…
Contrary to speculation in the Nigerian Maritime Industry that funding for the Suppression of Piracy and Other Maritime Offences (SPOMO) Act will erode indigenous ship-owners contributions made into the Cabotage Vessel Financing Fund (CVFF) which currently stands around $195 million,…
The Executive Secretary, Nigerian Shippers’ Council (NSC), Mr Emmanuel Jime, on Friday said the council would pursue incentives that would boost indigenous shipowners’ operations. Jime said this when Dr Mkgeorge Onyung, President, Shipowners Association of Nigeria (SOAN), paid him a…
