Tuesday , June 15 2021

Maritime

FG Approves 4 New Seaports To Boost Foreign Investment Inflows

FG Approves 4 New Seaports To Boost Foreign Investment Inflows

President Muhammadu Buhari on Saturday said that his administration has approved four new seaports to create employment opportunities and foreign investment inflows across the country. The President, who disclosed this in his national broadcast to commemorate Democracy Day, said four new seaports have been approved to be constructed under Public-Private-Partnership …

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Belgium Eyes Prospects in Nigerian Ports

Belgium Eyes Prospects in Nigerian Ports

Investors from Belgium have expressed interest in the National Maritime Transport Policy being developed by Nigeria. Executive officers of the Port of Antwerp International, a Belgium port, stated this in Lagos during a meeting with Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Bashir Jamoh, according to a …

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Breach of Contract: Samsung Allegedly Receives $214m from Total Upstream Nigeria for Yard Construction

Breach of Contract: Samsung Allegedly Receives $214m from Total Upstream Nigeria for Yard Construction

…Falsely claims yard ownership …Can’t show proof of capital investment Evidence has emerged that Samsung Heavy Industries Nigeria Limited, SHIN, alledgely collected US$214 million from Total Upstream Nigeria for construction of a shipyard for Nigeria as part of the multi-billion-dollar Egina project, but is now claiming ownership of the yard. …

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