Daily Query

The Federal Government has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to collaborate immediately with 12 approved Primary Lending Institutions (PLIs) to accelerate the processing and disbursement of the $700 million Cabotage Vessel Financing Fund (CVFF) to qualified Nigerian shipowners.

The Federal Government’s reliance on local capital markets expanded sharply in 2026, with total domestic borrowings surging by 90.5 per cent year-on-year to N24.7 trillion in the eight-month period ending August 31, 2026. This represents a significant jump from the N12.98 trillion