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Maritime
FG to Enforce Sanctions on Vessels Violating Maritime Regulations
During the arrival ceremony of the 'CMA CGM Scandola', the largest container vessel fueled by Liquefied Natural…
Global Shipping Giants Redirect Routes Amid Rising Red Sea Tensions
In a recent turn of events, major shipping companies, including Denmark's Maersk and Germany's Hapag-Lloyd, are…
Meta to Land Two Submarine Cables in Nigeria to Boost Digital Infrastructure
Summary:Meta is set to deploy two submarine cables in Nigeria, with one landing in Lagos and the other in Akwa…
Spanish Navy Renews Commitment to Collaborate with Nigerian Navy in Gulf of Guinea
The Spanish Navy has expressed its dedication to working in partnership with the Nigerian Navy to address maritime…
Africa’s Marine and Coastal Tourism Sector Poised for $100 Billion…
Africa holds a significant economic opportunity within its grasp, owning approximately one-third of the world's…
Technology and Transparency Lead to Significant Cost Reduction in Nigerian…
The Convention on Business Integrity (CBi) revealed that shipowners' operational costs in Nigeria have dropped by…
Nigeria Loses $15 Billion Annually to Port Congestion and Maritime Challenges
Nigeria is reportedly facing significant losses of approximately $15 billion annually due to congestion and…
NPA Unveils Two Tug Boats for Port Security and Trade Facilitation.
The Nigerian Ports Authority (NPA) has put two newly purchased bollard pull tug boats into service in an effort to…
Stakeholders Criticize the FG Regarding the $3.2 billion Project to Modernize…
Stakeholders in the nation's marine sector have criticized the Federal Government over the $3.2 billion Nigeria…
Shipowners estimate that $20 million is spent each year on vessel repairs.
Despite the Nigerian Maritime Administration and Safety Agency's (NIMASA) acquisition of a N50 billion floating…
According to NSC, demurrages cost N2.7bn in the past two years.
The Nigerian Shipper's Council said that between 2020 and 2022, it saved a staggering N2.7 billion. The fund might…
CBN Penalizes Shipping Companies that Export Illegal Cargoes from Nigeria.
CBN Governor, Godwin Emefiele, while speaking at the RT200 non-oil export summit 2023 in Abuja with the theme…
FG Plans to Build Another Sea Port in 2026 – NPA.
According to the Nigerian Ports Authority, the federal government plans to build another deep-sea port within the…
FG Fines Oil Companies N22 billion for Gas Flaring.
The Federal Government will punish oil and gas companies operating onshore for flaring 24 billion SCF of gas…
Nigeria: Maritime Operators will Receive $700 million for Vessel Acquisition.
The Federal Government has said operators in the maritime sector may get about $700m to acquire new vessels. At…
IATA Warns Nigeria as Airlines Trapped Funds Hit $802m
The International Air Transport Association, a trade organization for international airlines headquartered in…
Seafarers Claim that 4,000 Ships Berth in Lagos Ports Each Year.
The Mission to Seafarers, Lagos, a maritime organization, has revealed that 4,000 ships call at Lagos ports each…
Costs Rise as Foreign Airlines Increase the Currency Rate.
Over $743 million in stranded cash were being used by international airlines coming into Nigeria as of January…
Travel Agencies Should Give Foreign Airlines Discounted Rates.
Mr. Yinka Ladipo, the Chief Executive Officer of Dart Logistics Limited and Finance Secretary of the National…
Shipowner Dispute Over $350 million Maritime Fund Distribution.
The Maritime Administration and Safety Agency wanted to merge with the Nigerian Indigenous Shipowners Association…
Foreign Vessels Transport 98% of Nigerian Crude.
Anthony Onoharigho, a chartered marine surveyor and ship captain, revealed that 98% of the crude oil lifted in…
Why Nigerian Ships are Unable to Lift Crude-Ex-COMD-NNPC.
According to Kon Bob-Manuel, a former general manager of shipping and terminal operations for the Nigerian…
NIMASA: The Key to Effective Port and Flag Administration is Standardized Digital…
According to Dr. Bashir Jamoh, Director General of the Nigerian Maritime Administration and Safety Agency…
Domestic Airfares are Up 97%, According to NBS
According to the National Bureau of Statistics' most recent data, which was released, the average price of a plane…
Nigeria, Saudi Arabia Sign MoU on Aviation Security.
A Memorandum of Understanding was signed by the Nigerian and Saudi Arabian air accident investigation bodies in…
Africa’s LNG Export to be Driven by Nigeria, Algeria, and Egypt.
NIGERIA, Algeria and Egypt, have been tipped to drive Africa's Liquefied Natural Gas, LNG, export in the short…
Nigerian Reps look Into NPA’s $800 million Port Operator Debt.
The Nigerian Ports Authority is allegedly indebted over $800 million in debt to port operators, according to the…
As a Hydro Plant Shuts Down, the Electricity Situation in Zimbabwe will Get Worse.
After the organization in charge of managing southern Africa's largest dam ordered the halt of electricity…
Nigeria Opens its First Deep Sea Shipping Port.
Nigeria's first deep sea port was turned over to the government by China Harbor Engineering Company Ltd. (CHEC)…
FG Charges 16 Foreigners with Oil Theft and Detains the Vessel.
16 foreigners have been charged by a Federal High Court in Port Harcourt, Rivers State, with offenses that include…