CPPE: Nigeria's GDP to Grow 4.5% in 2026
The Centre for the Promotion of Private Enterprise forecasts Nigeria's GDP growth between 4.0% and 4.5% in 2026, citing cautious optimism. Read the full economic outlook.
Category : Search result: maritime GDP
Investor Fatigue, $14bn Gap Stall Nigeria's Deep-Seaports
Nigeria's ambition to become West Africa's maritime hub is faltering as seven deep-seaport projects stall, needing $14bn. Lekki Port operates at just 20% capacity. Experts urge policy review and a 'Prioritisation Matrix'.
Maritime Drug Smuggling Threatens Nigeria's Ports
A new report reveals criminal gangs are using 'legitimate' forwarding businesses to move drugs via commercial vessels. SEREC calls for urgent tech and institutional reforms to secure Nigeria's ports and supply chains. Read more.
APM Terminals, BMS Sign Deal to Enhance Lagos Port Operations
APM Terminals and Barging Marine Solutions sign exclusive lease to expand Apapa port services, aiming to ease congestion and boost trade capacity. Read the full story.
Seafarers Seek Tax Clarity Ahead of 2026 Regime
Nigerian maritime stakeholders call for tax exemptions and clear guidelines for seafarers before the 2026 tax reform. They warn the new regime could unfairly burden this vital workforce.
How Strategy Cleared Mile 2-Tin Can Port Gridlock
Former Tin Can Island Port Manager, Sylvester Egede, details the non-coercive strategy that ended the notorious Mile 2 port corridor traffic. Learn the key lessons for solving national problems. Read more.
NSML revives SCDP, inducts 21 cadets for global maritime
NLNG Ship Management Limited relaunches its Seafarers Cadetship Development Programme, inducting 21 cadets from MAN Oron and NMU to address the global manpower shortage and boost Nigeria's maritime capacity.
Navy rescues 20 from burning ship in Cross River
The Nigerian Navy saved 20 crew members after their vessel caught fire on the Calabar waterways. One crew member is missing as search operations continue. Read the full story.
Navy Saves 20 from Burning Ship off Calabar
The Nigerian Navy rescued 20 crew members after their vessel, MV Chimba Express, caught fire on the Calabar waterways. One crew member remains missing as search efforts continue. Read the full report.
US Q3 GDP Grows 3.2%, AI Investment Fuels Momentum
The US economy posted solid 3.2% growth in Q3 2025, driven by AI investment. The delayed data shows resilience despite labour market concerns and Fed rate cuts. Read more.
First Woman Appointed as NUPRC CEO, WIME Lauds Tinubu
Women in Maritime & Energy (WIME) commends President Tinubu for appointing Mrs. Oritsemeyiwa Eyesan as the first female Chief Executive of Nigeria's upstream oil regulator. Read more on this milestone for gender inclusion.
24-Hour Security Activated for Lagos Ports During Yuletide
The NPA Police Western Command has intensified round-the-clock land and water patrols across Lagos port corridors to ensure safety this festive season. Stay vigilant and report suspicious activity.
Navy Hands Over 58 Bags of Smuggled Rice to Customs
Nigerian Navy Ship BEECROFT has transferred 58 seized bags of foreign parboiled rice to Customs. The interception highlights ongoing efforts to curb smuggling in Lagos waters.
US Pursues Third Oil Tanker in Caribbean Near Venezuela
The US Coast Guard is actively pursuing another sanctioned oil tanker near Venezuela, intensifying pressure on Caracas's oil sector. This follows the recent seizure of the 'Centuries' tanker. Get the latest details.
Controversy Hounds Nigeria's 2026 Tax Reform Implementation
Nigeria's ambitious tax reforms set for January 2026 face fierce opposition over alleged post-passage alterations, constitutional breaches, and public mistrust. Will the promises hold?
FG Issues Bakassi Deep Seaport Compliance Certificate
Cross River Governor Bassey Otu receives Federal Government's compliance certificate for the $3.5 billion Bakassi Deep Seaport, hailing it as a game-changer for Nigeria's maritime economy. Read more.
NSC Chief: Nigeria Must Remove Barriers to Regional Trade
NSC CEO Pius Akutah urges Nigeria to become a maritime hub, detailing reforms in ports, dry ports, transit parks & dispute resolution saving billions. A must-read for business.
Industry Leaders Demand Urgent Cybersecurity Framework for Maritime
Maritime experts warn of rising AI-driven cyberattacks on Nigeria's ports and vessels. Stakeholders push for a national cybersecurity framework to protect trade and national security. Read the full report.
Nigeria risks missing blue-economy boom, NSE warns
Nigerian engineers warn policy gaps and outdated tech threaten Nigeria's share of the multi-trillion dollar blue economy. Urgent action needed to harness ocean wealth.
N37.59tr Maritime Trade Renews Call for Local Shipping
Nigeria's massive N37.59 trillion sea trade in Q3 2025 highlights a critical need for a strong indigenous shipping industry. Experts warn of billions in annual losses and urge action on the dormant Cabotage Fund to reclaim maritime wealth.
Nigeria risks losing maritime race to Indonesia
Nigeria is falling behind Indonesia in the blue economy race, warns Maritime Innovations Hub CEO Ronke Kosoko. Urgent investment and action are needed to close the gap. Read more.
Shipping lines decry $4.6m stowaway fines in Nigeria
Shipping lines in Nigeria pay $4.6 million annually to repatriate stowaways, despite paying security fees in dollars. SAN Chairman Boma Alabi criticizes the failed security system.
2,300 Stowaways Annually at Nigerian Ports
The Shipping Association of Nigeria reports 2,300 security breaches by stowaways yearly, costing firms $2,000 per case. Port security agencies dispute the figures. Read more.
Nigerian Shippers Protest Hostile Port System, High Costs
Nigerian shippers raise alarm over excessive levies, delays, and corruption at seaports, threatening trade. Calls for Single Window implementation grow. Read more.
Aviation Experts Warn of Job Losses from 2026 Tax Reforms
Nigerian aviation experts warn new tax reforms from January 2026 could slash sector GDP by 20% and cut 30% of jobs. Learn the risks and calls for government intervention.
Cartels Smuggle Drugs in Livestock Vessels to Europe
International drug cartels are exploiting filthy livestock ships to smuggle tonnes of cocaine into Europe. Learn how poor sanitary conditions create a 'logistical nightmare' for authorities.
Nigeria's Telecom GDP Contribution Hits 9.1% in Q3
Nigeria's telecom sector demonstrates resilience, contributing 9.1% to GDP in Q3 2025. Driven by mobile data demand and 5G rollout, the industry remains a key non-oil pillar. Discover the full economic impact.
NNS BEECROFT Intercepts 172kg of Illicit Drugs
Nigerian Navy Ship BEECROFT has intercepted and handed over 172kg of Cannabis sativa to the NDLEA. The seizure highlights ongoing efforts to secure Nigeria's maritime domain. Read more.
GDP Growth at 3.98% in Q3 2025, But Living Costs Still High
Nigeria's economy grew by 3.98% in Q3 2025, reports NBS. However, CPPE warns the cost-of-living crisis remains a major concern for households. Read the full analysis and policy recommendations.
Nigeria's Economy Grows 3.98% in Q3 2025
Nigeria's economy expanded by 3.98% in Q3 2025, with services and agriculture leading growth. The non-oil sector remains a key driver. Discover the full breakdown and what it means for the nation's economic outlook.
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