FG to dredge southern ports to 16m draft
Federal Government unveils ambitious plan to dredge southern ports to 16-meter draft, aiming to attract larger vessels and revitalize maritime trade across Nigeria's coastal regions.
Category : Search result: maritime economy
Judicial Reforms to Drive Nigeria's N3T Blue Economy
Chief Justice Ariwoola and NIMASA DG Jamoh unite to transform Nigeria's judiciary, creating specialized courts to unlock the nation's massive blue economy potential and attract crucial investments.
African Ports Must Unite for Blue Economy Growth
Nigerian Ports Authority MD Mohammed Dantsoho calls for enhanced cooperation among African ports to harness the continent's massive blue economy opportunities for sustainable growth.
China Defends Nigeria: 4 Reasons Against Trump's Strike Plan
Beijing launches fierce defense of Africa's largest economy as Trump considers economic strikes against Nigeria. Discover why China is taking Nigeria's side in this escalating diplomatic clash.
FG Boosts Niger Delta Ferry Services with New Routes
The Federal Government announces comprehensive plans to revolutionize water transportation in the Niger Delta with new routes, modern ferries, and enhanced safety measures to boost regional connectivity.
Navy rescues 11 from sinking boat in Bonny River
In a heroic emergency operation, the Nigerian Navy rescued 11 passengers from a sinking passenger boat along Bonny River. The swift response prevented a potential tragedy in the busy waterways.
Africa: 4th Largest Economy by 2050 Says WTO
Groundbreaking WTO analysis projects Africa's economic rise to global top four within decades, driven by population growth and strategic investments.
German Factory Orders Decline in June 2024
Germany's factory orders unexpectedly fell in June 2024, raising concerns about Europe's largest economy. Latest data shows manufacturing sector struggles continue.
Lagos Port Gridlock: E-Call Up System Under Scrutiny
Exclusive investigation reveals mixed results for Lagos's digital port traffic solution. Discover why trailers still choke Apapa roads despite technological interventions.
Police Arrest Militant, Declare Monarch Wanted for Piracy
Akwa Ibom police make major breakthrough as they arrest suspected militant leader for maritime crimes while declaring traditional ruler wanted for alleged involvement in kidnapping and piracy operations.
Global Experts Demand Action on Inequality Crisis
Economic experts worldwide are calling for an international panel to address the growing inequality crisis threatening global stability and economic growth.
Africa's shipping costs remain world's highest
New report reveals intra-African shipping costs remain the world's highest despite continental free trade agreement, hindering economic growth and regional integration.
Ghana Navy arrests 10 Nigerian stowaways on ship
Ghana Navy intercepts vessel with 10 Nigerian stowaways hiding on Panamanian-flagged ship. Full details of the maritime security operation revealed.
Trump Tariffs Face Supreme Court Challenge - Nigeria Impact
Former US President Donald Trump's controversial tariff proposal encounters legal hurdles as Supreme Court prepares landmark ruling that could reshape international trade and affect Nigerian economy.
Nigeria's Wealth Paradox: Resource Rich But Poverty Stricken
Discover the complex reality behind Nigeria's economic status - a nation blessed with abundant natural resources yet struggling with widespread poverty and development challenges.
NIMASA accredits 27 shipyards for vessel repairs
Nigeria's maritime industry receives major boost as NIMASA accredits 27 shipyards for vessel repairs and maintenance, enhancing local capacity and creating jobs.
Africa Launches First Blue Economy Finance Festival
Historic initiative connects African and Caribbean nations to unlock $1.5 trillion blue economy potential through sustainable ocean investment and climate-resilient projects.
Grandma Dies in Cruise Fall After Alcohol Over-service
A Nigerian family mourns as a 66-year-old grandmother tragically dies after falling from a cruise ship following alleged overserving of alcohol. Investigation underway.
Panama Wins Canal Expansion Arbitration Against Spanish Company
Panama secures landmark arbitration victory against Spanish consortium Sacyr in $5.6 billion canal expansion dispute, setting crucial precedent for international infrastructure projects.
US Fed Official Defends Rate Pause Amid High Inflation
Federal Reserve Governor Philip Jefferson explains the reasoning behind holding interest rates steady while inflation remains above target. Get the inside story on the Fed's cautious approach.
France Rejects Wealth Tax Proposal in Budget Debate
French parliament votes against reinstating wealth tax during 2025 budget discussions, maintaining current tax policies that affect international economic relations.
Italy Demands ECB Cut Rates Over Strong Euro Crisis
Italian leaders pressure European Central Bank to slash interest rates as surging Euro threatens economic recovery. Analysis of global currency impacts.
22 Ships Dock in Lagos, Fuel and Food Prices Crash
Nigerians rejoice as 22 vessels carrying petrol, frozen fish, and food items arrive Lagos ports, causing significant price drops across major markets. Get the latest on how this maritime boom is affecting commodity costs.
Navy Chief Rejects Coast Guard, Deploys Drones vs Oil Thieves
Vice Admiral Emmanuel Ogalla declares technological warfare against oil theft and piracy, revealing plans for drones and artificial intelligence while dismissing coast guard proposals as unnecessary.
Navy dismantles illegal refinery, arrests 7 in Ondo
In a major security operation, the Nigerian Navy has dismantled an illegal refining site and apprehended seven suspects across coastal communities in Ondo State, dealing a significant blow to oil theft operations in the Niger Delta region.
Nigeria's Ports Get Single Window Policy by 2026
The Federal Government announces revolutionary Single Window policy for Nigerian ports, promising to slash cargo clearance times and boost economic growth through digital transformation.
Nigerian fishermen detained in Venezuela-Trinidad sea crisis
Nigerian fishermen face detention and boat seizures in disputed Venezuela-Trinidad waters, revealing dangerous maritime border tensions affecting West African sailors.
Eurozone Growth Beats Expectations in Q1 2024
The Eurozone economy has delivered a powerful performance, exceeding all forecasts with stronger-than-expected growth in the first quarter of 2024, driven by Germany's recovery and resilient consumer spending.
Shipping Delays Threaten Africa's Free Trade Dream
Critical infrastructure deficits and persistent shipping delays are threatening to derail the African Continental Free Trade Area's ambitious targets, putting $3.4 trillion economic opportunity at risk.
ECB Holds Rates Steady Amid Inflation Concerns
European Central Bank maintains interest rates despite inflation concerns. Analysis of how this decision impacts Nigeria's economy, trade relations, and the global financial landscape.
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