Nigeria fights arbitrary shipping surcharges
Nigerian importers and exporters unite through UASC to challenge arbitrary charges imposed by foreign shipping lines, demanding transparency and fair pricing in maritime trade.
Category : Search result: Maritime Economy
FG Clarifies: No Nationwide Port Modernisation Project
The Federal Government debunks rumors of a nationwide port modernization initiative, clarifying the current status of Nigeria's maritime infrastructure development and future plans.
Green Shipping: Africa's Economic & Environmental Future
Discover how sustainable maritime technology could revolutionize Africa's economy while combating climate change. Learn about green shipping opportunities for the continent.
Navy Chief Nominee Pledges Tech Overhaul, Rejects Coast Guard
Vice Admiral Emmanuel Ogalla commits to technological modernization of Nigerian Navy while firmly opposing coast guard establishment during Senate confirmation hearing.
Foreigners Arraigned Over ₦12B Oil Theft in Lagos
Nigeria's anti-graft agency EFCC has arraigned three foreign nationals before a Lagos court for allegedly stealing crude oil worth ₦12 billion from the country's territorial waters.
Foreigners Face Court Over ₦12B Oil Theft in Nigeria
Nigeria's anti-graft agency EFCC has arraigned three foreign nationals and a vessel for allegedly stealing crude oil worth ₦12 billion. The shocking case reveals sophisticated oil theft operations in Nigerian maritime territory.
Deutsche Bank Posts Record €5.7 Billion Profit
Germany's banking giant Deutsche Bank reports historic €5.7 billion profit driven by strong trading and investment banking performance in 2023.
Enugu Governor Seeks Protection for Local Manufacturers
Governor Peter Mbah calls for strategic safeguards to protect Nigerian manufacturers from unfair competition in international trade agreements, emphasizing job creation and economic growth.
Nigeria's $1 Trillion Economy Target Achievable - Bagudu
Nigeria's Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has expressed strong confidence that the country can achieve its ambitious $1 trillion economy target by 2030 through strategic reforms and economic diversification.
NZ Raids Insurer Over Alleged Russian Sanctions Violations
New Zealand police execute dramatic raids on maritime insurer linked to Russian vessels, uncovering alleged sanctions evasion scheme involving international shipping operations.
Nigeria's Blue Economy: Sustainable Maritime Future
Federal government rallies marine engineers to harness Nigeria's vast ocean resources through sustainable practices and technological innovation for economic growth.
N7.6 Trillion Lost to Trade Corridor Extortion Yearly
Shocking investigation reveals sophisticated extortion networks draining Nigeria's economy through ports and trade routes, with devastating impact on businesses and consumers.
Lagos Blue Economy Strategy: Unlock Nigeria's Maritime Wealth
Experts reveal how adopting Lagos State's comprehensive blue economy framework could unlock Nigeria's massive maritime potential and transform coastal communities.
SIFAX ICT Expands Maritime Infrastructure for Green Operations
SIFAX ICT unveils major infrastructure expansion enabling direct vessel calls and eco-friendly port operations, positioning Nigeria for maritime digital transformation.
MWUN Pushes for Strict Safety Rules in Nigerian Ports
Maritime Workers Union of Nigeria pushes for stricter safety enforcement and modern equipment to protect dockworkers and improve port operations across Nigerian seaports.
US Fed Signals Rate Cuts: Impact on Nigeria's Economy
The US Federal Reserve is preparing for interest rate reductions in its final 2024 meeting, setting the stage for economic shifts that could impact Nigeria's markets and inflation trends in 2025.
Venezuelan Oil Ships Dodge Drug Boats in Caribbean
Exclusive report reveals how Venezuelan oil tankers navigate through dangerous Caribbean waters filled with drug trafficking vessels while maintaining crucial energy exports.
Sanusi: Delayed Subsidy Removal Caused Economic Crisis
Former CBN Governor Lamido Sanusi exposes how postponed fuel subsidy elimination triggered Nigeria's current economic hardship during Kaduna book launch.
NGX Loses N91bn as Investors Cash Out
The Nigerian Exchange witnessed significant profit-taking activities this week, resulting in a staggering N91 billion decline in market capitalization amid mixed trading sessions.
Judiciary Key to Nigeria's Tax Clarity - FIRS
FIRS Chairman Zacch Adedeji emphasizes judicial insight as crucial for resolving tax disputes and attracting foreign investment to Nigeria's economy.
FirstBank Redeems $350M Eurobond, Shows Financial Strength
Nigeria's premier banking institution, FirstBank, has successfully redeemed its $350 million Eurobond, demonstrating robust financial health and reinforcing investor confidence in the Nigerian banking sector.
Boko Haram Forced Jonathan to Keep Fuel Subsidy - Sanusi
Former CBN Governor Sanusi Lamido Sanusi reveals how Boko Haram insurgency compelled President Goodluck Jonathan to reverse fuel subsidy removal in 2012, exposing the intricate link between terrorism and economic policy in Nigeria.
21 Nigerian States Rely on FAAC for 70%+ Revenue
New fiscal data reveals alarming dependency on FAAC allocations across 21 Nigerian states, raising concerns about economic sustainability and governance.
Trump Heads to South Korea for Potential Xi Meeting
Former US President Donald Trump makes strategic move to South Korea, eyeing crucial meeting with China's Xi Jinping as global economic dynamics shift. Exclusive details inside.
Sanusi: APC Should Credit Jonathan for Economic Policies
Former Emir Muhammadu Sanusi II makes stunning declaration, saying current administration should acknowledge Goodluck Jonathan's economic contributions in latest political revelation.
Nigeria Finds Its Voice: Kebede Leads Sustainable Africa Push
Ethiopian visionary Gerishon Kebede leads groundbreaking initiative positioning Nigeria at the forefront of Africa's sustainable development movement, challenging global narratives.
Court Freezes Nestoil Assets in $1B Debt Case
Federal High Court issues Mareva injunction against Nestoil, freezing company assets amid explosive $1 billion debt case with Sahara Energy. Legal battle reveals corporate financial tensions.
16 Vessels with Petroleum Set for Lagos Ports Arrival
Significant economic boost expected as 16 vessels carrying petroleum products, general cargo, and containers prepare to dock at Lagos ports this week, enhancing Nigeria's supply chain.
Nigeria Aims for $1 Trillion Economy by 2030
Nigeria's Minister of Budget and Economic Planning, Abubakar Bagudu, has unveiled an ambitious roadmap to transform the nation into a $1 trillion economy by 2030 during high-level talks with European Union ambassadors in Abuja.
Stock Market Boom: Why Records Are Breaking Worldwide
Discover the surprising reasons behind global stock market surges and what it means for Nigeria's economy and investors in 2024.
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