Oyetola Opens NIMASA-UNILAG Maritime Institute
Minister Adegboyega Oyetola commissions the NIMASA-funded Institute of Maritime Studies at UNILAG, emphasizing human capital development for Nigeria's blue economy growth.
Category : Maritime
Nigeria Launches Africa's First Blue Economy TV Channel
Nigeria's Federal Government has launched Blue Economy Television (BETV), Africa's first channel focused exclusively on maritime and blue economy sectors, aiming to drive awareness and economic growth.
NPA Reforms to Boost Nigeria's Cargo Traffic and Maritime Role
NPA Managing Director Dr. Abubakar Dantsoho highlights reforms to increase Nigeria's cargo traffic share from 25% to match its 60% West African GDP dominance, aiming for maritime hub status.
NSC Pushes Private Port Investments for Maritime Growth
The Nigerian Shippers Council urges policy adjustments and private investments to enhance port efficiency, prevent cargo diversion, and position Nigeria as a West African transshipment hub.
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Nigeria Targets Blue Economy Dominance with Oyetola Reforms
NPA MD Dantsoho credits Minister Oyetola's reforms for transforming Nigeria's maritime sector, predicting the country will dominate Africa's blue economy through port modernisation and private investment.
Nigeria's $700M Maritime Fund at Risk from Structural Issues
The $700 million Cabotage Vessel Financing Fund faces threats from structural constraints and foreign firm dominance, risking increased debts for local shipowners without sectoral growth, experts warn.
Nigeria Must Reform Exports to Become West Africa Hub, CEO Says
Frederik Klinke of APM Terminals Nigeria calls for regulatory reforms, port modernization, and digital integration to capture East-West Africa trade growth, citing a 1,085% surge in export volumes.
Lekki Port and China Partner for Human Capital Development
Lekki Deep Sea Port collaborates with China's Consulate General to enhance technical capacity through a training program in China, focusing on port management and operational efficiency.
NSC Pegs Tariff Adjustment at 10-20% for Maritime Operators
The Nigerian Shippers' Council has approved a tariff adjustment of 10-20% for terminal operators and shipping companies, citing legal mandates and economic considerations to balance operational costs with national trade competitiveness.
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Troops Seize $3M Stolen Crude, Arrest 24 in Calabar
Joint Task Force troops intercepted suspected stolen crude oil worth $3 million and arrested 24 suspects in Calabar, with three vessels apprehended in a major maritime crackdown on oil theft.
NRC Pushes for Stronger Rail-Port Linkages to Boost Logistics
The Nigerian Railway Corporation calls for deeper integration between rail and port systems to improve freight movement and strengthen Nigeria's logistics value chain, highlighting ongoing projects and strategic plans.
Shippers' Council, NRS Urge Demurrage Waivers for Importers
The Nigerian Shippers' Council and Nigeria Revenue Service have called on shipping companies and terminal operators to grant waivers on demurrage charges for importers affected by delays from the National Single Window implementation at seaports.
Maritime Institute Unveils Blue Economy Executive Programme
The International Maritime Institute of Nigeria has announced a three-day executive programme to enhance capacity and policy understanding for a sustainable and competitive blue economy, featuring expert facilitators and key stakeholders.
Navy Seizes 531,500 Litres of Illegal Petroleum in 183 Ops
The Nigerian Navy recovered 531,500 litres of illegally refined petroleum products and arrested 18 suspects in the first quarter of 2026 under Operation DELTA SENTINEL, targeting crude oil theft in the Niger Delta.
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Nigeria Targets $3tr Blue Economy with Investment, Reforms
Nigeria intensifies efforts to harness its blue economy potential, targeting over $3 trillion annually. Industry leaders call for investment and reforms to address structural bottlenecks in maritime logistics and connectivity.
Eno Gets Ibom Deep Seaport Report, Pledges Project Push
Governor Umo Eno has received the feasibility report for the Ibom Deep Seaport, reaffirming his administration's commitment to moving the project toward implementation. The report outlines a PPP framework and plans for a regional transhipment hub.
Iran Announces Alternative Routes in Hormuz Strait
Iran has issued guidance for vessels to use alternative routes in the Strait of Hormuz due to sea mine risks, following a temporary reopening as part of a ceasefire with the US.
First Ships Pass Through Strait of Hormuz After Ceasefire
Two commercial vessels have navigated the Strait of Hormuz after Iran reopened the critical waterway as part of a temporary two-week ceasefire with the United States, marking the first maritime movements following months of severe restrictions.
FG Waives Demurrage on 10,000 Containers to Cut Prices
The Federal Government has waived demurrage charges on over 10,000 stranded containers at Nigerian ports, aiming to reduce import costs and potentially lower prices for food, vehicles, and other goods.
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Nigerian Navy Seeks Partnerships for Indigenous Shipbuilding
The Nigerian Navy has expressed readiness to partner with organizations to enhance indigenous shipbuilding capacity and maritime security operations. Chief of Naval Staff Rear Admiral Idi Abbas emphasized technology transfer during a meeting with ASELSAN
Denmark Eyes Investment in Nigeria's Shipbuilding, Digitalisation
Denmark's Consul General identifies maritime transport, shipbuilding, digitalisation, and green tech as key areas for strengthening bilateral relations and advancing Nigeria's blue economy.
Shipowners: High Duties Cause $8.5bn Yearly Capital Flight
Indigenous shipowners warn that Nigeria's high import duties on vessels and preferential treatment for foreign operators are crippling the shipping industry, leading to an estimated $8.5 billion in yearly capital flight.
Port Proliferation Without Cargo Traffic Puts Investments at High Risk
Maritime stakeholders warn that Nigeria's proliferation of deep seaport projects, driven by political motives rather than cargo demand, risks economic unviability and huge financial losses.
ICTN Procurement Starts After Presidential Nod
The Federal Government has begun implementing the International Cargo Tracking Note following presidential approval, aiming for rollout by 2026 to enhance maritime security and trade transparency.
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Barge Firms Lose N211b, Blame High Charges and Foreigners
About 69 indigenous barge operators have liquidated companies worth N211.9 billion due to harsh business conditions, including high charges and foreign dominance, as revealed at a stakeholders' engagement in Lagos.
69 Nigerian Barge Firms Liquidate, N211.9bn Lost
High charges, foreign dominance, and regulatory bottlenecks have forced 69 indigenous barge operators into liquidation, wiping out over N211.9 billion in investments. Only 14 of 83 registered firms remain active.
Nigerian Navy Rescues Kidnapped Victim in Bonny
The Nigerian Navy has successfully rescued Mr Benedict Eze, a kidnapped victim, in Bonny LGA, Rivers State, following sustained intelligence-led operations by Forward Operating Base BONNY personnel.
New National Shipping Line to Launch Soon, Says FG
The Federal Government announces progress on refloating a national shipping carrier, with international partners like AD Ports Group and DP World involved, to boost Nigeria's maritime industry and create jobs.
Maritime Revenue Hits N1.83 Trillion, Oyetola Demands Results
Minister Adegboyega Oyetola warns maritime agency heads to deliver tangible results as ministry revenue surges 160% to N1.83 trillion in 2025, driven by reforms and digitalisation.
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Nigeria Secures UAE Investors for National Shipping Carrier
The Federal Government has secured international partners including AD Ports Group and DP World to refloat a national shipping carrier, aiming to boost maritime capacity and create jobs.
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