Category : Maritime


Senate Passes Revised NPERA Bill for Port Efficiency

The Senate passed the revised Nigerian Port Economic Regulatory Agency bill to address port inefficiencies, reduce charges, and improve cargo movement. A new report reveals Nigerian ports have 475% dwell times.

Nigeria Loses N8 Trillion Yearly to Maritime Failures

A presidential advisory paper by SEREC highlights that Nigeria loses nearly N8 trillion yearly due to maritime inefficiencies, misaligned policies, and weak execution, threatening economic growth and regional competitiveness under AfCFTA.

Shipping Firms Knock NPA Over Poor Services, Insecurity

The Shipping Association of Nigeria has raised concerns with the National Assembly about operational inefficiencies, inadequate tugboats, double billing, and security lapses at ports, impacting costs and competitiveness.

Navy Intercepts Stowaways Off Lagos Coast

The Nigerian Navy has intercepted three suspected stowaways aboard the merchant vessel MSC STELLA off Lagos. The operation demonstrates the Navy's commitment to maritime security and search and rescue missions.

Nigeria Loses $10B Yearly to Maritime Issues

A SEREC report reveals systemic inefficiencies, cartels, and maritime exploitation cost Nigeria over $10 billion annually, urging reforms to curb resource leakages and trade distortions.

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