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.
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.
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 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.
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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.
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.
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.
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.
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.
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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.
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.
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 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.
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.
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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.
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's Consul General identifies maritime transport, shipbuilding, digitalisation, and green tech as key areas for strengthening bilateral relations and advancing Nigeria's blue economy.
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.
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.
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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.
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.
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.
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.
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.
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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.
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.
The Nigeria Immigration Service will transfer three Ghanaian stowaways arrested by the Nigerian Navy to the Ghanaian Embassy following proper judicial procedures after they were found in a ship's rudder compartment.
The Nigerian Navy has transferred three Ghanaian stowaways rescued from a merchant vessel to the Nigeria Immigration Service as part of collaborative security efforts to combat illegal migration and enhance maritime safety.
Former leaders and maritime experts warn Nigeria could lose regional trade dominance if it fails to invest in deep seaports, risking cargo diversion to neighboring countries and economic sidelining.
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MACN and CRFFN unveil a User Experience Diary for real-time reporting of cargo clearance issues, aiming to boost transparency and reduce delays in Nigeria's ports.
