Despite Nigeria’s removal from piracy-prone and high-risk maritime zones, shipowners are still paying heavy war risk insurance premiums on Nigeria-bound cargoes. Stakeholders say the charges, which have cost the country …
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BusinessEconomyInternational TradeMaritimeOil & GasSecurity
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EconomyGovernanceInternational TradeMaritimeNigeriaSecurityWestern Africa
NIMASA Confirms Attempted Boarding of Maltese Tanker Near Lome
The Nigerian Maritime Administration and Safety Agency (NIMASA) has confirmed an attempted boarding of the Malta-flagged chemical tanker, Endo Ponente, close to Lome Port in Togo. According to the agency, …
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EconomyGOVERNMENTSecurityTransportation & LogisiticsTravel & Tourism
Despite Piracy Drop, Shipowners Still Spend Up to $8,000 Daily on Security Escorts in Nigerian Waters
Maritime industry stakeholders have raised concerns over the high cost of marine security in Nigeria, revealing that shipowners still spend between $5,000 and $8,000 daily to hire private security vessels, …
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EconomyEnvironmentInternational RelationsNigeriaSecurity
Nigeria Begins Official Campaign for IMO Council Re-Election
Nigeria has officially launched its campaign to be re-elected into the International Maritime Organisation (IMO) Council under Category C for the 2026–2027 term. The event took place at the Delegates’ …
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DevelopmentGOVERNMENTNigeriaSecurityTANZANIATransportation & Logisitics
Nigeria, Tanzania Deepen Maritime Ties, Back IMO Council Bid
The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Tanzania Shipping Agencies Corporation (TASAC) have agreed to strengthen bilateral cooperation in key areas of maritime operations, including port and …