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 …
MARITIME TRADE
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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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BusinessEconomyMaritimePublic HealthSecurityTrade
Kirikiri Customs Records N89.2bn Revenue in Six Months
The Nigeria Customs Service (NCS) at the Kirikiri Lighter Terminal (KLT) in Lagos has announced that it collected N89.2bn as revenue between January and June 2025. The amount represents a …
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EconomyInfrastructureTechnologyTrade and CommerceTransportation & Logisitics
Lekki Deep Seaport Targets 500,000 TEUs in 2025 Amid Transhipment Growth and Economic Recovery
The $1.5 billion Lekki Deep Seaport is looking to more than double its cargo handling operations by the end of 2025, aiming for 500,000 Twenty-foot Equivalent Units (TEUs) after processing …
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EconomyInfrastructureTrade and CommerceTransportation & Logisitics
Empty Container Backlog Worsens at Apapa Port as Shipping Lines Prioritise Imports
Shipping companies operating at Apapa Port have started prioritising the discharge of import-laden containers over the evacuation of empty units due to a sharp and sustained surge in cargo volumes. …
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AfricaDevelopmentSecurityTransportation & Logisitics
MOWCA, AfDB Plan Red Sea Vessel Diversion, Dry Dock Projects to Boost West and Central Africa Maritime Trade
To strengthen maritime trade across Africa and respond to growing global shipping challenges, the Maritime Organisation of West and Central Africa (MOWCA) and the African Development Bank (AfDB) have announced …
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EconomyNigeriaTrade and CommerceWestern Africa
Nigeria’s Maritime Trade Hits N130.8 Trillion in 2024
Nigeria’s foreign trade via maritime transport surged by 91% in 2024, reaching N130.75 trillion, up from N68.44 trillion in 2023, according to the National Bureau of Statistics (NBS). Exports dominated …
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BusinessEconomyInsuranceKenya News
KenTrade Targets Insurance Companies’ Systems Integration to upgrade maritime Trade
Kenya Trade Network Agency(KenTrade) has embarked on a sensitization programme targeting insurance companies aiming at onboarding them in the Trade Facilitation Program(TFP) in a bid to enhance efficiency in maritime …