By Sylvanus OBASI The Executive Secretary, Nigerian Shipper’s Council Dr Pius Akutah has assured Nigerian Shippers of continuous protection of their interests as the ports economic Regulator, as it calls for the downward review or outright removal of the current war risk insurance premium surcharge on vessels coming into the nation’s waters. He made the…
By Sylvanus OBASI The Executive Secretary of the Nigerian Shippers’ Council (NSC), Dr. Akutah Pius MON, has stated that Nigeria has no business being listed in a war risk zone and consequently mandated to pay insurance premiums Akutah made this assertion while receiving a delegation from Maritime Reporters’ Association of Nigeria (MARAN) on Thursday at…
By Sylvanus OBASI The Flag Officer Commanding (FOC) Western Naval Command of the Nigerian Navy, Rear Admiral Michael Gregory Oamen, on Wednesday, declared that Nigeria no longer has any justification to remain on the list of countries subjected to War Risk Insurance Premiums by international shipping and insurance companies. Speaking during a courtesy visit by…
By Sylvanus OBASI The Comptroller-General of Customs (CGC), Adewale Adeniyi, has reaffirmed the Nigeria Customs Service’s (NCS) commitment to a transparent, efficient, and inclusive roll-out of the B’Odogwu clearance platform, assuring stakeholders of ongoing improvements based on their feedback. He gave the assurance during a town hall meeting with stakeholders in Lagos on Monday, 21…
By Sylvanus OBASI While the Nigerian Maritime Administration and Safety Agency (NIMASA) under its Director General, Dr. Dayo Mobereola, has stated its commitment to eliminating the exorbitant and unjustifiable War Risk Insurance (WRI) premiums imposed by foreign insurance firms on Nigerian bound ships, the actual impact of their aggressive campaign remains questionable. This persistent drain…
By Sylvanus OBASI Determined to relieve external funding pressures and ensure trade facilitation between Nigeria and China, both countries engaged in a series of negotiations for a bilateral currency swap framework. Chairman Customs consultative council, Are Hakeem Olarewaju who is the Chairman of a Breakfast meeting held by Maritime reporters association of Nigeria ( MARAN),…
By Sylvanus OBASI Stakeholders at the Maritime Reporters Association of Nigeria (MARAN) Breakfast Meeting held on Tuesday April 15, 2025 have described the ‘Nigeria-China Currency Swap’ as a welcome development that would ease trade between the two nations. The ‘Nigeria-China Currency SWAP Deal’ pursues the use of the currency of both countries, Naira and Renminbi…
By Sylvanus OBASI The Central Bank of Nigeria (CBN) has described the Nigeria-China currency swap deal as a transformative policy instrument that could significantly reduce shipping costs, enhance trade efficiency, and ease foreign exchange pressure in Nigeria’s maritime industry. Speaking at a stakeholders’ breakfast meeting organized by the Maritime Reporters’ Association of Nigeria (MARAN) in…
By Sylvanus OBASI The Central Bank of Nigeria (CBN) has described the Nigeria-China currency swap deal as a transformative policy instrument that could significantly reduce shipping costs, enhance trade efficiency, and ease foreign exchange pressure in Nigeria’s maritime industry. Speaking at a stakeholders’ breakfast meeting organized by the Maritime Reporters’ Association of Nigeria (MARAN) in…
By Sylvanus OBASI The stage is set for the Maritime Reporters Association of Nigeria (MARAN) to host the much anticipated Nigeria- China Currency Swap Deal with the theme, “Navigating the Nigeria – China Currency Swap: Opportunities and Challenges for Imports, Exports and Maritime Businesses.” The meeting is scheduled to take place on Tuesday, April 15, 2025…
