Foreign
Tantita Security Confirmed Official Sponsor As 2025 OTC Kick-starts Monday
By Sylvanus OBASI Foremost security provider in Nigeria, Tantita Security Services Nigeria Limited (TSSNL) has been confirmed as the official sponsor of the 2025 Offshore Technology Conference (OTC) scheduled to hold in Houston Texas, United States on 5-8 May , 2025 . Executive Director, Technical and operations , Tantita security services Limited, Captain Wareddi Enisuoh …
Olarewaju, Farinto Urge Maritime Stakeholders To Maximise Opportunities Of Nigeria – China Currency Swap Deal
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),…
NPA, NSC, NAGAFF Back Nigeria-China Currency Swap Deal
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…
Stakeholders Caution On Long-Term Implications As CBN Enumerates Gains Of Nigeria-China Currency Swap
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…
NIMASA Moves To Save Nigeria $400b Annually By Ending WRI Premium
War risk insurance (WRI) is an additional surcharge imposed by international shipping companies on cargo bound for Nigeria. It comprises two key components: war risk liability, which covers people and goods aboard the vessel and is calculated based on the indemnity amount, and war risk hull, which covers the vessel itself and is determined by…
CORAF Upgrades NIOMR To Regional Centre Of Excellence
By Sylvanus OBASI The Nigerian Institute For Oceaonography and Marine Research (NIOMR) has been upgraded from its present status as National Centre of Excellence to a higher status known as Regional Centre of Excellence. This status upgrade was done by The West and Central African Council for Agricultural Research and Development (CORAF) after a 3…
US Coast Guard Commends Nigeria’s ISPS Code Implementation Level
…We Will Sustain Momentum – NIMASA DG. The United States Coast Guard has commended Nigeria, and the Nigerian Maritime Administration and Safety Agency (NIMASA), for what the Coast Guard described as considerable progress in the implementation of the International Ships and Ports Facility Security (ISPS) Code. This was made public by Joe Prince Larson…
ILO: Nigeria Reinforces Advocacy For Formal Designation, Elevation Of Seafarers, Others
By Sylvanus OBASI The Federal Government of Nigeria through its Ministry of Marine and Blue Economy, and the Nigerian Maritime Administration and Safety Agency (NIMASA), has continued its advocacy for the formal designation of seafarers as key workers. This, the government explained, would ensure legal protection, and a harmonized framework between the International Labour Organisation…
Africa’s Maritime Sector Set For Green Shipping – Oyetola
…We Must Prioritise Sustainable, Responsible Maritime Practices – Mobereola Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola has called on Maritime stakeholders across Africa to leverage the continent’s renewable energy potential to become a global leader in green shipping. The Minister made the remark at the maiden Africa Strategic Summit on Shipping Decarbonization, held…