Nigeria, Ghana Collaborate to Wrestle insecurity in Gulf of Guinea At the behest of the governments of Nigeria and Ghana, the navies of both countries have met to forge measures to tackle heightening insecurity and enforce their respective territorial integrity in the Gulf of Guinea. The...

Govts, Companies Raise N4.6trn From Capital Market In Five Months       Nigerian governments and companies have raised some N4.6 trillion in new capital from the capital market so far this year, already more than 100 per cent above the total capital raising recorded for the whole...

Nigeria Loses $70m To Illegal Fishing Annually       The House of Representatives has expressed worry that Nigeria loses $70 million yearly to Chinese and other European trawlers due to illegal fishing in the nation’s waters as observed by the Nigerian Navy in 2017. As a result, the...

Nigeria, Others Lose N380bn Annually To Gulf Of Guinea Piracy Nigeria and other countries in the Gulf of Guinea have lost N380 billion yearly to sea robbers and pirates between 2015 and 2019. Data presented at the Nigerian Admiralty Colloquium in Lagos also showed that...

Fed Govt To Begin $195m Maritime Security Project Q1 2021       The federal government has disclosed that barring any unforeseen circumstance, the $195 million Integrated National Security and Waterways Protection Infrastructure, also called the Deep Blue Project, which has suffered many delays will commence in the...

AfDB Develops 3-year Project For Revenue Generation In Extractive Industry           The African Development Bank (AfDB) has developed a three-year project in response to demands by member countries for technical assistance to monitor revenues generated from their extractive industries. The AfDB made this known during a virtual...