Despite Piracy Decline, Importers Pay $1.5bn War Risk Premium   Despite the reduction in piracy attacks in the Gulf of Guinea, importers paid $1.5bn as war risk insurance premiums on Nigeria-bound cargoes in the last three years. This came as operators, including shipowners and ship captains, rejected...

Energy Transition: Nigeria, Equatorial Guinea Ink Pipeline Deal As part of the commitment to its gas expansion and energy transition programmes, Nigeria on Wednesday evening signed an agreement on Gulf of Guinea Pipeline Project with the Republic of Equatorial Guinea. President Bola Ahmed Tinubu, who is...

Nigeria, Others Lost $793.7m To Maritime Insecurity – NIMASA DG       Nigeria and other countries on the shores of the Gulf of Guinea lost $793.7m in 2016 as a result of maritime insecurity, the Nigerian Maritime Administration and Safety Agency has said. The Director-General, NIMASA, Dr Bashir...

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...

Nigeria Has 70% Of Trade In Gulf Of Guinea - Saraki   Sen. Gbemisola Saraki has said Nigeria is a destination of choice in terms of trade as 70 percent of the Gulf of Guinea trade takes place here. A statement by the, Head, Press & PR,...

EU Pledges €155m To Fight Piracy, Oil Theft Along Gulf Of Guinea The European Union (EU) on Monday disclosed that it had earmarked the sum of €155m in terms of support and other logistics towards the implementation of the Economic Community of West African States...