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...

Experts Lament Minimal Impact of Huge Crude Earnings as Exports Hit N123tn Nigeria exported N123.3tn worth of crude oil between 2013 and 2022, a report on international shipping trade by the Nigerian Maritime Administration and Safety Agency showed. The report titled, ‘The Role of the Maritime...

Deep Blue Project: Oyetola Vows to Sustain Zero Piracy Incidence in Nigerian Waterways The Minister of Marine and Blue Economy, Adegboyega Oyetola, on Thursday, expressed his commitment to sustaining the gains of the Deep Blue Project, with a view to ensuring maximum security of the...

Tinubu Appoints Dayo Mobereola as NIMASA Boss  President Bola Tinubu has approved the appointment of Dr. Dayo Mobereola as the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), with a renewable term of four years. Dr. Mobereola’s appointment comes following the departure of Mr...

Tinubu and the Quest to Secure Nigeria’s Natural Resources By Temitope Ajayi For many decades, Nigeria’s move towards rapid development and economic growth was impaired by poor revenue despite the country's abundant natural resources. The country's unsavoury economic situation was also compounded by the almost crippling foreign...

President Tinubu Appoints Six Executive Directors For NPA, NIMASA President Bola Tinubu, on Thursday, appointed six new executive directors in the Nigerian Ports Authority and the Nigerian Maritime Administration and Safety Agency. Both agencies are under the Federal Ministry of Marine and Blue Economy. Special Adviser to...