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News

Nigeria Pays $1.5 Billion in Unjustified War Risk Insurance

Despite a significant reduction in piracy within the Gulf of Guinea, Nigerian importers have paid $1.5 billion in war risk insurance (WRI) premiums...

IMO Council Seat
News

Nigeria Seeks IMO Council Seat, Aims for Maritime Leadership

Nigeria is positioned to elevate its global maritime standing by vying for a coveted seat on the International Maritime Organization (IMO) Council. This...

Ports Authority Tariff Increase
News

Nigerian Ports Authority Secures 15% Tariff Increase After 30 Years, Sparks Debate

The Nigerian Ports Authority (NPA) has finally secured approvals to increase its tariffs by 15 percent, the first such adjustment in a staggering...