Nigeria's ambition to become West Africa's maritime hub is faltering as seven deep-seaport projects stall, needing $14bn. Lekki Port operates at just 20% capacity. Experts urge policy review and a 'Prioritisation Matrix'.
A new report reveals criminal gangs are using 'legitimate' forwarding businesses to move drugs via commercial vessels. SEREC calls for urgent tech and institutional reforms to secure Nigeria's ports and supply chains. Read more.
APM Terminals and Barging Marine Solutions sign exclusive lease to expand Apapa port services, aiming to ease congestion and boost trade capacity. Read the full story.
Ecobank Group and Bank of China sign MoU to enhance trade, payments, and RMB services between Africa and China, building on a partnership started in 2010. Read more.
Nigerian maritime stakeholders call for tax exemptions and clear guidelines for seafarers before the 2026 tax reform. They warn the new regime could unfairly burden this vital workforce.
The Nigerian Navy rescued 20 crew members after their vessel, MV Chimba Express, caught fire on the Calabar waterways. One crew member remains missing as search efforts continue. Read the full report.
China imposes duties up to 42.7% on EU dairy, escalating a trade spat. EU calls the move unjustified. Get the latest on this economic clash.
Nigerian Navy Ship BEECROFT has transferred 58 seized bags of foreign parboiled rice to Customs. The interception highlights ongoing efforts to curb smuggling in Lagos waters.
Brazil's President Lula da Silva calls on the European Union to finalize the long-delayed Mercosur trade pact, aiming to create the world's largest free trade zone. Read the latest updates.
The historic EU-Mercosur trade pact, creating the world's largest free trade zone, faces delay due to farmer protests. A new signing date is now targeted for January 12 in Paraguay. Get the full details.
A landmark EU-Mercosur trade deal, 20 years in the making, faces a crunch vote. While promising a massive free-trade zone, it sparks fierce protests from European farmers fearing cheap imports. Read the full details.
A landmark EU-Mercosur trade deal faces a major setback as Italy and France demand more safeguards for farmers, casting doubt on a signing ceremony planned for this weekend in Brazil.
NSC CEO Pius Akutah urges Nigeria to become a maritime hub, detailing reforms in ports, dry ports, transit parks & dispute resolution saving billions. A must-read for business.
UNCTAD projects global trade will exceed $35 trillion in 2025, driven by emerging markets. However, growth is expected to slow in 2026. Read the full analysis.
Maritime experts warn of rising AI-driven cyberattacks on Nigeria's ports and vessels. Stakeholders push for a national cybersecurity framework to protect trade and national security. Read the full report.
Nigerian engineers warn policy gaps and outdated tech threaten Nigeria's share of the multi-trillion dollar blue economy. Urgent action needed to harness ocean wealth.
Nigeria's massive N37.59 trillion sea trade in Q3 2025 highlights a critical need for a strong indigenous shipping industry. Experts warn of billions in annual losses and urge action on the dormant Cabotage Fund to reclaim maritime wealth.
China has imposed final anti-dumping duties on EU pork imports for five years, at reduced rates. The move follows trade tensions and an investigation into harm to China's domestic industry. Get the full details.
China announces five-year anti-dumping duties on EU pork imports, effective Dec 17. Rates are 4.9% to 19.8%, lower than previous temporary tariffs. Read the full trade dispute analysis.
Arctic Snowplows, a Canadian manufacturer, faces uncertain times as US tariffs add $500 to its products, driving away American customers. Discover the impact of the trade war.
Nigeria is falling behind Indonesia in the blue economy race, warns Maritime Innovations Hub CEO Ronke Kosoko. Urgent investment and action are needed to close the gap. Read more.
Shipping lines in Nigeria pay $4.6 million annually to repatriate stowaways, despite paying security fees in dollars. SAN Chairman Boma Alabi criticizes the failed security system.
Lagos State announces a week-long MSME trade fair to empower small businesses, foster economic inclusion, and create jobs. Event runs from December 8-14 at Surulere National Stadium.
The Shipping Association of Nigeria reports 2,300 security breaches by stowaways yearly, costing firms $2,000 per case. Port security agencies dispute the figures. Read more.
US retail giant Costco sues the Trump administration, demanding a refund for tariffs paid on imports. The case challenges the legality of Trump's trade policy. Read the full story.
Olisa Agbakoba Legal urges FG to implement maritime reforms, unlocking N70 trillion yearly to service Nigeria's N152.4 trillion public debt and stop massive revenue losses.
Women in Maritime and Energy (WIME) celebrates Nigeria's re-election to IMO Council Category C, calling it a win for Africa's maritime leadership and a boost for the blue economy. Read more.
Maritime experts reveal Nigeria's blue economy loses N1 trillion yearly due to foreign dependence and weak standards. Discover how technical sovereignty could transform the sector.
President Tinubu celebrates Nigeria's election to IMO Council after 14-year absence. A major win for maritime safety and blue economy ambitions. Read more!
Nigeria has regained its seat in Category C of the International Maritime Organization Council, strengthening its global maritime influence. NPA MD Dantsoho credits Minister Oyetola's leadership for this achievement.