Russian court fines Austrian bank Raiffeisen $400m
A Russian court has ordered Austria's Raiffeisen Bank to pay nearly $400 million in compensation to a company linked to sanctioned oligarch Oleg Deripaska. The bank says it will appeal.
Category : Search result: maritime sanctions
FIFA Sanctions Malaysia Over Ineligible Players
FIFA penalises Malaysia, awarding three 3-0 defeats for fielding ineligible players. FAM faces fines and backlash as case heads to CAS. Get the full story.
FG Issues Bakassi Deep Seaport Compliance Certificate
Cross River Governor Bassey Otu receives Federal Government's compliance certificate for the $3.5 billion Bakassi Deep Seaport, hailing it as a game-changer for Nigeria's maritime economy. Read more.
Venezuela Faces Deep Crisis as US Tightens Oil Blockade
A new US blockade on Venezuelan oil shipments could slash production and halve exports, pushing the economy deeper into crisis. Experts warn of severe impacts.
FIFA fines Malaysia $452k for forged player documents
FIFA slaps Malaysia with heavy fines and match forfeits for using ineligible players. This crackdown unfolds as Nigeria challenges DR Congo's player eligibility in World Cup playoffs. Read the full details.
Trump Announces Naval Blockade Against Venezuela
US President Donald Trump announces a maritime blockade on Venezuela, demanding the return of oil and land he claims were stolen. Get the full details on this escalating crisis.
NSC Chief: Nigeria Must Remove Barriers to Regional Trade
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.
Industry Leaders Demand Urgent Cybersecurity Framework for Maritime
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.
Nigeria risks missing blue-economy boom, NSE warns
Nigerian engineers warn policy gaps and outdated tech threaten Nigeria's share of the multi-trillion dollar blue economy.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.
N37.59tr Maritime Trade Renews Call for Local Shipping
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.
Trump Orders Naval Blockade of Venezuela Oil Tankers
US President Donald Trump announces a total blockade of sanctioned Venezuelan oil vessels, escalating tensions. Learn the details and potential impact on the global oil market.
Nigeria risks losing maritime race to Indonesia
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 decry $4.6m stowaway fines in Nigeria
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.
PDP Moves to Sack Rivers Lawmakers Over Defection
The Peoples Democratic Party (PDP) vows to use constitutional means to remove 17 Rivers State lawmakers, including Speaker Martin Amaewhule, who defected to the APC. Read the full details and political implications.
2,300 Stowaways Annually at Nigerian Ports
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.
Nigerian Shippers Protest Hostile Port System, High Costs
Nigerian shippers raise alarm over excessive levies, delays, and corruption at seaports, threatening trade. Calls for Single Window implementation grow. Read more.
Serbia's Oil Refinery Shutdown Could Cost for Years
Experts warn Serbia faces years of economic fallout, job losses, and budget risks after the shutdown of its only oil refinery due to US sanctions on Russian owners. Read the full analysis.
Cartels Smuggle Drugs in Livestock Vessels to Europe
International drug cartels are exploiting filthy livestock ships to smuggle tonnes of cocaine into Europe. Learn how poor sanitary conditions create a 'logistical nightmare' for authorities.
NNS BEECROFT Intercepts 172kg of Illicit Drugs
Nigerian Navy Ship BEECROFT has intercepted and handed over 172kg of Cannabis sativa to the NDLEA. The seizure highlights ongoing efforts to secure Nigeria's maritime domain. Read more.
ECOWAS Opens High-Level Talks Over Guinea-Bissau Coup
ECOWAS Parliament strongly condemns the military coup in Guinea-Bissau, labeling it an assault on democracy. High-level talks begin December 3rd. Read the full story.
FG Urged to Unlock N70tr Maritime Revenue for Debt
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.
Pacific Island Office Aids Sanctions-Busting Oil Smuggling
A beachside office in the Cook Islands is being used by dozens of tankers to smuggle Russian and Iranian oil, undermining Western sanctions. New Zealand expresses alarm. Read the full investigation.
WIME Congratulates Nigeria on IMO Category C Re-election
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.
Weak Standards Cost Nigeria N1 Trillion in Maritime
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.
Nigeria returns to IMO Council after 14 years
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 Returns to IMO Council After 14-Year Absence
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.
Nigeria Returns to IMO Council After 14 Years
Nigeria elected to IMO Council Category C for 2026-2027 term after 14-year absence. Minister Oyetola says victory reflects global confidence in maritime reforms and Tinubu's blue economy agenda.
Belgian PM opposes EU plan on Russian assets for Ukraine
Belgium's Prime Minister Bart De Wever strongly opposes the EU proposal to use frozen Russian assets for Ukraine funding, citing legal and financial risks for his country.
Digital Call-Up System Transforms Nigerian Port Operations
TTP's electronic call-up system Eto has scheduled over 3.38 million truck movements, reducing congestion and improving turnaround times at Lagos ports. Stakeholders urged to unite for continued progress.
CRSFA fines three teams N500k each for Cup withdrawal
Cross River FA imposes N500,000 fines on Obubra United, ABIWAVES FC, and Akpabuyo United for abandoning Governor's Cup matches. Teams must pay within 30 days or face suspension from future events.
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