Category : Maritime


Nigeria Loses N8 Trillion Yearly to Maritime Failures

A presidential advisory paper by SEREC highlights that Nigeria loses nearly N8 trillion yearly due to maritime inefficiencies, misaligned policies, and weak execution, threatening economic growth and regional competitiveness under AfCFTA.

Shipping Firms Knock NPA Over Poor Services, Insecurity

The Shipping Association of Nigeria has raised concerns with the National Assembly about operational inefficiencies, inadequate tugboats, double billing, and security lapses at ports, impacting costs and competitiveness.

Navy Intercepts Stowaways Off Lagos Coast

The Nigerian Navy has intercepted three suspected stowaways aboard the merchant vessel MSC STELLA off Lagos. The operation demonstrates the Navy's commitment to maritime security and search and rescue missions.

Nigeria Loses $10B Yearly to Maritime Issues

A SEREC report reveals systemic inefficiencies, cartels, and maritime exploitation cost Nigeria over $10 billion annually, urging reforms to curb resource leakages and trade distortions.

NSC Pegs Tariff Adjustment at 10-20% for Maritime Operators

The Nigerian Shippers' Council has approved a tariff adjustment of 10-20% for terminal operators and shipping companies, citing legal mandates and economic considerations to balance operational costs with national trade competitiveness.

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