Maritime industry stakeholders have applauded the Nigeria/China currency swap initiative recently embarked upon by both countries, even as they urged the Federal Government to watch out for possible long terms adverse consequences of the deal. The critical maritime industry operators were unanimous that while the currency swap deal remains a transformative policy instrument that will significantly reduce shipping costs, enhance …

The Maritime Reporters’ Association of Nigeria (MARAN) will be examining the Nigeria-China Currency Swap deal at an event on 15 April. It is coming on the heels of global trade frenzy ignited by United States President Donald Trump’s controversial tariff hike on imports into the country. Themed, “Navigating the Nigeria-Peoples Republic of China Currency Swap: Opportunities and Challenges for Import, Export …

The Director of Research, Sea Empowerment Research Centre, Dr. Eugene Nweke has appealed to stakeholders in the maritime industry to allow the implementation of the International Cargo Tracking Note (ICTN) which would in turn add value to the Nigerian ports system. Since the news of the planned reintroduction of the ICTN filtered in, the subject has generated a heated debate …

A private security firm engaged by the Federal Government to secure crude oil theft from Nigeria has said that the nation is currently saved of a daily loss of a whopping $43.2 million hitherto fretted away. The Niger Delta based company, Tantita Security Services Nigeria Limited whose multi-billion Naira contract generated public uproar, said it has justified its engagement as …

Former Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Barrister Temisanre Omatseye has raised an alarm over alleged underhand transactions in which commercial ships approaching the nation’s seaports are being arm-twisted to pay $10,000 daily for security escorts. Delivering a lecture at the maiden Annual Maritime Lecture of the Maritime Reporters Association of Nigeria (MARAN) on Wednesday In …

The maiden edition of the Maritime Reporters’ Association of Nigeria (MARAN’s) annual lecture is set to focus on maritime safety. Earlier scheduled for 21st November, the MARAN Annual Maritime Lecture (MAMAL) will now take place on Wednesday, 29th November 2023. According to a statement by the association’s President, Mr. Godfrey Bivbiere, the lecture, whose theme is ‘Maritime Security: Emerging Threats …