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AfCFTA Will Fail Without Clear, Measurable Policies — Segun Musa

Maritime industry expert, Dr. Segun Musa, has warned that the African Continental Free Trade Area (AfCFTA) will not deliver meaningful benefits for Nigeria unless backed by clear, holistic, and measurable policies. Speaking at a roundtable organized by the Maritime Reporters Association of Nigeria (MARAN), Musa criticized Nigeria’s “ceremonial participation” in AfCFTA, arguing that genuine engagement […]

CBN Receives Locally Sourced LBMA-Standard Gold into Foreign Reserves

…As Cardoso Advocates Reforms to Unlock Nigeria’s Mineral Potential The Central Bank of Nigeria (CBN) has taken delivery of responsibly sourced gold refined to London Bullion Market Association (LBMA) Good Delivery standards into its foreign reserves. This brings the CBN’s total gold holdings to $3.5 billion, marking a significant step in its reserve diversification strategy. The gold, […]

Indigenous Maritime Tourism Investors Visit NIWA, Pledge to Unlock Opportunities in Maritime Tourism

By Tunde Ojudun A coalition of indigenous maritime tourism and transportation investors has pledged to unlock strategic opportunities aimed at developing Nigeria’s vast but underutilized maritime tourism economy, with a focus on empowering littoral communities in Lagos and across the country. The group, Allied Concessionaries and Blue Economy Alliance, made this commitment during a courtesy […]

2025 NPA Report Highlights Export Trade Expansion, Signaling Progress in FG’s Economic Diversification

The 2025 Operational Performance Report released by the Nigerian Ports Authority (NPA) has revealed that Nigeria’s maritime sector recorded a historic surge in activity in 2025, driven by increased cargo throughput, rising container traffic, and a growing export footprint — a development that underscores the Federal Government’s commitment to economic diversification. According to the report, […]

MWUN Condemns Killing of Ex-VPG Comrade Alfred Etete, Calls for Justice

By Tunde Ojudun The Maritime Workers’ Union of Nigeria (MWUN), under the leadership of President-General Comrade Francis Bunu Abi and his executives, has strongly condemned the brutal killing of Comrade (Chief) Alfred Etete, a retired Vice President-General of the Union’s Seamen, NIWA & Water Transport Branch. Chief Etete, a respected community leader in Agwut-Obolo, Rivers […]

CBN: Nigeria’s Net Reserves Climb to $34.8 billion Amid Stronger External Position

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has disclosed that Nigeria recorded a significant rise in both gross and net foreign reserves at the close of 2025, underscoring renewed strength in the country’s external sector and the impact of ongoing monetary reforms. Following his disclosure at the post-Monetary Policy Committee […]

Customs Advocates Impact-Driven Reform Communication at WCO Capacity Building Session

By Tunde Ojudun The Nigeria Customs Service (NCS) showcased its impact-focused reform communication model at the 17th Session of the Capacity Building Committee of the World Customs Organisation (WCO), held at its Headquarters in Brussels from 25 to 27 February 2026. Delivering a presentation titled “Communicating the Results of Capacity-Building Initiatives More Effectively: Nigeria Customs […]