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MAMAL 2025: MARAN Set to Expose Maritime Insurance Fraud in Gulf of Guinea, for End to War Risk Premiums

The Maritime Reporters Association of Nigeria (MARAN) will convene its 3rd MARAN Annual Maritime Lecture (MAMAL 2025) at the iconic Eko Hotel & Suites, bringing together maritime stakeholders to confront a pressing international issue: inflated war risk insurance charges levied on vessels calling at Nigerian ports. This year’s lecture, themed “Addressing the Burden of War […]

Customs Seizes N654m in Undeclared Foreign Currency at Kano Airport, Hands Over Suspects to EFCC

The Nigeria Customs Service (NCS), Kano/Jigawa Area Command, has intercepted over ₦653.9 million in undeclared foreign currency at Mallam Aminu Kano International Airport (MAKIA). The funds were seized from three suspects and handed over to the Economic and Financial Crimes Commission (EFCC) on Monday, 8 July 2025, during a press briefing at the Customs House […]

Apapa Customs Revives Rail Cargo Movement

The Customs Area Comptroller (CAC) of Apapa Command, Comptroller Babatunde Olomu PhD, announced a revival of rail-based cargo movement in collaboration with the Nigerian Railway Corporation (NRC). Speaking during the presentation of the Command’s 2025 half-year revenue report, Olomu confirmed that discussions are underway to establish a Standard Operating Procedure (SOP) for the transport of […]

Bank Recapitalisation: Stanbic IBTC Holdings Meets Target With #148.7 Billion

…… Promises To Reinforce Its Financial Position In a remarkable demonstration of investor confidence, Stanbic IBTC Holdings has successfully concluded its Rights Issue, raising an impressive ₦ 148.7 billion. This achievement comes alongside an extraordinary oversubscription rate of 21.9%, reflecting the firm belief and support from existing shareholders. The bank says the strategic initiative not […]

CBN Clarifies NRBVN Charges for Nigerians in Diaspora, Reaffirms Commitment to Financial Inclusion

The Central Bank of Nigeria (CBN) has clarified recent speculations regarding charges related to the newly launched Non-Resident Bank Verification Number (NRBVN) platform, affirming that no hidden fees have been introduced and that the BVN enrolment for Nigerians residing within the country remains entirely free of charge. Making the clarification in Abuja on Friday, the […]

NiMASA DG Says Nigeria is Capable of Handling Sophisticated Ship Repairs, Construction

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, has stated with confidence that Nigeria has the capability to handle sophisticated ship repairs and construction. Dr. Mobereola said this during an inspection visit to Nigerdock at Snake Island integrated Free Zone, Lagos Dr. Mobereola was at Nigerdock to assess […]

Nigeria’s Pride: Maritime Journalists Celebrate Adeniyi’s Groundbreaking WCO Appointment

The Network of Nigerian Maritime Journalists (NNMJ) has applauded Comptroller-General Adewale Adeniyi’s historic election as Chairperson of the World Customs Organization (WCO), calling it a monumental achievement for Nigeria and global customs leadership. In a joint statement signed by NNMJ Chairman Dele Aderibigbe and Secretary Moses Ebosele, the group described Adeniyi’s June 28 appointment in […]