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Nigeria, China Opens $2b Maritime Investment 

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The Federal Government, through the Ministry of Marine and Blue Economy, is set to advance a Nigeria/China Maritime Strategy aimed at unlocking over $2 billion in shipping investment.
The initiative, expscted to accelerate indigenous vessel ownership and position the country as a regional maritime hub, has been formally presented to the Minister of Marine and Blue Economy, Adegboyega Oyetola, at the Ministry’s headquarters in Abuja.
The $2 billion investment deal is the result of a strategic collaboration between the Nigeria-China Strategic Partnership (NCSP) and the Global Investment Advisory Community (GIAC), through its Nigerian operator, Anabel Capital.
The strategy is designed to catalyse local participation in the maritime industry by capitalising Nigerian-owned shipping companies and linking them with Chinese shipyards, charter firms, and investment banks.
It also outlines substantial investment in vessel acquisition, maritime training institutions, and the procurement of modern training vessels.
According to the economic blueprint, the initiative will deliver $2 billion in vessel investments, $20 billion in freight contracts for Nigerian operators, $200 million for maritime training, and $50 million for training vessels.
The programme is expected to create over 2,000 new maritime jobs annually, train 25,000 globally certified Nigerian seafarers, and build a robust local shipping ecosystem.
Minister Oyetola described the strategy as a “game changer” that aligns with the Ministry’s overarching priorities for sectoral reform and economic growth
He stressed the need to rapidly build indigenous capacity, deepen public-private collaboration, and transition toward Nigerian ownership of commercial vessels.
Also present at the meeting were Permanent Secretary of the Ministry, Mr. Olufemi Oloruntola; Managing Director/CEO of the National Inland Waterways Authority (NIWA), Mr. Munirudeen Bola Oyebamiji; Director-General of the NCSP, Mr. Joseph Tegbe; Managing Director of Anabel Capital, Dr. Nicholas Okoye; and Project Manager at NCSP, Ms. Lela Omo-Ikirodah.
The Nigeria–China Maritime Strategy forms part of broader efforts to translate strategic diplomacy into high-impact, private-sector-driven economic outcomes, in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu.
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CBN Comptroller Warns Against Naira Sale

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Branch Comptroller of the Central Bank Of Nigeria (CBN), Port Harcourt, Mr. Tom George Ibiso, has cautioned members of the public against the selling of the Nigerian currencies, the Naira.
Ibiso said this in an interview with newsmen shortly after being inducted as fellow of the Nigerian Institute of Corporate Administration of Nigeria in Port Harcourt.
The induction took place during the 23rd Annual General Meeting of the institute in Port Harcourt.
“I encourage the public, please do not go about selling currencies that we give out for use”.
He also called on marketers to put the nation’s currencies into judicious use.
“I will appeal to marketers, please use it consciously so that we don’t keep changing our currencies over and over”, he said.
Ibiso, who commended the institute for the award, said the gesture will spur him to greater heights as far as his work was concerned in the CBN.
According to him, he would ensure the availability of the currencies: “I will make sure that currencies are as many  everywhere, that Banks are being given currencies and I encourage the public to not go about selling these currencies that we give out”.
The CBN Port Harcourt Branch Comptroller, who said he has been in public service for a long time, described the award as a big surprise, pledging not to disappoint the public.
By: John Bibor
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Flight Distruption Looms, As Aviation Workers Prepare For Strike 

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Tension is currently brewing in the aviation sector over the likelihood of distractions in flight across the country, as Nigerian aviation workers’ unions have issued a notice of service withdrawal to the Federal Government, effective from Monday, August 11, 2025.
The notice was contained in a statement signed by the General Secretaries of the Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), National Union of Air Transport Employees (NUATE), Association of Nigeria Aviation Professionals (ANAPS), and the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employees (AUPCCSTRE), which was made available to aviation correspondents.
The unions lamented the prolonged delay in implementing a new salary structure for workers under the Nigerian Airspace Management Agency (NAMA), despite the conclusion of salary adjustment negotiations with the agency’s management eight months ago.
“Recognising that notice of ultimatum has already been issued and served by our branches, which our national unions have adopted, a seven-day notice of withdrawal of services from today, Thursday, the 31st day of July, 2025, is hereby issued,” the statement read in part.
After the expiration of the ultimatum, the union insisted on a total withdrawal of services by 5:00 hours on Monday. The workers, through their strike notice, directed all NAMA staff to stop all services with effect from Monday, August 11, 2025, at 05 hours indefinitely.
“All Airlines and allied companies, as well as the flying public, are hereby informed of the above-stated action and advised to make alternative travel arrangements.
“All staff shall comply with this directive, and only joint communication from the National Secretariats of the above-named Unions shall be heeded with regard to further directives on this matter”, the letter stated.
It was sent to the Minister of Aviation and Aerospace Development, Festus Keyamo, and copied to the Managing Director/CEO of NAMA, FAAN, the Commissioner of Police, Airports Command, the Directors of State Security (All Airports), and Airline Operators of Nigeria.
The strike notice implies that all flight operations will be suspended, and the entire industry will be grounded, causing disruptions to travelers and the economy.
By: Corlins Walter
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Freight Forwarders Raise Alarm Over Govt Reforms Sabotage 

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The National Association of Government Approved Freight Forwarders (NAGAFF) has called for the deregistration of four associations with a request for the withdrawal of their Corporate Affairs Commission (CAC) certificates for national interest.
This follows what is perceived as an agenda to sabotage government reforms in the Marine and Blue Economy sectors,
NAGAFF said it had carefully observed recent actions by the Association of Nigerian Licensed Customs Agents,  (ANLCA), Association of Registered Freight Forwarders of Nigeria (AREFF),  National Association of Air Freight Forwarders and Consolidators (NAFFAC), and  National Council of Managing Directors of Licensed Customs Agents,  (NCMDLCA) since the appointment of the current Registrar of the Council for the Regulation of Freight Forwarding in Nigeria, CRFFN, Mr. Kingsley Igwe.
These groups have publicly aligned with a court judgment obtained by Mr. Lucky Amiwero of NCMDLCA in Suit No. FHC/L/CS/765/2018, claiming that CRFFN lacks the authority to regulate customs agents and collect Practitioner Operating Fee (POF), even when the CRFFN has appealed and filed a stay of execution, rendering the ruling unenforceable.
Speaking at a media briefing in Lagos, National President, NAGAFF, Chief Tochukwu Ezisi, said those who no longer believe in CRFFN’s mandate should exit the stage, adding that the government should investigate the economic and regulatory sabotage being carried out under the guise of activism.
He said: “These groups have often failed in their statutory financial obligations to CRFFN. ANLCA and NCMDLCA must align their identities with the new Nigeria Customs Service (NCS) Act 2023.
“We recommend that CRFFN consider the deregistration of these four associations and request the withdrawal of their CAC certificates in national interest.
“Despite these distractions, NAGAFF remains proud of the performance of the current Registrar. Under one year, he has shown exceptional leadership, including: expanding CRFFN’s funding beyond POF to improve financial sustainability; commenced the training of one thousand freight forwarders in 2025, a capacity-building initiative which has seen a successful training of 300 freight forwarders already; and driving digital modernization and stakeholder collaboration to strengthen CRFFN’s regulatory role.
“We hereby pass a vote of absolute confidence on the leadership of the CRFFN Registrar/CEO under the supervision of the Minister of Marine and Blue Economy, Adegboyega Oyetola.”
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