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Supreme Court bars FG from controlling lands adjoining waterways for non-navigational purposes
Supreme Court has in a unanimous ruling stopped the Federal Government from controlling lands adjoining waterways for non-navigational purposes within states of the federation. The court by its ruling, Friday further voided contentious portions of the National Inland Waterways Authority (NIWA)…
FG begins certification processes for 5 proposed deep seaports
Federal Government has approved certification processes for five proposed deep seaports. Federal Government has approved certification processes for five proposed deep seaports in the country. The move is aimed at halting a reported loss of over 70 per cent of…
APM Terminals commits $600m to upgrade Apapa port
APM Terminals has pledged to invest $600 million in the modernization of Nigeria’s Apapa container terminal and surrounding logistics infrastructure, reinforcing its long-term commitment to the country’s maritime sector despite uncertainty surrounding the future of its operating concession. The investment…
Global market has lost 880mb of oil ‘forever,’ says Saudi Aramco
Saudi Aramco has issued one of the starkest warnings yet about the state of the global energy market, declaring that nearly 880 million barrels of liquid hydrocarbons have effectively vanished from global supply chains as the Strait of Hormuz crisis…
From Epic Fury to Project Freedom: U.S. pushes back Iran in the Strait of Hormuz
Full Story: Oracle reporters, with agency reports A fragile calm in the Strait of Hormuz gave way to renewed confrontation this week as U.S. forces engaged and repelled a wave of Iranian attacks, marking a sharp escalation around one of…
Shipping: MSC charts new route to bypass Strait of Hormuz
Frank Okon Global shipping is adjusting to rising instability in the Middle East, with Mediterranean Shipping Company (MSC) announcing a new Europe–Red Sea–Middle East express service aimed at keeping cargo moving while bypassing one of the world’s most volatile maritime…
US forces move to reopen Strait of Hormuz, Iran fires at ships, UAE
Ziggy Ojiegbe The United States military said Monday it engaged Iranian forces and sank six small boats as it moved to reopen the Strait of Hormuz, a vital artery for global energy shipments, amid renewed tensions with Tehran. The operation…
Nigerdock celebrates 40 years operational excellence
Nigerdock has marked its 40th anniversary, highlighting four decades of operations in Nigeria’s maritime and industrial sectors and underscoring its role in supporting trade, infrastructure and workforce development. Speaking on the milestone, Chief Executive Officer Maher Jarmakani said the company’s…
Oil slumps as Strait of Hormuz reopens despite U.S. blockade on Iran
Ziggy Ojiegbe Iran said it has fully reopened the Strait of Hormuz to commercial shipping, triggering a sharp drop in global energy prices and raising cautious optimism that tensions with the United States may be easing, even as Washington insists…
UN demands ceasefire sanctity amid Hormuz tensions
Ziggy Ojiegbe UN Secretary-General António Guterres has called on the United States and Iran to continue negotiations to end their weeks-long conflict, warning that there is no military solution as tensions persist around the Strait of Hormuz. Speaking through his…
