Sea & Ships

Stakeholders in Nigeria’s trade and logistics sectors have called on the federal government to pursue comprehensive air cargo and multimodal logistics reforms to position the country as a leading trade hub under the African Continental Free Trade Area (AfCFTA) framework. (premiumnewsdaily.com.ng) During a policy roundtable in Lagos, industry experts said that enhancing Nigeria’s air cargo…

Experts and industry stakeholders have highlighted that implementing cargo consolidation strategies across Nigeria’s seaports and trade corridors could unleash a significant jobs boom while lowering logistics costs and enhancing the country’s competitiveness in global trade. (thenationonlineng.net) Cargo consolidation refers to the grouping of smaller shipments into larger, more cost-efficient units, enabling freight forwarders, logistics firms,…

The World Customs Organization (WCO) has praised Nigeria’s recently completed Time Release Study (TRS) as a significant achievement in advancing safer, more efficient trade across Africa’s borders, according to a joint statement by Nigerian customs authorities and international partners. (globalfreightnews.com.ng) The TRS — a globally recognised diagnostic tool developed by the WCO to measure the…

SIFAX Marine Services Limited has unveiled an ambitious asset-led expansion strategy for 2026 aimed at transforming its business model and strengthening its participation in Nigeria’s offshore and oil and gas marine services markets. In a statement outlining the company’s growth plan, Afolabi Olayinka, Executive Director of SIFAX Marine, said the company is shifting away from…

The Sea Empowerment and Research Centre (SEREC) has cautioned that poor regulation of shipping line conduct threatens to erode the gains of Nigeria Customs Service (NCS) reforms, particularly those aimed at improving trade facilitation and port efficiency. SEREC’s Head of Research, Dr. Eugene Nweke, stated in Abuja that while the National Single Window (NSW) and…

The Sea Empowerment and Research Centre (SEREC-RGT) has urged President Bola Ahmed Tinubu and Osun State Governor Ademola Oyetola to expedite the inauguration of the Governing Council for the Corporate Social Responsibility Fund for Fisherfolk and Navigators (CRFFN), emphasising its strategic importance for sustainable maritime development and community empowerment. (mmsplusng.com) In a statement released following…

The Sea Empowerment and Research Centre (SEREC-RGT) has emphasised that reforming port and shipping charges is essential not only for operational efficiency but also for controlling inflation and strengthening Nigeria’s trade competitiveness, according to a policy statement released following recent industry reviews. (journalng.com) In its analysis, SEREC noted that unregulated and opaque fee structures at…

The Sea Empowerment and Research Centre (SEREC-RGT) has cautioned that persistent regulatory gaps in port and shipping charges governance could cost the Nigerian economy between ₦500 billion and ₦700 billion annually and worsen inflation pressures, according to a policy memorandum submitted to the Ministry of Marine and Blue Economy and the Nigerian Shippers’ Council. The…

January 7, 2026 — Source: DailyTrend The Nigeria Customs Service (NCS), Seme Area Command announced a record revenue performance in 2025, generating ₦15,598,945,794.00, a remarkable 117 % increase compared to the ₦7.17 billion collected in 2024. This represents the highest annual collection in the Command’s history. In December 2025, Seme Customs recorded its highest‑ever single‑month revenue of…

The Nigeria Customs Service (NCS), Apapa Area Port Command has announced that it collected ₦2,930,508,827,110.32 in revenue during 2025, marking a 24.32 % increase compared with the ₦2.36 trillion generated in 2024. This performance reaffirms Apapa’s status as Nigeria’s premier revenue hub within the customs service. Comptroller Emmanuel Oshoba, the Customs Area Controller, credited the strong results…