Author: Vera
The Nigeria Deposit Insurance Corporation (NDIC) and the House Committee on Insurance and Actuarial Matters have strengthened their partnership to promote economic stability in Nigeria. This collaboration was evident at the 2025 Stakeholders Workshop held in Lagos, themed “Navigating Financial Disruptions: Strengthening the NDIC’s Mandate for Economic Stability. The workshop brought together key stakeholders to discuss strategies for navigating financial disruptions and enhancing the NDIC’s mandate. By fostering dialogue and cooperation, the NDIC and the House Committee aim to – *Strengthen Economic Stability*: Enhance the NDIC’s role in maintaining financial stability and promoting economic growth. *Navigate Financial Disruptions*: Develop strategies…
The Maritime Workers Union of Nigeria (MWUN) has condemned the inhumane living conditions of its seafarer members on board vessels belonging to Ship & Shore Services Ltd in Lagos. The union’s President-General, Comrade Francis Bunu Abi, expressed outrage over the inhumane treatment of crew members on vessels MT Bawarza, Battle Axe, and MT Spain. This was disclosed in a press release by Comrade John Kennedy Ikemefuna, the union’s Head of Media on 23rd April, 2025. According to the union, the crew members were subjected to unhygienic health facilities, poor living conditions, and disregard for safety standards, exposing them to infections…
As Onne Multipurpose Terminal (OMT) berthed its largest vessel in history, Chief Operating Officer of OMT, Jim Stewart has praised the Managing Director of Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho for supporting and improving port efficiency, saying the Authority under his watch has been instrumental to the successes of the terminal. The milestone event occurred on Wednesday, April 16, 2025, further underscoring OMT’s growing prominence as a hub for large-scale maritime trade in West Africa. Flying the Singaporean flag, the vessel, Kota Carum owned by Pacific International Lines (PIL), one of Asia’s leading shipping companies is a mega container…
The National Drug Law Enforcement Agency (NDLEA) Tin Can Island Port Strategic Command has confiscated over 400 kilograms of illicit drugs worth N134 billion in 2024 and the early period of 2025. Commander of Narcotics, Mitchell Ofoyeju, disclosed this during a visit by the Executives of the Association of Maritime Journalists of Nigeria (AMJON) to his office at Tincan Island, Lagos. A document made available to Journalists showed a staggering 405.46kg of illicit drugs seised, comprising: cannabis indica – 3,666.19kg; Tramadol – 13.75kg and 57.12kg of cocaine among various quantities of other controlled drugs. According to Commander Ofoyeju, the deployment…
On April 15, 2025, the Maritime Police Command welcomed a delegation from the Association of Maritime Journalists of Nigeria (AMJON) for a significant courtesy visit aimed at fostering collaboration and improving maritime security. The meeting, held at the Command Headquarters, was led by AIG Musa Yusuf Garba, who emphasized the vital role of the media in shaping public perception and supporting law enforcement efforts. During the visit, AMJON President Mr. Kelvin Kagbare commended the Inspector-General of Police, IGP Kayode Egbetokun, for the ongoing initiatives to enhance policing within Nigeria’s maritime sector. Kagbare highlighted the importance of this interaction as a…
At the forefront of a transformative dialogue on financial inclusion, Mr. Stephen Alangbo, Managing Director/CEO of Cornerstone Insurance Plc, spotlighted critical barriers preventing Nigerian youths from engaging with insurance and digital financial services. Speaking at the Finance and Business Online Publishers (FiBOP) Empowerment and Youth Development Program on April 16, 2025, Alangbo emphasized the need to overcome trust issues, knowledge gaps, and cultural misconceptions. Represented by Kayode Odetola, Head of Retail at Cornerstone, Alangbo addressed a diverse audience at the MUSON Centre in Onikan, Lagos. He pointed out that a significant lack of awareness regarding insurance remains a pervasive challenge.…
The Finance and usiness Online Publishers Association (FiBOP) is proud to announce its 2025 Youth Capacity Building and Empowerment Program, scheduled to take place on April 15, 2025, at the prestigious MUSON Centre in Lagos. This year’s event theme, “Empowering Nigerian Youths with Knowledge of Insurance, Digital Payment and Investment to Drive Financial Inclusion,” underscores the organization’s commitment to promoting financial inclusion and empowering the next generation of leaders. Prominent Guest and Extensive Support The Deputy Governor of Lagos State, Dr. Kadri Obafemi Hamzat, has graciously accepted FiBOP’s invitation to serve as the Special Guest of Honour, further solidifying the…
The Director General of Delta State Bureau for Communications and Orientation, Dr. Fred Latimore Oghenesivbe, has stated that former Governor Senator Dr. Ifeanyi Arthur Okowa’s endorsement of Governor Sheriff Oborevwori for re-election in 2027 is a testament to the governor’s exceptional performance and leadership. This endorsement is a clear indication that Senator Okowa is proud of the monumental achievements of Governor Oborevwori in the past 22 months and counting. The endorsement is a significant boost to Governor Oborevwori’s re-election bid, and it highlights the robust relationship between the two leaders. The relationship between Governor Oborevwori and Senator Okowa will continue…
The 2025 Women’s African Club Volleyball Championship kicked off on Thursday, April 3, 2025, at the Moshood Abiola International Stadium in Abuja, Nigeria. This historic edition marks the first time Nigeria has hosted the African Women’s Volleyball Tournament, bringing together elite clubs from across the continent. In her opening remarks, First Lady Remi Tinubu, wife of the President of the Federal Republic of Nigeria, welcomed participating teams and commended organizers for promoting volleyball in Africa. She emphasized the strength, determination, and talent of African women in sports, encouraging teams to compete with discipline, respect, and true sportsmanship. “The tournament reflects…
The Nigerian Shippers’ Council (NSC) has responded to recent criticisms surrounding the tariff increment implemented by the West Africa Container Terminal (WACT), affirming that the approval was granted after rigorous assessments and consultations with stakeholders. Council’s Approval Within Industry Benchmark The NSC emphasized that the tariff increment was duly reviewed and approved, ensuring that the rates remain within the acceptable industry benchmark and align with prevailing economic realities. This approval process guarantees that all tariff adjustments are fair, justifiable, and sustainable for both service providers and port users. Consultation with Registered Clearing Agents Prior to implementing the new tariff structure,…