•©Shutterstock/AU USAnakul The Strait of Hormuz is one of the world’s most critical maritime chokepoints, carrying around a quarter of global seaborne oil trade and significant volumes of liquefied natural gas and fertilizers. UNCTAD reports that the ongoing military escalation in the region has disrupted shipping flows through this narrow passage. The resulting ripple effects…
• IATF2027 Host Signing Ceremony ( From left ) : Kanayo Awani, Executive Vice President, Intra-African Trade & Export Development, Afreximbank; H.E.Francisca Tatchouop Belobe Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, African Union Commission; Dr. George Elombi, President and Chairman of the Board of Directors of Afreximbank, Chief Olusegun Obasanjo, Chair, IATF, Dr….
“With global remittance corridors costing over 6.0 percent, settlement lags of several days, and compliance burdens that exclude MSMEs, millions remain disconnected from global opportunity,” said Cardoso.
Yuqing made the disclosure in an address during the Lagos Forum New Year Media Symposium, where she reviewed bilateral relations and outlined prospects for deeper cooperation in 2026.
GDP does not capture progress in well-being, equity, inclusiveness or sustainability – and it was designed as a measure of economic activity.
He urged the partners to embrace customs and logistics modernisation and to implement the AfCFTA framework more deliberately, as the partnership is turning the gains into a broader regional partnership across African markets.
Potiskum town has been noted for being a home for many articulated vehicles used for long-distance travels and movement of goods across the country.
in a report titled, “Nigeria at 65: The Maritime Scorecard We Cannot Ignore”, Head of Research at SEREC, Eugene Nweke, said without a functioning steel industry, Nigeria’s shipyards will remain import-dependent, uncompetitive, and unable to support large-scale ship repair or new building.
Adenuga also assured that the Command would intensify collaboration with key government agencies including the DSS, Police, Immigration, NDLEA, NAFDAC, and the military to strengthen border security and foster a more conducive environment for legitimate trade.
The World Maritime Day theme for 2025 “Our Ocean, Our Obligation, Our Opportunity” reflects the ocean’s vital role in the world economy, with more than 80% of global trade transported by sea.
