The African Union (AU) has said most countries in West and Central Africa are sea blind as they focus on security on land and abandon those in the maritime domain, which is affecting the global..
The recent pirate attacks in the Gulf of Guinea (GoG) have raised fresh global concern about the resurgence of the menace that costs the region about $1.9 billion yearly financial loss.
The move comes as a result of reinsurers exiting the region in the face of heavy financial losses. However, Dryad Global believe that other war risk insurers will still be available to provide cover.
Stakeholders in the maritime industry have warned that with over 70 per cent of Nigerian seafarers out of job, there could be a spike in piracy attacks in the nation’s waters.
Britain has backed in principle a proposal by Lithuania for a naval coalition “of the willing” to lift the Russian Black Sea blockade on Ukrainian grain exports.
Nigeria seeks $1.4m to bring in security ship donated by South Korea to fight piracy amidst claims of continuous sabotage of Nigeria by member states in the Gulf of Guinea.
Since the discovery of crude oil in Oloibiri, Nigeria’s present Bayelsa State in 1956 and its subsequent elevation as the main stable of the nation’s economy, there have been myriads of agitations in..
Pakistan has detained five Chinese trawlers on suspicion of illegal fishing near its strategic port city of Gwadar, as a wave of protests swept across the region led by fishers concerned about losing..