THE Federal Government through the Nigerian Maritime Administration and Safety Agency (NIMASA) has opposed the verdict of the International Maritime Bureau (IMB) which rated Nigeria as the second most pirate-prone country in the world.

For long, it was often identified with different a number of derogatory names, the most common being ‘Guguru Defence’. In spite of the fact that the Nigeria Security and Civil Defence Corps, NSCDC, prides itself as having recorded remarkable achievements over the years, the organisation is still being regarded in many quarters as a mere idle band of volunteer ex-service men and expired members of the once revered Boy Scouts bent on seeking relevance.

The bullish run on the Nigerian Stock Exchange (NSE) was halted Wednesday, as the value of listed equities depreciated by N9.92 billion.

A Federal High Court sitting in Lagos has found a foreign vessel, MT Lovell Sea, guilty of contravening provisions of the Coastal and Inland Shipping Act otherwise known as the Cabotage Act of 2003.

National Association of Government Approved Freight Forwarders (NAGAFF) has warned its members operating at the Ports and Terminals Multi-Purpose Services Limited (PTML) to desist from clearing cargoes without proper Customs documentation.