Joy Dimka

1 month ago | financialnigeria.com | Joy Dimka

How far Nigeria’s maritime has come Maritime trade has always been at the heart of Nigeria’s economy – long before the country discovered oil and before its ports were mechanised. Maritime trade, simply put, is the movement of goods and commodities by sea. It involves the use of ships and port infrastructure to transport cargo across international and domestic waterways.

Oct 20, 2024 | financialnigeria.com | Joy Dimka

How Nigeria can boost maritime financing During a visit to the Nigerian Shippers’ Council in March this year, the Chairman of the House Committee on Shipping Services, Abdussamad Dasuki, said the House of Representatives is working to facilitate the establishment of a maritime bank in the country. No doubt, such a bank can make significant contributions to the growth of the country’s maritime and financial sectors and the economy more generally.

Feb 6, 2024 | financialnigeria.com | Joy Dimka

Global shipping headwinds imposes economic costs on Africa Global maritime is facing increasing risk as the war between Israel and Hamas is raising geopolitical tensions. The conflict in the Middle East adds to existing concerns about global shipping since the current Russia-Ukraine war broke out in February 2022.

Jan 22, 2024 | financialnigeria.com | Joy Dimka

Potential benefits of the extension of Nigeria’s maritime borders The United Nations, through the Commission on the Limits of the Continental Shelf (CLCS), has extended Nigeria’s seaward continental boundaries from 200 to 220 nautical miles. This was disclosed last month by the Nigerian Maritime Administration and Safety Agency (NIMASA).

Nov 15, 2023 | financialnigeria.com | Joy Dimka

Utility of flat-bottom barges in Nigeria’s cargo transportation Global trade, as a percentage of the world’s total output, was 56.5 percent in 2021. According to the World Trade Organisation, the global trade volume and value have expanded 4 percent and 6 percent respectively on a yearly average since 1995. And despite the sluggish global economic output in 2023, trade grew by 1.9 percent in the first three months of the year, adding about $100 billion to the world’s economy.