Nigeria seeks end to $1.5b war insurance risk
Nigeria is seeking an end to the $1.5billion war risk insurance premiums on Nigerian-bound vessels. Its Minister of Marine and Blue Economy, Adegboyega Oyetola, warned that the outdated surcharge has drained an estimated $1.5 billion from the economy in recent years despite zero piracy incidents in the country’s waters since 2021. “Nigeria has earned the…

