Monday, October 20, 2025
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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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ICT

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Sovereign Trust Insurance Celebrates 2025 Customer Service Week

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Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

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Business

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

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Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

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FG Boosts MSME Financing with NCGC Initiative

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ICT

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Governors, NCC Set for Broadband Awareness Forum Oct 20

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VerveLife 5.0 Gears Up for Nairobi, Lagos Events

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Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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West Africa: Maritime Industry Could Generate $3.3bn

Maritime industry in West Africa could in the years to come create 300,000 jobs and generate $3.3 billion of revenues against $400 million presently.

This was revealed in a report from Overseas Development Institute (ODI) and the Spanish Investigation Journalism Organisation, porCausa.

Entitled West Africa’s missing fish, the report states that to achieve this goal, West African governments must reduce illegal non-declared and non-regulated (INN) fishing and invest in the sector. INN fishing cost a nation like Senegal $300 million in 2012, which is 2% of its gross domestic product (GDP).

Between a third and half of Africa’s total catches falls to the practice, reveals the report which adds that Senegal and Nigeria had more than half of their stocks overexploited.

According to Alfonso Daniels who produced the report, “the scale of the losses is enormous. Instead of jobs and development, the livelihoods of artisanal fishers are being decimated by foreign fishing fleets, which operate virtually unchecked.”

The document also highlights that if investment in fish processing grew and West African governments would improve their awareness about the issue, their populations would eat better food.

–Aaron Akinocho

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Topics

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