Business
Maritime Guru Seeks Global Recognition of Nigeria’s Seafarers
A maritime expert, Capt Konni Duniya, says that the global recognition of seafarers in Nigeria’s Maritime sector are in the hands of the Ministry of Marine and Blue Economy, and the NIMASA.
Capt Duniya spoke during the 2024 Lecture Series of the Maritime Academy of Nigeria (MAN) Oron, titled: ‘Addressing Human and Institutional Capacity Development in Nigeria’s Maritime Sector Through Stakeholders Partnership.’
She called on the Federal Government to organise frequent
training for existing seafarers and develop capacity building programs for incoming ones with the use of emerging trends and technologies.
“Nigeria has been on the IMO STCW white list since 2019; however, Nigerian seaferers are yet to benefit from this achievement due to the inability of Nigeria to sign MOU with the most respected countries like UK, Australia and most of Europe.
Signing MOU with such countries will help strengthen our image as a serious maritime nation and open doors for employment of Nigerian seafarers globally.
‘Nigeria is the only country with unemployed seafarers in the world despite the cabotage law which seems to have been poorly implemented,” she said.
She expressed concern that the country will suffer huge shortage of adequate and competent seafarers in the coming years if the manpower Gap created as a result of war, retirement and disruptions in the sector is not urgently addressed.
Capt Duniya, an alumna of the premier maritime institution, also blame the domination of Nigeria’s Maritime sector by seafarers of foreign countries, issuance of fraudulent Certificate of Competency CoC, lack of database to validate cadet’s education, training and experience.
She also identified non-compliance with STCW Convention of International Maritime Organization as one of the major factors and limitations causing low employment opportunities for Nigerian seafarers.
“There needs to for proper housekeeping in NIMASA to combat issues of seatime and licence forgery through the use of block chain and cloud computing.
There is the need for Nigeria to market her seafarers to the global market alongside the signing of MOU like Ghana, South Africa and other countries are doing.
Nigeria seafarers are left to their fate battling poor wages , welfare and living conditions within Nigerian waters while alternatively accepting lower positions outside Nigerian waters which does not give room for consistent career growth,” she said
Business
Naira Exchange Rates Friday, 3 July 2026
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1, 397 Sell ₦1,405
GREAT BRITISH POUND (GBP) Buy ₦1,850 Sell: ₦1,865
EURO (EUR) Buy ₦1, 580 Sell ₦1,600
CANADIAN DOLLAR (CAD) Buy ₦1,030 Sell ₦1,100
SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90
UAE DIRHAM Buy ₦350 Sell ₦370
CHINESE YUAN Buy ₦180 Sell ₦200
GHANA CEDI (GHS) Buy ₦95 Sell ₦110
WEST AFRICAN CFA Buy ₦2, 380 Sell ₦2, 460
CENTRAL AFRICAN CFA Buy ₦2, 220 Sell 2,300
AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900
CBN OFFICIAL EXCHANGE RATES
US DOLLAR (USD) ₦1,370.15
GREAT BRITISH POUND (GBP) ₦1,832.17
EURO (EUR) ₦1,568.28
SWISS FRANC (CHF) ₦1,1705.44
JAPANESE YEN (JPN) ₦8. 51
CHINESE YUAN (CNY) ₦201. 80
WEST AFRICAN CFA (XOF) ₦2.38
WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,859. 98
SAUDI RIYAL (SAR) ₦364.91
SOUTH AFRICAN RAND (ZAR) ₦84. 32
Business
Issue: Cloning Nigerian Investment Promotion Commission (NIPC)
The Presidency says the bodies allegedly used by Adeyemi—including the so-called Presidential Economic Advisory Council, Presidential Foreign Investment Promotion Council, and Presidential Foreign Intervention Promotion Council—do not exist as government agencies.
The Presidency says a man identified as Prince Adeniyi Adeyemi Matthew allegedly created and operated fake government agencies, forged appointment letters, and falsely claimed to have been appointed by Femi Gbajabiamila.
According to the statement:
The Office of the Chief of Staff discovered the alleged scheme after complaints from the Nigerian Investment Promotion Commission (NIPC) that an unauthorized body was operating in a way that conflicted with its functions.
The Chief of Staff petitioned the Department of State Services and the Nigeria Police Force in October 2025 to investigate alleged forged appointment letters.
The Presidency says the bodies allegedly used by Adeyemi—including the so-called Presidential Economic Advisory Council, Presidential Foreign Investment Promotion Council, and Presidential Foreign Intervention Promotion Council—do not exist as government agencies.
Investigators allege Adeyemi operated from an office in the Federal Secretariat Complex, held meetings with diplomats, and sought diplomatic support to obtain U.S. visas for members of the alleged organization.
Police reportedly recovered forged documents and other exhibits during searches of his office and residence.
The investigation allegedly found that Adeyemi operated 34 bank accounts, including several in the names of fictitious organizations, and used forged documents to open a Central Bank of Nigeria account.
The Presidency says no government funds were paid into that account.
Police charged Adeyemi and two others before the Federal High Court on multiple counts, including forgery, impersonation, and obtaining by false pretence. The case is scheduled for hearing on July 27.
The Presidency also denied claims that Gbajabiamila appointed Adeyemi, stating that appointments to federal offices are issued through the Office of the Secretary to the Government of the Federation, not the Office of the Chief of Staff.
Current status
The Presidency maintains that:
the agencies in question are fictitious,
the appointment letter was forged,
Adeyemi is an impostor,
and the allegations against him should be resolved by the court.
As the case is pending before the court, the allegations remain subject to judicial determination.
Business
Naira Exchange Rates Thursday July 2, 2026
BLACK MARKET RATES
US DOLLAR (USD) Buy ₦1, 395 Sell ₦1, 403
GREAT BRITISH POUND (GBP) Buy ₦1,845 Sell: ₦1,865
EURO (EUR) Buy ₦1, 585 Sell ₦1,600
CANADIAN DOLLAR (CAD) Buy ₦1,030 Sell ₦1,100
SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90
UAE DIRHAM Buy ₦350 Sell ₦370CHINESE YUAN Buy ₦180 Sell ₦200
GHANA CEDI (GHS) Buy ₦95 Sell ₦110
WEST AFRICAN CFA Buy ₦2, 380 Sell ₦2, 460
CENTRAL AFRICAN CFA Buy ₦2, 220 Sell 2,300
AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900
CBN OFFICIAL EXCHANGE RATES
US DOLLAR (USD) ₦1,372.41
GREAT BRITISH POUND (GBP) ₦1,821.73
EURO (EUR) ₦1,565.37
SWISS FRANC (CHF) ₦1,695.42
JAPANESE YEN (JPN) ₦8.45
CHINESE YUAN (CNY) ₦201.98
WEST AFRICAN CFA (XOF) ₦2.40
WEST AFRICAN UNITACCOUNT (WAUA) ₦1,870. 31
SAUDI RIYAL (SAR) ₦365.45
SOUTH AFRICAN RAND (ZAR) ₦83.80
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