Port and Terminal Multiservices Limited (PTML) has announced a $50 million investment aimed at upgrading its Lagos port terminal. This upgrade is expected to enhance the capacity and efficiency of the terminal, which plays a crucial role in Nigeria's maritime operations.

According to Captain Ladi Olubowale, the former President of the Shipowners Association, Nigerian seafarers are essential national assets that play a critical role in the country's economic growth. He emphasizes their importance in enhancing the maritime sector and contributing to overall development.

The Nigerian Ports Authority (NPA) is calling on stakeholders to collaborate in tackling challenges along the Nigerian port corridor. The initiative aims to enhance operational efficiency and reduce issues affecting the corridor's functionality, according to Punch Business.

The Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has cautioned that Nigeria may not fully benefit from the African Continental Free Trade Area (AfCFTA) despite the government's approval of a $1 billion credit facility to support exporters. The association emphasized that without necessary reforms, the potential advantages of the AfCFTA may not be realized, according to Vanguard Business.

Fidelity Bank Plc has reiterated its dedication to Nigeria's economic diversification by focusing on capacity building and export development. The bank hosted the 19th edition of its Export event to empower exporters and help them take advantage of opportunities presented by the African Continental Free Trade Area (AfCFTA).

Festus Keyamo, the Minister of Aviation and Aerospace Development, stated that the Nigeria–East-Southern Africa Air Cargo route will enhance air connectivity and unlock Africa's trade potential. This initiative aims to improve trade across the continent by facilitating better logistics and transportation options.