By Adedapo Adesanya

Nigeria has called for deeper collaboration with Norway in the areas of debt restructuring, tax transparency, and climate finance, as part of its broader strategy to unlock sustainable development opportunities through global partnerships.

According to a statement, this call was made by the Minister of State for Finance, Mrs Doris Uzoka-Anite, during a high-level bilateral meeting with the Norwegian Deputy Minister of International Development, Ms Stine Renate Håheim, held on the sidelines of the recent 2025 United Nations Meetings in New York.

Mrs Uzoka-Anite emphasized that Nigeria is prioritizing partnerships that can accelerate its economic reform agenda and climate resilience goals.

“We are actively seeking partners who understand the urgency of our development needs, especially in areas such as climate finance, debt restructuring, and tax cooperation,” she said.

She spoke on Nigeria’s interest in NORAD’s Energy for Development platform, which supports sustainable energy solutions across developing economies.

The Minister noted that Nigeria is eager to tap into the initiative to fast-track energy access and reduce emissions.

“Our energy transition plan aligns with global climate goals, and we believe collaboration under NORAD’s platform will be instrumental in delivering clean, affordable energy to millions of Nigerians,” she added.

The meeting also spotlighted the need for greater transparency in international tax cooperation frameworks.

“Improving tax transparency is critical to domestic resource mobilization. We welcome Norway’s support in helping us strengthen systems that fight illicit financial flows,” Mrs Uzoka-Anite stressed.

Ms Håheim acknowledged Nigeria’s regional importance and expressed readiness to explore areas of mutual interest, particularly in promoting inclusive growth and green development.

The statement added that the bilateral engagement reflects Nigeria’s diplomatic outreach at the 2025 UN Meetings, reinforcing its drive to forge strategic alliances that enhance governance, unlock financing for development, and boost resilience in the face of current global economic challenges.

By Modupe Gbadeyanka

Stakeholders have projected that the maritime law book authored by Mrs Mfon Ekong Usoro will drive judicial and economic reforms in Nigeria.

At the presentation of the book titled International Trade and Carriage of Goods by Sea: Text, Cases, and Materials in Lagos on Tuesday, the piece was described as a timely intervention to strengthen the country’s judicial processes and economic development, particularly in the area of international trade.

The book, which integrates both local and international legal standards, aims to serve as a reference point for legal professionals, regulators, financial institutions and participants in the trade and shipping industries.

The Chief Justice of Nigeria (CJN), Mrs Kudirat Kekere-Ekun, who wrote the forward, said the publication would serve as a foundational text that would enhance the judiciary’s capacity to resolve disputes related to trade and shipping efficiently.

She said the book presents a practical approach to interpreting legal issues around carriage contracts, cargo liabilities and dispute resolution under both local and international frameworks.

“By simplifying complex concepts through case studies, diagrams and statutory references, the book will strengthen the quality of judicial decisions and enhance legal education in this essential sector.

“This text is exactly what our legal system needs. It commands respect for local precedents while drawing on legal judgments from other jurisdictions, guiding our courts to a uniform approach and giving our practitioners the confidence to negotiate, mitigate and arbitrate across borders,” she said.

On his part, the president of the Dangote Group, Mr Aliko Dangote, described the book as essential for businesses operating in global trade.

“This is the kind of resource that improves certainty in commercial transactions and boosts confidence among business operators,” he stated, praising the author’s contribution to trade and legal practice in Nigeria.

The book reviewer, Mr Adedolapo Akinrele (SAN), described the text as a unique, structured resource, citing over 200 cases, extensive chapters and global conventions to illustrate key concepts in maritime and international trade law.

He emphasised its practicality and relevance to both seasoned professionals and new entrants in the legal and commercial sectors.

By Adedapo Adesanya

The NASD Over-the-Counter (OTC) Securities Exchange made a 0.10 per cent rise on Wednesday, May 7, buoyed by the N1.48 jumped posted by Afriland Properties Plc to close at N16.38 per unit compared with Tuesday’s closing price of N14.90 per unit, and the 2 Kobo price appreciation recorded by UBN Property Plc, closing at N2.00 per share versus the preceding day’s N1.98 per share.

During the trading session, the market capitalisation increased by N1.97 billion to close at N1.927 trillion from the N1.925 trillion quoted at the preceding session and the NASD Unlisted Security Index (NSI) rose by 3.36 points to 3,292.36 points from the previous session’s 3,289.00 points.

Yesterday, FrieslandCampina Wamco Nigeria Plc lost 9 Kobo to close at N38.83 per unit, in contrast to the N38.92 per unit it ended a day earlier.

A look at the activity chart showed that there was a 76.7 per cent fall in the volume of securities transacted in the session to 593,373 units from the 2.5 million units transacted in the previous trading day, there was a 48.6 per cent decline in the value of transactions to N17.9 million from N34.7 million, and there was a 35.7 per cent slump in the number of deals to 27 deals from the 42 deals recorded on Tuesday.

When the bourse ended for the trading day, Impresit Bakolori Plc remained the most active stock by volume on a year-to-date basis with the sale of 533.9 million units worth N520.9 million, trailed by Geo-Fluids Plc with a turnover of 265.7 million units valued at N469.3 million, and Okitipupa Plc with 153.6 million units sold for N4.9 billion.

Also, Okitipupa Plc remained the most active stock by value on a year-to-date basis with 153.6 million units worth N4.9 billion, followed by FrieslandCampina Wamco Nigeria Plc with a turnover of 19.2 million units sold for N738.1 million, and Impresit Bakolori Plc with 533.9 million units valued at N520.9 million.