General
Nigerian, Spanish Navy to Enhance Gulf of Guinea Security
By Sodeinde Temidayo David
The Nigerian Navy and the Spanish Navy are set to collaborate to strengthen bilateral relations between the two nations as well as enhance maritime security in the Gulf of Guinea.
This was disclosed by the Flag Officer Commanding (FOC) Western Naval Command, Mr Jason Gbassa, on the arrival of the Spanish Navy Ship (SNS) MV VIGIA to the Command’s port.
In the explanation given by the flag officer on the visitation of the Spanish Navy, he said that collaboration between navies remains a key factor towards maintaining security over an environment particularly over a maritime environment.
“Spain, as well as other nations of the world, have found it necessary to collaborate because of the impact of criminalities on our waters to the trade between our nations.
“A secured maritime environment is a contributing factor to the economy’s prosperity of nations and we are grateful that you have joined hands with us,” he said.
According to Mr Gbassa, the visit goes beyond the military components that involve the two navies, interacting, meeting and conducting exercises alone together.
He said that there was also the trade element between Nigeria and Spain which the visit would help enhance the trade factor between the two nations.
Also, the FOC, Naval Training Command (NAVTRAC), Admiral Kamarudeen Lawal welcomed SNS MV VIGIA and sought training opportunities for Nigerian Navy pilots to have comparative training in flight operations.
“If the Spanish Navy can oblige us with such an opportunity, it will be to a great advantage for the Nigerian Navy.
“Their visit is coming at a time when the Nigerian Navy is in dire need of training especially in the fight against piracy in the Gulf of Guniea,” Rear Adm. Lawal said.
He said that NAVTRAC’s task was to continue to train and retrain officers and ratings for an efficient Nigerian Navy.
“Recently, we graduated 19 Special Boat Services (SBS) operators from our SBS school and it is gratifying to note that nine of those officers and ratings are from Ghana Navy.
“So, on our part, we have been training sister African countries to contribute to our fight against piracy in the Gulf of Guinea,” the FOC said.
He further reiterated the need for the Nigerian Navy and Spanish Navy to collaborate in the area of training especially technical training for officers and ratings.
“I congratulate you on the efforts that you have been putting in the fight against piracy both in the Indian Ocean and in the Gulf of Guinea.
“I assure you that the Nigerian Navy on its part will not relent on efforts in the fight against piracy and illegal activities in our maritime environment,” Rear Adm. Lawal said.
Speaking, the Spanish Ambassador to Nigeria, Mr Marcelino Cabanas Ansorena said that ensuring a secured maritime environment through collaboration was important because of the volume of trade between the two countries.
“80 per cent of the trade with Nigeria goes through the Gulf of Guinea therefore, it is important for us to participate and collaborate with you.
“Training will be one part of the collaboration exercise as well as sharing information which is important to update knowledge on security about the sea and the Spanish Navy vessels,” he said.
The ambassador said that Spain would like to share its experience gathered from fighting piracy over the years with the Nigerian Navy to improve security in the Gulf of Guinea.
“Spanish Navy vessels have quite an experience in the fight against piracy even now, we have command of the Western Navy vessels at Operation Atlanta in the Indian Sea.
“So, we will like to collaborate and share these experiences that we have to improve our bond and strengthen our bilateral relationship,” Mr Ansorena said.
By Adedapo Adesanya
The South African Consulate General in Lagos, in partnership with Brand South Africa and the Development Bank of Southern Africa (DBSA), is hosting the 4th edition of the South Africa Focus Week in Lagos, Nigeria, from April 22 – 26, 2026.
The annual platform continues to grow as a strategic initiative aimed at fostering social cohesion between South Africans and Nigerians while positioning South Africa as a preferred destination for business, tourism, and education. Since its inception in 2023, South Africa Focus Week has attracted over 1,500 participants, bringing together stakeholders from across sectors, including trade and investment, arts and culture, tourism, aviation, and the culinary industry.
The 2026 edition holds particular significance as it coincides with the 30th anniversary of South Africa’s democratic Constitution, enacted in 1996, as well as 32 years of unbroken diplomatic relations between South Africa and Nigeria, established in February 1994. These milestones underscore the enduring partnership between the two nations, rooted in shared history and strengthened through formal agreements and ongoing collaboration.
The 2025 economic relationship between South Africa and Nigeria reflects a strategically significant, multi-dimensional partnership anchored in trade, energy security, investment flows, and strong institutional cooperation. While bilateral trade remains structurally imbalanced – with South Africa exporting US$468.48 million and importing $1.69 billion, resulting in a $1.22 billion deficit – this dynamic is largely driven by South Africa’s reliance on Nigerian crude oil, positioning the relationship as one of strategic interdependence rather than imbalance alone.
This partnership is further elevated by the relative economic weight of both countries. According to IMF projections, South Africa’s economy is valued at approximately $443.6 billion, while Nigeria’s stands at around $334.3 billion in nominal terms for 2026. As two of the largest economies on the continent, their bilateral engagement constitutes a central axis of African economic activity, with disproportionate influence on the success of continental integration efforts.
Beyond trade, the relationship is reinforced by deep two-way investment linkages. South African firms -including MTN Group, Shoprite, and Standard Bank – maintain a strong presence in Nigeria, while Nigerian companies such as Access Bank and Paystack have established a growing footprint in South Africa. Although investment flows are asymmetrical and some Nigerian firms have faced operational challenges, these exchanges reflect an emerging bi-directional economic corridor that extends beyond goods trade into services, finance, and digital innovation.
Aligned with Brand South Africa’s mandate to build the country’s global reputation and competitiveness, the week-long programme will convene leaders from government, business, civil society, academia, and the media. Discussions will focus on leveraging the African Continental Free Trade Area (AfCFTA) as a tool for market access and global positioning, with Nigeria serving as a key focal point.
The South Africa Focus Week has features a series of high-level engagements and cultural activities designed to deepen economic ties and promote collaboration: South Africa–Nigeria Infrastructure Investment Conference (April 22, 2026) which was held under the theme South Africa–Nigeria Partnership: Unlocking Infrastructure Opportunities,” the conference will bring together key stakeholders in infrastructure development to explore collaborative projects in road, rail, and transportation systems.
The forum also examined the role of Public–Private Partnerships (PPPs) and facilitated discussions on project financing and implementation with institutions such as the DBSA and Nigeria’s Infrastructure Concession Regulatory Commission (ICRC).
This was followed by the 2nd Economic Diplomacy Roundtable (Thursday, April 23, 2026), which was hosted in partnership with MTN Nigeria under the theme Role of Technology in Infrastructure Development, the roundtable will convene senior government officials, private sector leaders, and industry experts to identify investment opportunities and strengthen strategic partnerships.
Friday, April 24, was for Arts and Culture Experience, which is a dedicated cultural day will showcase Lagos’ creative spaces and features a panel discussion on South Africa’s arts, film, music, and culture. The programme includes a South African film screening, engagements with filmmakers, and a networking reception aimed at fostering collaboration between the creative industries of both countries.
The event continues on Thursday, April 25, with Freedom Day Celebration and Closing Ceremony. This commemorative event will celebrate 30 years of South Africa’s Constitution, 32 years of freedom and democracy, and the enduring diplomatic relations between South Africa and Nigeria. The ceremony will also provide an opportunity to reflect on outcomes from the week and outline future areas of cooperation.
The celebration forms part of Brand South Africa’s Global South Africans Programme, which recognises and connects South Africans in the diaspora as ambassadors of the nation’s values and identity.
The week climaxes with the 4th edition of the South Africa Golf Tournament at Ikoyi Golf Club on Saturday, April 26, 2026, which will be done in partnership with Crossflex International.
According to a statement, the event aims to strengthen people-to-people relations through sports diplomacy, bringing together South African and Nigerian golfers in a spirit of camaraderie and collaboration.
By Modupe Gbadeyanka
The former chairman of the defunct Skye Bank Plc, Mr Tunde Ayeni, has been apprehended by the Economic and Financial Crimes Commission (EFCC).
Spokesperson of the anti-money laundering agency, Mr Dele Oyewale, confirmed the arrest of the businessman on Friday but declined to provide further details, according to TheCable.
Mr Ayeni was accused of diverting the N36.5 billion and $30 million loans from Polaris Bank Limited to companies with which he has links.
He was alleged to have obtained the credit facilities for marine security, electricity distribution, and real estate projects, but moved them to telecom investments tied to NITEL/MTEL assets via a NATCOM account.
After the Central Bank of Nigeria (CBN) revoked the operating licence of Skye Bank in 2018, it nationalised it to Polaris Bank.
The EFCC has been looking into the alleged diversion of funds by Mr Ayeni, resulting in his arrest in Abuja on Thursday, April 23, 2026.
He is being grilled over the matter and would be arraigned in court once the investigation is concluded.
This is not the first time Mr Ayeni has been nabbed and probed by the EFCC, as this happened a few months after his bank lost its licence.
The then acting spokesman for the EFCC, Mr Tony Orilade, said Mr Ayeni was quizzed by detectives over issues related to fraud and embezzlement allegedly committed by him when he was Chairman of the bank a few years ago.
By Adedapo Adesanya
“We are fully committed to working with the new Commissioner of Police and giving all necessary support towards the successful discharge of his responsibilities.”
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