Headlines

Yinka Onigbinde election as MARAN president excites SIFAX Group

– pledges support for his administration

Gloria Odion, Maritime reporter

The SIFAX Group has congratulated Mr. Oluyinka Onigbinde on his election as the new President of the Maritime Reporters Association of Nigeria (MARAN).

The Group described his emergence as a reflection of his professionalism and dedication to maritime journalism.

The congratulatory message was conveyed in a formal letter signed by Dr. Taiwo Afolabi, Chairman of SIFAX Group, on behalf of the Board, Management, and Staff of the conglomerate.

In the letter, Dr. Afolabi described Mr. Onigbinde’s election as well-deserved, noting that his consistent contributions to maritime journalism and the broader maritime industry over the years had earned him the confidence of his colleagues.

“Your emergence as the President is proof of your professionalism, dedication, and consistent contributions to maritime journalism and the broader maritime industry over the years,” Afolabi stated.

Afolabi expressed confidence that the association would continue to advance the ideals of professionalism, ethical journalism, unity, and constructive engagement within the maritime sector under Onigbinde’s leadership.

He further noted that the new president’s tenure was expected to strengthen the media’s role as a vital partner in the growth and development of Nigeria’s maritime industry.

Afolabi, who serves as Patron of MARAN, assured Onigbinde of his goodwill and support as the new president works towards advancing the association, while wishing him wisdom, strength, and outstanding success in the discharge of his duties.

Headlines

NPA: Starving the goose that lays the golden eggs

Chief Ibrahim Nasiru

Tomorrow, on Monday Discourse, Ibrahim Nasiru looks at what he describes as the paradox in the financing system of the Nigerian Ports Authority( NPA).

An agency which lays the golden eggs that feed the nation, yet has to borrow from external creditors to fix its infrastructures.

On Monday Discourse, Nasiru advises government to rethink Nigeria’s Port Financing Strategy

“The NPA is projecting a staggering ₦1.489 trillion in revenue for 2026. Yet, why are we still looking outward to borrow billions of dollars for Port Modernization?

“The truth is, Nigeria’s Ports are trapped in a fiscal paradox.

“We treat the NPA as a cash cow to fund federal deficits, sweeping its massive trillions into the central treasury, while leaving our 100-year-old Ports to starve of the vital liquidity needed for self maintenance.

“Forcing an agency to bleed cash to the treasury while begging foreign creditors for infrastructure loans is an unsustainable contradiction.

“If we are serious about the Blue Economy, it’s time for a legislative rethink that allows internal revenue retention for a dedicated Port Modernization Fund.

Read Nasiru’s analysis on why Nigerian Ports must feed themselves before they can sustainably feed the nation.

Keep a date with Nasiru on Monday Discourse tomorrow ,Monday, June 1st, 2026.

It’s a must read

Headlines

NRC suspends Warri- Itakpe train service over operational concerns

Funso OLOJO, Editor

The Nigerian Railway Corporation (NRC) has announced the temporary suspension of Warri–Itakpe Train Service (WITS) due to what the management described as operational exigency and technical advice from the Corporation’s Engineers.

The temporary suspension, according to a public statement by the NRC, has become necessary to enable the Corporation carry out critical operational assessments aimed at ensuring continued safety, reliability, and improved service delivery on the corridor.

“The NRC regrets the inconvenience this development may cause passengers and other stakeholders, and assures the public that efforts are currently ongoing to resolve the issues within the shortest possible time.

“Passengers and intending travelers will be duly informed before the end of the week on the date for the resumption of normal train operations.

“The Corporation remains committed to safe, efficient, and customer-friendly rail services across the country and appreciates the understanding, patience, and continued support of the public during this period” the NRC declared.

Headlines

Sallah: FG slashes train fares by 50 percent on all routes

Gloria Odion, reporter

The Federal government through the Federal Ministry of Transportation has announced a 50 percent fare reduction on all train services operated by the Nigerian Railway Corporation (NRC) as part of measures to ease transportation costs for Nigerians during the Eid-el-Kabir celebration.

The discount takes effect from Tuesday, May 26, 2026 and will run through Monday, June 1, 2026.

Accordingly, ticket fares on all NRC passenger train services across the country have been reduced by 50 percent of the existing approved rates within the stated period.

Passengers who had earlier purchased tickets at the full fare before the announcement will be entitled to a 50 percent rebate, reusable for train rides on or before Monday, June 1st, 2026.

Train schedules and timetables remain as previously advertised.

The Federal Ministry of Transportation said it appreciated the continued support of Nigerians and wishes all passengers and the Muslim faithful a peaceful and joyous Eid-el-Kabir celebration.