NIMASA
8 Mar
The continued dollarisation of operations in the downstream segment of the nation’s petroleum industry is compounding existing hardship in Nigeria and adding extra N55.8 billion on the pump prices of Premium Motor Spirit (PMS), diesel and aviation fuel monthly.
6 Mar
Nigeria has failed to implement the International Maritime Organisation (IMO) decarbonisation plans in the maritime sector resulting in over N100 billion lost yearly to the high cost of diesel to power the ports.
6 Mar
The President of the Nigerian Licensed Ship Chandlers Association, Dr Martins Enebeli, has said the country loses $15 billion on ship chandling and allied services yearly due to harsh operating environment, inadequate access to capital
4 Mar
The Federal Government has signed an agreement with Offshore Pollution Control (XPO) Marine Services Limited to collect waste generated from ships operated by international oil companies (IOCs) and others in compliance with global best practices.
3 Mar
When Nigeria passed the Inland and Coastal Shipping (Cabotage) Act into law in 2003, a provision was made for the establishment of a Cabotage Vessel Financing Fund (CVFF) to support indigenous businesses and Nigerian citizens
1 Mar
The House of Representatives has summoned the Chief Executive Officers of Nigerian National Petroleum Company (NNPC) Ltd, Nigerian Port Authority (NPA) over the management of Public Private Partnerships, PPPs and Concessions since 1999.
28 Feb
There are rising concerns that the disruptions in key global shipping routes following the crisis in the Red Sea, Suez Canal, Panama Canal and Black Sea, may signal unprecedented piracy challenges for global trade in the Gulf of Guinea (GoG).
28 Feb
There are calls for the review and amendment of the obsolete maritime agencies’ laws and regulations promoting foreign illegalities and hindering the sector’s alignment with the newly established Ministry of Marine and Blue Economy.
28 Feb
Nigeria has secured the International Transport Workers’ Federation (ITF) United Kingdom (UK) grant to build a seafarers recreation centre that will serve as a rallying point for in-country and regional seafarers as well as those on board vessels during port calls.
21 Feb
Two months after the announcement of the technical completion of Port Harcourt Refinery, the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has asked the Federal Government to declare a state of emergency on the nation’s refineries.
12 Feb
Nigeria lost out on the $50.3 billion global shipyard market contribution to economies last year, following the inability of the federal government to revive the moribund ship repair yards.
12 Feb
A report said empty containers accounted for about 80 per cent of traffic from Nigerian ports in 2023 just as cargo import and export continue to decline.