Business Hilights

Tracking Nigeria's Headline Business News Online

nimasa

Chevron, others join NIMASA in new Gulf of Guinea security initiatives

Chevron Group and other members Oil Companies International Marine Forum (OCIMF), International Association of Independent Tanker Owners (INTERTANKO), International Chamber of Shipping (ICS), and International Association of Dry Cargo Shipowners (INTERCARGO), have jointly thrown their weight behind the emerging collaboration…

Time to key in blue economy to Buhari’s ERGP—Gbajabiamila

Speaker of the House of Representatives, Rt. Hon. Femi Gbajabiamila, in Lagos Thursday averred that this is the right time to factor in Nigeria’s rich maritime resources as a vital economic safeguard and vehicle for the successful implementation of the…

Abuja MoU on shipping deepening standardization of vessels—Usoro

Latest report by the Abuja Memorandum of Understanding (MoU) on Port State Control (PSC) for West and Central Africa Region, otherwise known as Abuja MoU, has shown rise in shipping discipline and operational efficiency within the sub regional territorial waters….

NIMASA can’t speak on national fleet, only serving Minister can decide—Expert

Since the Director General of NIMASA, Dr. Dakuku Peterside addressed a media breakfast meeting on the sideline of the ongoing Nor Shipping Conference and Exhibition in Oslo, Norway, saying arrangements are nearing conclusion on floating of new national shipping line,…

Experts hit anti-graft agencies as SPIP exposes Unity Bank’s TSA breaches

Barely hours after the Special Presidential Investigation Panel For The Recovery Of Public Property (SPIP) came up with revelations on breaches and trapping of government funds meant for Treasury Single Account (TSA) in Unity Bank, financial analysts have started raising…

Nigeria missing in planned Africa Blue Economy Forum conference in Tunis

Nigerian maritime business stakeholders are yet to understand why upon the nation’s strategic position in Africa’s maritime industry; it has no speaker at the upcoming Africa Blue Economy Forum (ABEF) in Tunis on June 25-26. Business Hilights gathered that confirmed…

NIMASA steps up cabotage regime, ends waivers on foreign vessels

Ahead of ruling on a recent petition written by Nigerian Merchant Navy over breaches on cabotage trade by Chinese firm working on Dangote Refinery in Lekki, the Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced clampdown on foreign vessels…

Dead before arrival: Like Amaechi’s national shipping line, like Sirika’s Nigeria Air

Just as Nigerians are yet to come to terms on how Minister of Transportation, Rotimi Amaechi in August 2016 went to Singapore and sealed a baseless agreement with Pacific International Lines (PIL), an Asian Shipping giant incorporated in Singapore in…

NPA commissions new vessel acquired by Starz Group, seeks more investments

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman, has implored the private sector to take advantage of the enabling environment created by the Muhammadu Buhari administration and invest in the nation’s Maritime sector. Speaking in Onne,…

Nigeria in need of healthy, efficient maritime workforce—MD of NPA

Rising from the Gala Nite and Award Ceremonies marking the end of the Nigerian Ports Authority Sports Association (NIPOSA) games, Calabar 2018, the Managing Director, Nigerian Ports Authority (NPA) Hadiza Bala Usman has called for a healthy, motivated and efficient…