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Maritime/Shipping Oil and Gas

NIMASA monitoring oil spill in Bonny, Rivers State  – official

Lagos, Dec. 16, 2024 – The Nigerian Maritime Administration and Safety Agency (NIMASA) says it is monitoring the oil spill at the Shell Petroleum Development Company (SPDC) loading terminal in Bonny, Rivers State. NIMASA disclosed this in a statement, assuring members of the public that it was on top of the situation. It attributed the incident, which occurred on Saturday, Dec.14, 2024, to a ruptured pipeline. NIMASA said the SPDC had promptly shut down the affected pipeline and deployed containment booms to protect the neighboring communities. “Although the spill has …

Maritime/Shipping

7 vessels to arrive Lagos ports with petroleum products – NPA

Lagos, Nov. 1, 2024 – The Nigerian Ports Authority (NPA) has reported that seven ships will berth with crude oil on Friday at the Lagos ports. The NPA, in its “Daily Shipping Position’, said that seven vessels, out of the nine expected, would berth with diesel, crude oil, bulk urea, petrol, and aviation fuel. “The remaining two vessels will berth with containers carrying different goods. The nine expected vessels will berth at Sifax, ENL Consortium Terminals, Apapa Bulk Terminal (ABT), among other terminals in Lagos, it said. The NPA said …

General News Maritime/Shipping Money market

FG’s new policy on collection of fees in Naira by NIMASA, NPA will strengthen Naira – TMV 

Abuja, Oct. 1, 2024 – The Tinubu Media Volunteers (TMV) says it convinced that the new directive for the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA) to collect levies in naira will go a long way to strengthening the local currency. In a statement signed by its Chairman Chukwudi Enekwechi and Secretary, Sunday Shedrach Gyungoun, TMV described it as a novel initiative that will give more value to the Naira against other currencies. The group said: “The recent federal government policy and directive for …

Agriculture Commodities Foreign Manufacturing/Industry Maritime/Shipping

Ghana’s economy grew by 6.9% in Q2 2024, fastest in five years

Accra, Sept. 18, 2024 – Ghana’s economy grew by 6.9% year-on-year in the second quarter of 2024, the fastest rate in five years, boosted by expansion in several key sectors, the country’s statistics agency said on Wednesday. The strong growth represents a significant recovery for the producer of gold, oil and cocoa which has been grappling with its worst economic crisis in a generation due to skyrocketing public debt. “The 6.9% growth rate is highest since the second quarter of 2019 and it was driven largely by strong expansion in …

Investment Maritime/Shipping Oil and Gas

NNPC not yet selling Dangote’s petrol yet – Dangote

Lagos, Sept. 5, 2024 – The Nigerian National Petroleum Company Limited (NNPCL) has not started lifting petrol from Dangote refinery. Anthony Chiejina, the Chief Branding and Communications Officer of Dangote Group, said this in a statement on Thursday, urging Nigerians to disregard reports that NNPC was already selling Dangote’s product.  He said that government had not announced the price for Dangote’s petrol as they were yet to finalise agreements with the NNPC on the appropriate price of its product.  “Our attention has been drawn to a headline “NNPC lifts Dangote …

General News Maritime/Shipping Oil and Gas

Petrol scarcity will end Wednesday – NNPCL

Abuja, Aug.19, 2024 – The Nigerian National Petroleum Company Limited (NNPCL) has promised to resolve the current petrol scarcity by Wednesday. Olufemi Soneye, its Chief Corporate Communications Officer, made the promise in a statement. It blamed distribution problem for the current shortage. “The scarcity is due to an evacuation challenge out of Apapa (ports in Lagos) from the vessel. But we are working on it. It should be resolved. I’m very sure that fuel scarcity will be cleared out by Wednesday,” it said. i NNPCL advised motorists to avoid panic …

Manufacturing/Industry Maritime/Shipping Money market

CPPE urges FG to peg customs duty exchange rate at N1000/$

Lagos, Aug. 18, 2024 – The Centre for the Promotion of Private Enterprise [CPPE] has appealed to the presidency to peg the customs duty exchange rate at N1000/$ for the next six months in the first instance through an Executive Order. The CPPE, a private think tank in Lagos, gave the advice in statement in Lagos on Sunday. Muda Yusuf, its Chief Executive, said the current high inflation rate in the country could be brough down by lower the customs duty exchange rates.  The CPPE said it was worried that …

Agriculture Maritime/Shipping

NAFDAC, others to stop rejection of Nigerian food exports abroad  

Abuja, Aug. 18, 2024 – The National Agency for Food and Drug Administration and Control (NAFDAC}, Cocoa Processors Association of Nigeria (COPAN) and other stakeholders in food have agreed to collaborate to stop rejection of Nigerian processed cocoa and other food exports. According to a statement issued by Sayo Akintola, the Resident Media Consultant to NAFDAC, this was one of the resolutions reached at an interactive session of cocoa stakeholders on the draft NAFDAC export regulations 2024 in Lagos. Speaking at the session, Prof. Mojisola Adeyeye, the Director General of …

General News Maritime/Shipping

Nigeria Customs releases guidelines on duty waiver on food items

Abuja, Aug. 15, 2024 -The Nigeria Customs Service (NCS) on Wednesday announced the take-off of the150-day import duty waiver for some staple food items. The duty waiver is to facilitate importation of staple foods as part of measures to address rising prices of food items in the country. The duty waiver is from July 15 to Dec. 31, 2024, while the food items to enjoy the duty waiver tariff include husked brown rice, grain, sorghum, millet, maize, wheat and beans. Abdullahi Maiwada, the Spokesman for the NCS, announced this in …

Maritime/Shipping

NIMASA, Chatham House to engage UN Security Council on insecurity in Gulf of Guinea

Lagos, Aug. 11, 2024 – The Nigerian Maritime Administration and Safety Agency, (NIMASA) and Chatham House in London have agreed to raise the issue of insecurity in the Gulf of Guinea at the United Nations Security Council (UNSC). NIMASA said Nigeria had been combating piracy and sea robbery in the region for some time. The agency said, in a statement in Lagos on Sunday, that the decision to involve Chatham House was reached during a session between Dr. Dayo Mobereola, the Director General of NIMASA, and Dr. Alex Vines, the …