Maritime

NIMASA to enforce 0.5% sulphur limit on vessels in Nigerian waters

Nov 2, 2018

In a bid to battle environmental pollution, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, Thursday said the agency would enforce strict compliance to the International Maritime Organisation (IMO) regulation which puts a maximum of 0.5 per cent sulphur cap on all fuel used by vessels by the…

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NNPC’s marine arm makes first oil product delivery to Nigeria in 8yrs

Oct 30, 2018

NIDAS, a wholly owned subsidiary of the Nigerian National Petroleum Corporation (NNPC) engaged in marine transportation of crude oil and petroleum products has chartered a tanker, Atlantica Bridge, to load jet fuel from Egypt for delivery to Nigeria. This is the first oil-products tanker chartering by NNPC/NIDAS since 2011, NIDAS Managing Director Lawal Sade said.…

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FG to promote indigenous participation in maritime sector

Oct 29, 2018

The federal government has expressed its determination to promote and increase indigenous participation in the shipping business in Nigeria. The Minister of Budget and National Planning, Senator Udoma Udo Udoma, said this while speaking with the Nigerian Fleet Implementation Committee in Abuja, recently. The minister who gave the indication while receiving the Committee members in…

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Yinson, First E&P extend time period to seal FPSO deal

Oct 29, 2018

The two parties in June 2018 entered into a Heads of Terms for the purpose of engaging in exclusive negotiations for the potential supply and charter of an FPSO unit to process hydrocarbons from the Anyala & Madu fields under Oil Mining Leases 83 & 85, offshore Nigeria. First E&P owns 40% of the rights…

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Addax extends FPSO Adoon charter from Yinson

Oct 23, 2018

We refer to our announcements dated 20 October 2014 and 19 October 2015, both in respect of the extension of contract for the charter of FPSO Adoon between Addax Petroleum Development (Nigeria) Limited (“Addax”) and Adoon Pte. Ltd, an indirect wholly-owned subsidiary of the Company. Unless otherwise expressly defined in this announcement, terms and expressions…

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Samsung built integration yard as a contractor, not as an investor – LADOL

Oct 22, 2018

The counsel to the Lagos Deep Offshore Logistics Base (LADOL) and Senior Advocate of Nigeria (SAN), Prof. Fidelis Odita, has stated that Samsung Heavy Industries (SHI) built the fabrication and integration yard at the LADOL free zone as a contractor to Total and other owners of Oil Mining Lease (OML) 130, and not as an…

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690 containers of electricity equipment abandoned at port now recovered – Fashola

Oct 20, 2018

Minister of Power, Works and Housing, Raji Fashola, on Thursday, said that the ministry recovered 690 out of 800 containers of electricity equipment abandoned at the port for 10 years by previous administrations. Fashola said this at the commissioning of 2×100MVA – 132/33kv power transformers at Ejigbo Transmission Substation in Lagos. Fashola said that the…

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NEPZA inaugurates committee to resolve Samsung, LADOL issue

Oct 14, 2018

As part of the efforts to restore the confidence of foreign investors in Nigeria’s free zones, the Nigerian Export Processing Zones Authority (NEPZA) has set up a committee to probe into the dispute between the Lagos Deep Offshore Logistics Base (LADOL) and its foreign partner, Samsung Heavy Industries (SHI). It was gathered that the committee…

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Ibom Deep Seaport groundbreaking to hold in Nov – Official

Oct 13, 2018

Akwa Ibom State Commissioner for Housing and Special Duties, Mr. Akan Okon has revealed that the state government had made significant progress at the Ibom deep seaport, in the past three years as a result of the importance Governor Udom Emmanuel attaches to such infrastructure. Okon debunked the claim that the government was not doing…

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C&I Leasing lists ₦7b fixed rate bond on FMDQ platform

Oct 13, 2018

C and I Leasing Plc, at the weekend listed its ₦7.00 billion Series 1 Fixed Rate Bond under its ₦20.00 billion issuance Programme on the FMDQ platform. The listing, according to the firm, would enable it to finance key activities that ultimately translate to the growth of the company, create liquidity for the instrument as…

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