Tag Archives: Maritime

FG Says Insecurity Threatens $14 Billion Maritime Sector Earnings

The Federal Government has declared that the annual earnings of $6bn in freight cost and $8bn in oil and gas and other maritime activities have come under threat from pirate attacks, oil theft and other illegal activities militating against the growth of the sector. The Minister of Transportation, Mr Rotimi Amaechi, in a keynote address during the 2018 World Maritime …

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NNPC, NIMASA, Maritime Stakeholders Weigh Crude Oil Export Regime Options

NNPC

A high-powered meeting of stakeholders in the maritime industry has been convened to generate ideas on how best to export Nigerian crude oil to attract maximum benefits for Nigeria. The meeting with theme: “Free On-Board (FOB) and Cost, Insurance and Freight (CIF) Incoterms Framework for Export of Nigerian Crude Oil and Gas” was organized by the Nigerian National Petroleum Corporation …

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Maritime Transport Policy Important To National Economic Growth- Dakuku … As IMO pledges Support in Policy framework drafting.

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has stated that Nigeria is in dire need of a Maritime Transport policy which will complement the existing National Transport Policy and advance the country’s global maritime trade. The DG stated this at the opening of the National workshop on Maritime Transport Policy (MTP) organised …

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Oando PLC Signs $115.8m Midstream Agreement With Helios Investment Partners

Oando PLC Signs $115.8m Midstream Agreement WzithHelios Investment Partners Oando PLC has announced the execution of a definitive agreement with a vehicle owned by funds advised by Helios Investment Partners LLP (“Helios”), a premier Africa-focused private investment firm, to acquire 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power Limited (“OGP”). Oando is one of Nigeria’s …

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