The bill to amend the Nigerian Maritime Administration and Safety Agency (NIMASA) Act has passed the first reading on the floor of the Nigerian Senate.
The Chairman, Senate Committee on Marine Transport, Wasiu Sanni Eshinlokun, who announced this during a working visit by the committee to NIMASA office in Lagos, yesterday, noted that the Senate of the 10th National Assembly is committed to formulating policies that would ensure Nigerians enjoy the benefits of the blue economy.… Read the rest
For the first time in almost a decade, the Nigerian National Petroleum Company (NNPC) Limited has stopped the crude oil swap arrangement for petrol and begun utilising cash tenders to purchase fuel.
This shift, which is in accordance with President Bola Tinubu’s reform initiatives launched in May, aims to eliminate costly fuel subsidies and strengthen Africa’s largest oil-exporting nation’s financial stability.… Read the rest