Day: February 17, 2024

Navy warns Maritime criminal elements to stay off Nigerian waterways

The Nigerian Navy Forward Operating Base (FOB) Ibaka has warned maritime criminals to stay off Nigerian waterways as the command has stepped up surveillance to ensure no criminal escape from its area of responsibility.

The Commander, FOB Ibaka, Capt. Uche Aneke gave the warning on Friday during the handing over of MT BORA to Blueseas Maritime Company as investigations revealed that the vessel was not culpable.… Read the rest

Port economic regulatory agency bill passes second reading

The Nigerian Shipping and Port Economic Regulatory Agency Bill 2023 has passed second reading at the House of Representatives. The Bill seeks to repeal the Nigerian Shippers’ Council Act Cap N133 Laws of the Federation of Nigeria (LFN), and enact the Nigerian Shipping and Port Economic Regulatory Agency Act.

Presenting the Bill at the House of Representatives, the Chairman, House Committee on Shipping Services, Abdussamad Dasuki, said that the government made the Nigerian Shippers’ Council the Port Economic Regulator in 2015.… Read the rest

Fuel Scarcity Looms in Nigeria As Transporters Baulk At Rising Operational Costs

Nigeria could face a harsher economic climate as members of the Nigerian Association of Road Transport Owners (NARTO) on Thursday threatened to suspend operations on Monday due to rising operational costs.

National President of the organisation, Alhaji Yusuf Othman, in a press statement in Abuja, noted that if no deal is reached before then, members will park their trucks as from that day.… Read the rest

NNPCL/Total Energies joint venture achieves zero gas flare

The Nigerian National Petroleum Company Limited/TotalEnergies joint venture has achieved zero routine gas flare in all its assets, NNPCL announced on Thursday.

It said the achievement was in pursuit of meeting the targets of 20 per cent (unconditional) and 47 per cent (conditional) greenhouse gas emission reduction as contained in the Nationally Determined Contribution under the Paris Accord signed by the President Bola Tinubu administration

This feat was announced on Thursday during an inspection tour of OML 100 in South-eastern Niger Delta, off Port Harcourt, by a joint NNPC Ltd and TotalEnergies team to ascertain the success of the OML flare reduction project launched in December 2023,” NNPCL stated in a statement issued in Abuja by its spokesperson, Olufemi Soneye.… Read the rest