The Nigerian Maritime Administration and Safety Agency (NIMASA) has signed a Memorandum of Understanding (MoU) with Sternula Denmark on full-scale Very High Frequency (VHF) Data Exchange System (VDES) space capabilities between the Agency and Sternula.
The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA Dr Bashir Jamoh, OFR, who signed on behalf of the Agency noted that the international partnership to enhance vessel to vessel/ land communication in Nigeria will not only enhance safety and security of navigation in Nigerian waters, but also improve productivity of seafarers. … Read the rest
As the Nigerian Maritime and Safety Administration (NIMASA) plans to deploy its N50 billion modular floating dock, the federal government also eyes to generate N12 billion annually from the facility, saying it will help attain the blue economy objectives of the Tinubu administration.
NIMASA also said the dock will not only arrest capital flight, but also boost the nation’s ship repair capacity and transform Nigeria’s maritime industry for wealth and employment creation.… Read the rest
Aliko Dangote is reportedly in the process of establishing an oil trading division, potentially situated in London, aimed at managing the crude and product supply chain for his upcoming refinery in Nigeria, according to six informed sources who spoke to Reuters.
This strategy is expected to diminish the influence of the largest trading companies in the world. These companies have been in discussions for an extended period, seeking to secure financing for the refinery and supply crude oil, in return for the rights to export its products. … Read the rest