Business – Page 5 – Shipping World News Magazine

Oct292017 by Our EditorNo Comments

INTELS collected naira bills in dollars— Stakeholders

As Nigerians await patiently for the outcome of the lucrative boat pilotage contract which INTELS monopolized for almost two decades, more facts have emerged on how the Logistics giants fraudulently ripped off Nigerian importers. Chief Reginald Amadi ,the Spokesman for the Edo/ Delta chapter if the Association of Nigeria Licensed Customs Agents revealed that was wrong for INTELS to collect dollar payments for local transactions. He said , " I think INTELS got into trouble because they went beyond the brief of the agreement, they took things for granted. I think NPA just found out that INTELS was deviating from its obligations and decided to wield the big stick', he said. Chief Amadi said it was not true that 11,000 jobs would be lost if INTELS lost the contract insisting there were o...

Oct272017 by Our EditorNo Comments

NPA to Partner Women in ANLCA on Port Operation, Says Usman

Business, Port News

The Managing Director of Nigerian Ports Authority, Hadiza Bala Usman has said that as a strong believer in partnership and collaboration, she will tap into the knowledge and experience of Women in ANLCA (Association of Nigeria Licensed Customs Agents) which will guide the Authority in making policy decisions on Ports Operation. Hadiza Bala Usman made this assertion while receiving a delegation of Women in ANLCA led by its Governor, Hajia Bola Muse who paid her a courtesy call in her office in Marina, Lagos Thursday . She continued; “I would like to say that in Nigerian Ports Authority, we believe in partnership and collaboration, we believe that there is a need for the Authority to reach out to critical Stakeholders and partner with them in any way we can, We understand and appreciate ...

Oct272017 by Our EditorNo Comments

8 Female Professionals Bag MMS Plus Awards

Business, Misc

Eight prominent female professionals who have excelled in their various fields of specialization were Thursday inducted into the MMS Plus Woman of Fortune Hall of Fame in Lagos. Among the women who also received awards were Priscillia Ogwemoh, Managing Partner, Olisa Agbakoba Legal; Funke Agbo, SAN, Senior Partner, Adepetun Carton-Martins Agboh & Segun (Barr & Solicitor); Dr. Amy Jadesimi, Managing Director , Lagos Deep Offshore Logistics Base(LADOL); Chief (Mrs) Ijeoma J. Uche-okoro, Director Legal Services, Federal Ministry of Transport; Dr. (Mrs) Lucy S. Newman, Managing Director Financial Institutions Training Centre (FITC). Others were Mrs Chinyere Annie Okonkwo, Director, Topwide Ventures Limited; Janet Adeyemi, President, Women in Mining and Sylvia Asana Own, Deputy Ch...

Oct272017 by Our EditorNo Comments

NIMASA to Enforce Strict Observation of Safety Regulations at Sea

Business, Law

The Director General of the Nigeria Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has restated the Agency’s commitment towards the enforcement of strict safety regulations at sea, in order to ensure the protection of Marine Environment and Safety of assets. The DG who made this assurance during the opening of the ongoing 4th Regional Technical Search and Rescue Committee meeting in Lagos, said that the establishment of an Emergency Service Division which is entrusted with the responsibility of rendering Search and Rescue Services to vessels and mariners in distress within the Nigerian territorial waters is a major accomplishment for the Agency. Dr. Peterside who was represented at the event by the Agency’s Executive Director Maritime Labour and Cabotage Ser...

Oct272017 by Our EditorNo Comments

Agge Sea Port: Gov. Dickson Visits Amaechi

Business, Port News

The Bayelsa State Governor, Honorable Henry Seriake Dickson on Thursday, led a high-powered Bayelsa delegation to visit the Minister of Transport, Honorable Rotimi Chibuike Amaechi to seek collaboration on the Deep Seaport in Agge, International Cargo Airport and Coastal Railway in Bayelsa State. The Governor urged leaders and government functionaries to always work for the good of country. He said once elections are over, political actors must close rank irrespective of party affiliations to work for the security and the development of the country. While stressing that the Agge Deep Seaport will be viable, Governor Dickson said the Deep Seaport and the Airport will open up the state and make Bayelsa play an active role in the Gulf of Guinea since Bayelsa is on the tip of the Atlantic O...

Oct212017 by Our EditorNo Comments

NPA acquires modern equipment to tackle environmental pollution

Business, Port News

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has unveiled modern pollution and environmental equipment namely Drones, Jet skis and Booms for surveillance, monitoring and containing oil spillages. Others are Blowers, Pressure Washers, Skimmers, Power Pack Absorbers and Multiple Dispersant Sprays. Speaking during the event, the Managing Director urged the officer and staff in charge of the equipment to put them into optimal use to the appreciation of the stakeholders whilst bringing to the fore that the government was interested in ensuring the effective compliance and sustenance of the Ease of Doing Business at the Ports. She therefore postulated that matters concerning the occupational health of the officers and staff of the Authority was constantly paid...

Oct212017 by Our EditorNo Comments

Usman pledges to facilitate ease of doing business at seaports

Business, Port News

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has assured the business community in Nigeria that the authority has put in place appropriate measures that would enable it facilitate business activities at the nation’s Seaports. Usman gave this assurance while delivering a keynote address at a one day sensitization workshop put together by the Presidential Enabling Business Environment Council (PEBEC) and NPA held at the Eko Hotels and Suites, Lagos Friday. According to her; “It will interest you to know that even before the Executive Orders were signed into Law by the Federal Government, the authority had put in place measures aimed at attracting investments into the maritime sub-sector of the nation’s economy”. The Managing Director who was represe...

Oct202017 by Our EditorNo Comments

TAX HOLIDAY: NIMASA Appeals Against Enforcing Judgment

Business, Law

The Nigerian Maritime Administration and Safety Agency (NIMASA), has appealed the judgment of the Federal High Court Lagos in the matter between Nigeria Liquefied Natural Gas (NLNG), Attorney General of the Federation, Global West Vessels Specialists Ltd and NIMASA. The Agency filed the appeal with an application to stay the execution of the judgment and restrain NLNG, pending the determination of the appeal. The appeal and stay was filed even before receiving the Certified True Copy of the judgment 14 days after the judgment was delivered in line with legal provisions. This proactive step of the Agency was taken to forestall any negative action, yet the NLNG ignored this court action and commenced a media trial. In the grounds of Appeal by NIMASA’s legal team, the Agency complained ...

Oct202017 by Our EditorNo Comments

Fashola in Pains Over Apapa Gridlock

Business, Law

The Minister of Power, Works and Housing, Babatunde Fashola, SAN, Thursday said that he was deeply concerned about the Apapa gridlock, adding the problem has given him with sleepless nights. Fashola who spoke during a stakeholders meeting said he was even more worried now as Christmas approaches. He said that his concern has to do with the amount of suffering that many companies, residents and other individuals have been facing as a result of the gridlock. He said that importers and exporters need to understand the pain they cause people of Lagos as the current road repair is being carried out, adding that they ought to think of what can ease the pain. He suggested other ports outside Lagos, including Calabar and Warri, but noted that these seaports may not be convenient. Fashola ...

Oct202017 by Our EditorNo Comments

Intels’ Boss Apologises to NPA, Says Company Will Comply with TSA Policy

Business, Politics, Port News

Says firm remains committed to Badagry deep seaport By Eromosele Abiodun The founder and majority shareholder of Intels Nigeria Limited, Nigeria’s oil and gas logistics giant with operations in Onne, Rivers State, Warri, Delta State and Lagos, Mr. Gabriele Volpi, has apologised to the federal government and the Nigerian Ports Authority (NPA) over the spat that led to the termination of the Pilotage Agency Agreement between his company and NPA. Speaking exclusively to THISDAY Thursday evening, the normally reticent Volpi, who holds dual Italian and Nigerian citizenship, said he was not involved in the negotiations between his firm and NPA over the disagreement on the pilotage agreement but was apologetic for the misunderstanding that had taken place. He also resolved to ensure t...