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Gulf of Guinea Focus Week 42


Navy Ship Arrests 11 Stowaways in Lagos
Navy Ship Arrests 11 Stowaways in Lagos

The Nigerian Navy Ship (NNS) Beecroft while on routine patrol has intercepted and apprehended 11 stowaways aboard a ship in Lagos. The stowaways were arrested at

about 7pm at obscured spaces of the stern gate onboard Gwangzhou Highway Panama, which was enroute to Ghana. Commander NNS Beecroft, Commodore Kolawole Olumide Oguntuga, said the navy’s Western Regional Control Center (WRCC) was immediately informed and prompted the vessel to halt within Lagos anchorage. “Initially, four stowaways were apprehended from the stern of the vessel. However, information provided by these individuals revealed the presence of additional stowaways inside the ship.


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Lekki Port Struggles To Gain Traction Amidst Economic Headwinds
Lekki Port Struggles To Gain Traction Amidst Economic Headwinds

Naira devaluation, FX scarcity, and high exchange rates are causing a lull in business activities at the nation’s seaport generally, and the brand new $1.5 billion Lekki Deep Seaport is not an exception. The port, which started commercial operations in April 2023, six

months ago, is yet to start witnessing a boom in the volume of import and export containers coming and leaving the port. The economic downturn in Nigeria has continued to slow the wider acceptance of Nigeria’s first deep seaport as a preferred destination for importers and other businesses.


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Ship Owners Knock NIMASA Over Ineffective Ship Registry
Ship Owners Knock NIMASA Over Ineffective Ship Registry

The Nigeria Ship Registry has been grappling with stagnation and underperformance for the last four years, under the watchful eyes of the Nigerian Maritime Administration and Safety Agency (NIMASA). Investigations by Shipping Position Daily have revealed. This revelation comes even as stakeholders in Nigeria’s maritime sector strongly criticized NIMASA for its

inability to breathe new life into the registry. The Nigeria Ship Registry plays a critical role in ensuring safety, security, and environmental protection in the nation’s maritime space. It’s also a cornerstone for bolstering Nigeria’s reputation in the global maritime industry. Yet,

recent assessments have exposed a disheartening trend; a lack of substantial progress in enhancing the registry’s efficiency and relevance.


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Fuel Price Rises 226.75% to N626.21 per litre — Report
Fuel Price Rises 226.75% to N626.21 per litre — Report

The price of Premium Motor Spirit, otherwise known as petrol increased year-on-year, YoY, by 226.75 per cent to N626.21 per litre in September 2023, from N191.65 per litre, recorded in the corresponding period of 2022. However, in its latest report – Premium Motor Spirit (Petrol) Price Watch for September 2023 – obtained by Energy Vanguard, the National Bureau of Statistics, NBS, indicated that Taraba State topped the price chart at N665.70 per litre, overshooting the post subsidy adjusted price of N600.35 per litre for that region by 9.8 per cent. Borno State followed with N657.37 per litre while Benue State ranked third with

N641.29 per litre, overshooting the post-subsidy price with 8.7 per cent and 6.4 per cent, respectively.


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DP World Signs 30-year Concession to Operate Dar es Salaam Port
DP World Signs 30-year Concession to Operate Dar es Salaam Port

DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and modernise the multi-purpose Dar es Salaam Port, connecting Tanzania and the wider region to global markets. DP World will initially invest more than $250 million to upgrade the port and the investment could increase to $1 billion during the concession period, alongside hinterland logistics projects. This is the first phase of a multi-phase investment plan. The Port will connect to the hinterland of sub-Saharan Africa through

a network of roads, highways, railways and dedicated freight corridors and ports.


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NNPCL Records 149 Oil Theft Cases In One Week
NNPCL Records 149 Oil Theft Cases In One Week

The Nigerian National Petroleum Company Limited said it recorded 149 incidences of crude oil theft across the Niger Delta in one week. In a statement, the Company said in one of the incidents, an oil bunkering site was uncovered in Osuobodo between two ANTAN flow

stations south of Oguta naval base in Imo state. It stated, “Far from the regular, these criminals have taken their activities a notch higher. In this camp, CCTV cameras have been installed on trees by the thieves to look out for security operatives. Mortar launchers and

defence systems were also mounted by the oil thieves in various locations to eliminate any perceived enemy.” This discovery, NNPCL said, was made possible after an invasion by the military following information gathered by an air surveillance carried out by Target Energy, Tantita security services, Operation Delta Safe and the Military in August.


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Oyetola vows to enforce use of scanners at ports
Oyetola vows to enforce use of scanners at ports

Minister of Marine and Blue Economy, Adegboyega Oyetola Oyetola has said that he would “obtain presidential endorsement of the use of scanners at the nation’s seaports”. The Minister disclosed this while speaking during a panel discussion at the 29th session of the Nigeria Economic Summit Group (NESG), with the main theme “Pathways to Sustainable Economic Transformation and Inclusion”. He disclosed that the Federal Government has initiated plans to launch a roadmap for the marine and blue economy sector, acknowledging that charting a policy agenda for the sector is critical to transforming it into the best in class,

regionally and internationally.


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