Business

NIMASA To Auction Floating Dock, Barges In Sapele Port

Published

9 years ago

October 3, 2016

The Director-General, Ni
gerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, said the management had placed a notice to auction a floating dock and three barges disturbing navigation in Sapele port.
Peterside made the disclosure on Tuesday during a tour of some of the agency’s facilities in Sapele in Delta, by the management of NIMASA.
He said that though the floating dock and the three barges did not belong to NIMASA, the agency had been maintaining the barges and floating dock since 2006.
“NIMASA has placed many notices to get owners of the floating dock and barges to move them but no single response from anybody and the environment also contained scraped containers.
“By next week, the management will meet and come up with a quick solution to stop the environmental challenges in Sapele area,” Peterside said.
He said that, “The population of the NIMASA workforce in Sapele port is small and intends to boost the workforce.”
The NIMASA boss said that the management would ensure that members of staff of NIMASA in Sapele, work effectively for the agency to be on top of its core functions.
He said that Cabotage had become a priority to the agency because of its wider potential in creating employment for Nigerians.
Peterside stressed the need to engage youths to work in Cabotage vessels.
He said that it was important to derive more benefits from Cabotage law, adding that Nigeria was the first country in Africa to start Cabotage law.
“We will continue the drive to be the leader in Africa and for NIMASA, enforcement is non-negotiable.
“Because it is only from enforcement, one can derive the full benefits of Cabotage,” he said.
The Zonal Coordinator, Central Zone of NIMASA in Warri, Capt. Kunle Olayiwola, decried lack of working tools which was affecting the operations of NIMASA’s office in Sapele.
Olayiwola said that the office only worked with a Hilux vehicle which had been vandalised, adding that there were no adequate equipment and ICT tools to work with.
“We have many vandalised containers in this Naval base in Sapele.
“There are 350 pipes which are still good for use and many vandalised trucks at the water front.
“The depth of the water is about eight to nine metres; and a barge can carry about 2,600 tonnes of cargoes.
“The floating dock and barges are threats to the environment, ‘Olayiwola said.
He said that though the floating dock had been anchored, “the environment needs urgent attention”.
Olayiwola advised that NIMASA could upgrade the Naval Damage Control School and turned it into one that could award the Standard of Training, Certification and Watch Keeping (STCW) to assist Nigerian seafarers.
The Deputy Commandant, Nigeria Naval Engineering College, Sapele, Capt. Stop Ebe, urged NIMASA to rehabilitate the water front and convert it to a port for a concessionaire to manage, rather than being redundant.
He said that some containers were still locked with some goods in the port.
Mr Wilson Arantan, who manages P KUKU Maritime Service, urged NIMASA to evacuate the floating dock and the three barges to safe lives in the environment.

Business

PENGASSAN Tasks Multinationals On Workers’ Salary Increase

Published

6 hours ago

December 8, 2025

The Tide

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked companies in the oil and gas sector to undertake urgent review of salaries of their workers in view of the prevailing harsh economic conditions in the country.

Also, the pensioners of Chevron Nigeria, under the aegis PenCoN, have lauded the President of PENGASSAN, Comrade Festus Osifo and his executive on their unrelenting efforts toward addressing pension abnormalities faced by retired workers in the oil and gas industry.

The association also appealed to the federal government to take necessary measures to check banditry and terrorist activities in parts of the country.

PENGASSAN President, Osifo who addressed journalists shortly after the National Executive Council meeting of the association in Abuja, at the weekend, said that though a lot of success has been recorded in negotiating salary reviews for its members, there are still organisations that have failed to lift their workers from the present harsh economic situation.

He said within this period, PENGASSAN has signed numerous Collective Bargaining Agreements (CBAs) which has brought smiles to the faces of its teeming members.

“This is because we recognise that our job, literally, is how to protect the job of our members, and how to enhance their pay,” he said.

Osifo said that operators in the oil and gas sectors always go for the best qualified professionals to carry out their operations.

“So, the same way they recruit the best, we also challenge them to provide the best condition of service and provide the best remuneration.

“Yes, today, a lot of companies will have achieved successes, but there are still few that we are still discussing at their CBAs, that we are not yet there.

“We still use this opportunity to call on these companies that are still foot dragging, that are still holding back, even with the massive devaluation that has occurred in our country, that still don’t want to fix the remuneration of our members.

“We are calling on them to do the needful, because for us in PENGASSAN we will push without holding back. We will push, using everything in our arsenal, to ensure that the needful is done,” he said.

Osifo spoke of the dispute with the Dangote Refinery group, saying there are still pending issues to be resolved.

“Gentlemen of the press, during the networking session, we also looked at the issues that are plaguing some of our branches, and you know that recently, we had some challenges in Dangote Refinery and PetroChemicals Ltd.

“And within this period, since our last National Industrial Action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues.

“Yes, the NEC decided that, yes, let us still consummate that process by pushing those issues, by engaging in dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved,” he said.

Business

SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

Published

6 hours ago

December 8, 2025

The Tide

The Securities and Exchange Commission (SEC) has launched the Regulatory Hub, a new centralized digital platform designed to streamline collaboration, strengthen oversight, and improve transparency across Nigeria’s financial and capital market ecosystem.

The Commission disclosed this in a statement posted on its website.

According to the commission, the platform connects key regulatory and security institutions including the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), Federal Inland Revenue Service (FIRS), and Corporate Affairs Commission (CAC), enabling them to exchange information securely and in real time.

The launch of this regulatory hub comes ahead of the implementation of new tax laws in January 2026, with agencies such as the FIRS spreading its tentacles across sector to monitor compliance.

According to the SEC Director-General, Emomotimi Agama, the launch marks a significant step toward modernizing Nigeria’s regulatory framework through technology.

“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.

The SEC said the platform would help reduce bottlenecks in regulatory processes and facilitate faster, more informed decision-making across agencies.

Reinforcing the DG’s comments, the Executive Commissioner, Operations, Bola Ajomale, highlighted the operational benefits of the new system.

“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.

The commission believes the Regulatory Hub would support its broader mandate to strengthen investor protection, enhance market stability, and harmonize regulatory activities across the financial sector.

It urged stakeholders to initiate interest by emailing the Commission, adding that once registered, participants would be able to access the Hub and take advantage of its features.

Business

NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products

Published

6 hours ago

December 8, 2025

The Tide

The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing circulation of banned food products across markets in the country.

The agency, in a Press Release dated 6 December 2025, warned that these items including pasta, noodles, sugar and tomato paste are expressly listed on the Federal Government’s Customs Prohibition List and are illegal to import.

NAFDAC stated that the sale and distribution of such prohibited items violate national trade laws, compromise the integrity of Nigeria’s food control system, and pose significant public health risks, as they have not undergone the agency’s mandatory safety and quality evaluations.

Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.

The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.

The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.

“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.

NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.

By: Lady Godknows Ogbulu