Business
NIMASA Rescues Hijacked Ghanaian Fishing Vessel
The Nigerian Maritime Administration and Safety Agency (NIMASA) said its satellite surveillance system helped to rescue a Ghanaian fishing vessel from suspected hijackers last Thursday.
A statement by Mr Isichei Osamgbi, NIMASA’s Deputy Director and Head of Public Relations Unit, yesterday said that the International Maritime Bureau (IMB) disclosed that the Liberian-flagged ship, “Fair Artemis” lost contact with its owners on Wednesday.
The statement said the Ghanaian registered vessel was hijacked off the coast of Ghana and sailed across Togo and Benin Republic to Nigeria.
It said the Ghanaian Fisheries Authority and the operators of the fishing vessel joined in requesting NIMASA to bring the incident to a logical conclusion.
“A Greek oil tanker with 24 crew members has lost contact with its owners in the Gulf of Guinea, sparking fears that the ship may have been hijacked by pirates,” the statement said.
It said that responding, NIMASA immediately launched its satellite surveillance system in collaboration with the Nigerian Navy and the Nigerian Air Force.
It added that the six hours surveillance operation was coordinated by Capt. Warredi Enisuoh, NIMASA Director of Shipping Development.
“The newly built satellite surveillance system of the agency which has penetrating radar capabilities was brought to bear and the incident was resolved within six hours.
“The NIMASA team, working with the Nigerian Navy and the Nigerian Air Force, used air and sea patrols.
“They quickly put up a response which made the hijackers abandon their mission and flee,” the statement quoted Enisuoh as saying.
It explained that the International Maritime Organisation (IMO) had designated Nigeria as one of the five Regional Maritime Rescue Co-ordination Centres (RMRCCs) in Africa.
“Nigeria, therefore provides Search and Rescue (SAR) and security co-ordination in the waters of Benin Republic, Cameroon, Congo, Gabon, Sao Tome and Principe, and Togo, in addition to its own territorial waters,” it said.
Business
NCAA Certifies Elin Group Aircraft Maintenance

Business
SMEDAN, CAC Move To Ease Business Registration, Target 250,000 MSMEs

Business
Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
-
Sports12 hours ago
Plateau Wins Kanemi, As Bayelsa, Bendel Played 1-1
-
Education12 hours ago
VC Congratulates Igwe on Appointment as Pro-Chancellor
-
Politics12 hours ago
Alleged Attack On Abure In Benin, LP Calls For Investigation
-
Sports12 hours ago
La Liga: Atletico Bring Real Back To Earth
-
Maritime12 hours ago
Customs, MAN Consent On 4% FoB Exemptions, Manufacturing Support Measures
-
Rivers12 hours ago
IAUE Emerges Winner Of National Campus Debate, 2025
-
News12 hours ago
FUBARA: UNDERUTILISED SEAPORTS DENYING RIVERS ECONOMIC PROSPERITY ……..Hosts NPA Board, Mgt On Courtesy Visit
-
Opinion12 hours ago
94 Years From A Turning Point