Connect with us

Business

Egina FPSO: NPA Insists On Guidelines Compliance

Published

on

The Management of the Nigerian Ports Authority (NPA) has urged all stakeholders to ensure strict compliance with the country’s statutory rules and regulations on the operation of newly-built Egina Floating Production, Storage and Off-Loading (FPSO).
The Managing Director of NPA, Ms Hadiza Usman, made the plea while welcoming the new FPSO Egina at the LADOL Oil and Gas premises in Lagos.
The Tide source reports that the Egina FPSO came into the country after a 90-day voyage from Samsung Shipyard, Goeje, South Korea.
Our source also reports that Egina FPSO had a Length Over All (LOA) of 330 metres, and a Gross Tonnage (GT) of 219,800 tonnes.
Usman said that the FPSO vessel to be received by NPA and Nigeria by extension showed that NPA could handle any vessel of such size.
She commended Total, LADOL Free Zone, the Trade Zone and Samsung Heavy Industry (SHI) for the synergy through which the Egina emerged.
“Over the past couple of months, NPA has embarked on massive investment which included the purchase of four tug boats, the dredging of channels, as well as campaign for the removal of wrecks across the nation’s waterways.
“We are doing all these to increase our capacity for effective service delivery.
“It is important to note that the choice of Lagos for this project is a confirmation of the good reasoning behind the Federal Government’s Policy on Liberalisation of Oil and Gas Logistics operations.
“We as a result, encourage prospective investors to explore this and other opportunities that the reform of our operations had engendered, as we assure of NPA’s willingness to facilitate these ventures,’’ Usman said.
For the oils and this in particular, NPA has promised to support and enhance global and national trade by enabling all clients to land their cargo directly at the Free Trade Zone.
She said that the project would provide the hub for the oil and gas supply chain within the sub-region.
Usman commended President Mohammadu Buhari, the Minister of Transportation, Mr Rotimi Amaechi and the entire Federal Government for their support towards the project.
She also commended the support of the Board of Directors of NPA, as well as all the government sister agencies for their continuous collaboration.
Also speaking, the Executive Chairman of LADOL Oil and Gas, Mr Oladapo Jadesimi, said that arrival of Egina FPSO being the largest vessel ever to berth in West Africa, was a big step towards achieving the vision and mission of the nation.
“Our shipyard is now on course to create 50,000 new jobs and attract billions of dollars in additional investment across the country.
“This success is only possible due to the enabling environment and a level playing field ushered in by President Buhari and implemented by the NPA under the leadership of Ms Hadiza Usman.
“Over $500 million had been privately invested into LADOL, turning a disused swamp into a world-class industrial free zone,’’ he said.
The Managing Director, Total Upstream Nigeria Ltd, MR Nicolas Teraz, said that the engine would be producing oil at a depth of 1,500 metres under water, saying that Egina FPSO was the largest floating platform in the country at the moment.

“Over 60,000 tonnes of materials were fabricated in Nigeria, out of which 12,000 tonnes, representing six modules, were done in Lagos by LADOL,’’ Teraz said.
He, however, said that the FPSO platform showed efficiency and commended their partners for making the project a reality.

Continue Reading

Maritime

Shippers’ Council Registers 160 Port Operators

Published

on

The Nigerian Shippers Council (NSC) says it has registered 160 Port stakeholders into its Regulated Port Service Provider and Users platform since the initiative began in 2023.
Executive Secretary, NSC, Mr Pius Akutah, made the disclosure on the sideline of a sensitisation programme by the commission for port operators in Lagos, with the theme, “Regulated Port Service Provider and Users”.
Represented by the Director, Consumer Affairs, Chief Cajetan Agu, Akutah emphasised the significance of the programme for stakeholders.
He said the sensitisation programme was the second edition after its commencement during the last quarter of 2023.
The Secretary said the 160 registered port operators consist of agencies, terminal operators, shipping companies, individual port users as well as service providers.
“We invited the ports stakeholders for enlightening them on the processes for online registration of Regulated Port Service Provider and Users.
“We have demonstrated to them how to register and how to make payment and we were able to present before them the various categories of the registration.
“The rate of payment is also in the registration. The payment of each group depends on the operation. A shipper pays N30,000, terminal operators and shipping companies pay N300,000, truckers also pay N30,000, while some pay N50,000 and N100,000.
“The Council was able to intimate them on the benefits, because port users benefit more as we help to interface on reducing port charges from time to time”,  Akutah said.
He said  that there was a need to continue to work with port operators to stop delays and eliminate high costs to make the port efficient.
Also speaking, the Deputy Director, Stakeholders, Service, NSC, Mr Celestine Akujobi, said “the sensitisation exercise was important for the council to enable us bring all the port stakeholders together”.
According to him, this is to avoid challenges during the implementation of the council’s responsibilities.
“By the time we introduce sanctions on defaulters, no operators will complain that he or she is not aware of the registration.
“I’m happy with the turnout of this sensitisation. This shows that the operators are well informed of the statutory friction of the council as the port regulator.
“The final implementation will commence as soon as we discover that all the operators have keyed into the portal.
“We are engaging other ports across the country and we’re hopeful that before the last quater of 2024, the council will implement sanctions on defaulting operators”, Akujobi said.
Earlier, Vice Chairman, National Association of Government Approved Freight Forwards (NAGAFF), Dr Ifeanyi Emoh, said  port challenges were enormous, adding that they originated from some of the government agencies.

Emoh urged the council to look into regulating other government agencies, so that there could be a window through which they can collect port charges collectively instead of indiscriminately.

By: Chinedu Wosu

Continue Reading

Business

Chivita, Hollandia Reward Outstanding Trade Partners At Annual Conference

Published

on

Chivita| Hollandia (CHI Limited) leading fruit juice and value-added dairy manufacturer in Nigeria has rewarded its long standing distributors at the recently held 2024 Distributor Conference. The event with the theme, “Break Boundaries Exceed Expectations” served as a platform to recognise and reward the exceptional contribution of the distributors and wholesalers who play a critical role in Chivita|Hollandia (CHI Limited) success and business goals for the year.
The Distributor Conference was held in two sessions. While the morning session featured keynote addresses, industry insights and brand immersion experience, the evening session was a cultural display of elegance and funfair that culminated in the award presentation and recognition of the contribution the trade partners made to the company in the 2023 year under review.
A key highlight of the event was the award ceremony which acknowledged outstanding trade partners in various regions across the country. The awards recognized commitment, dedication, and outstanding performance in areas of sales growth, brand promotion, and market expansion.
Eelco Weber, Managing Director, Chivita|Hollandia (CHI Limited), stated that the company’s success story is incomplete without the strong partnerships it has built with trade partners. “Today, we celebrate not only the achievements, but the collaborative spirit that has made our growth possible” he said.
Bola Arotiowa, Chief Commercial Officer, Chivita|Hollandia (CHI Limited), in his statement revealed that, the event which was first of its kind will continue to be an annual meeting to enable the company work more closely with its distributors, share insights and action points, help the trade partners familiarize themselves with the company’s goals and objectives for each year, and serve as a driver for mutual success.
“Our distributors are the backbone of Chivita|Hollandia (CHI Limited). Their relentless efforts in distributing our products, promoting our brands, and expanding our reach across the nation is truly commendable. As the bridge between us and our valued consumers, it is very important to reward their hard work and dedication for being an essential part of the Chivita|Hollandia (CHI Limited) family. Together, we will continue to deliver great products to our conusmers which in turn will deliver value to them”, Mr. Arotiowa added.
Speaking at the conference, HajiyaBilikisuSaida, Chief Executive Officer of Smabirm Nigeria Limited, who won the Outstanding Distributor of the Year in North 1 region, and got a reward of two million Naira worth of Chivita|Hollandia (CHI Limited) products expressed delight at the company’s recognition, and stated that the awards served as a way to inspire distributors to do more and put in more effort, which in turn would help both the distributors and the company to grow.
Other outstanding performance distributors of the year rewarded with a two million Naira worth of Chivita|Hollandia (CHI Limited) stock include, Sunny Chuks Limited for East 1 region, MRS FA & Sons Limited for East 2 region, Hussakas Ventures for North 2 region, Rookee 1388 Ventures for Lagos 1 region, Pik N Pil Ventures for Lagos 2 region, FaithJoe Event Management Limited for West 1 region, and Progress Family Nigeria Enterprise for West 2 region.
The annual Distributors Conference aims to strengthen the bond between Chivita|Hollandia (CHI Limited) and its trade partners. This collaborative approach fosters mutual growth and ensures the continued success of the brands in the Nigerian market.
Continue Reading

Business

AXA Mansard Backs Female-Owned MSMEs With N1.4m Grant

Published

on

A global leader in insurance and asset management, AXA Mansard, has supported three female-owned MSMEs with business grants totaling 1.4 million to boost their operations.
This, the company said, is part of its commitment to women and the Medium, Small, and Medium-scale Enterprise (MSME) sector in the country.
The three businesses were successful at the International Women’s Day Pitch Competition, organised in partnership with SME 100 Africa in Lagos.
According to the Head of Marketing, AXA Mansard, Olusesan Ogunyooye, the competition, which is aimed at supporting female entrepreneurs in Nigeria, “is another way AXA is demonstrating its commitment to the causes of women and stimulating the MSME sector in Nigeria”.
The business pitch competition received numerous entries from women across different sectors, but after a rigorous selection process, shortlisted participants were selected to participate in the competition.
Ogunyooye said “the programme provided a unique opportunity for women from various works and socio-economic classes to showcase their innovative ideas and solutions in sectors such as food, tech, fashion, and fragrance, creating an atmosphere filled with excitement, enthusiasm, and a strong sense of community”.
He stressed the importance of investing in women, saying it is not just the right thing to do, but also aligns with AXA’s purpose of acting for human progress.
He explained that AXA believes the future of women should not be at risk, hence investing in their economic empowerment is a crucial part

Continue Reading

Trending