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NIMASA Seeks Location For N50bn Floating Dock

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The Nigerian Maritime Administration and Safety Agency (NIMASA) says it is yet to get a location for the N50 billion floating dock.
Director-General NIMASA, Dr Bashir Jamoh, in an interview with newsmen in Lagos, said no one has started or tested the floating dock since 2018.
He said it took the agency eight months to convince the regulatory authorities to get approval to commence operations of the floating dock in Lagos instead of the Niger-Delta.
“Now, as we are talking, I am just coming back from Abuja to get the consent and agreement of the people that will give us the location where we can place the floating docks.
“Up till now, we have not got a location. And then, the other thing is that it has been there since 2018, nobody has worked on it, started it or tested it. So, we have to bring the engineers several times to come and work on it, including the Isrealis.
“Secondly, on the location, the first thing that came was the issue of going to the Niger-Delta. We discovered that we don’t have the draft; the issue of commercialisation also came to the fore, people don’t have the confidence to go there and so many other things.
“On this alone, we spent eight months convincing the authorities to give us the approval to commence the operation of this floating dock in Lagos”, he said.
A floating dock, floating pier, or floating jetty is a platform or ramp supported by pontoons. It is usually joined to the shore with a gangway.
“The pier is usually held in place by vertical poles referred to as pilings, which are embedded in the seafloor or by anchored cables”, he explained.
The floating dock, which was conceptualised and acquired by the Dakuku Peterside-led administration, was expected to serve as a maintenance base for visiting vessels and those domiciled in the country, with aspirations to save about $100m yearly in capital flight; generate employment, and boost local capacity.
Sadly, the aspirations have become a mirage, owing to improper planning.
The facility, measuring 125 metres by 35 metres, with three in-built cranes, transformers, and a number of ancillary facilities, was built by one of the world’s largest ship-building firms, Damen Shipyards, in collaboration with its partner, National Industrial Research and Development Agency, Amsterdam, the Netherlands, for N50bn.
Speaking on the agency’s plan to collaborate with the Nigerian Ports Authority (NPS) to manage the floating dock, the NIMASA DG said, “We came and saw the modular floating dock belonging to NPA working, with the dolphins standing.
“Today, it is no more. We had a meeting with the NPA and we were contemplating whether the people that managed their floating dock will manage ours. I told them that they killed their own, and that they can’t kill my own, we learned from that particular arrangement, the NIMASA DG explained.
Jamoh said the government had to import dolphins that would be used to clip the floating dock from the Netherlands as they could not be sourced locally.
“For the dolphins that we want to put,  you cannot get the equipment that can fit into the dolphins into our own sea in order to clip the floating dock.
“We have to do temporary importation of the equipment from the Netherlands, to come just to put the dolphin and take it back to Netherland” he concluded.

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PENGASSAN Tasks Multinationals On Workers’ Salary Increase 

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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.
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SEC Unveils Digital Regulatory Hub To Boost Oversight Across Financial Markets

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

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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
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