Economy
Secure Anchorage Area: Navy, NIMASA Intensify Security Efforts
The Nigerian Navy and Nigerian Maritime Administration and Safety Agency (NIMASA) are intensifying efforts to protect, interdict, and deter threats around vessels anchored in the Secure Anchorage Area (SAA), off the coast of Lagos.
The Director- General of NIMASA, Dr Bashir Jamoh made the announcement in a statement on Sunday.
Jamoh, during a courtesy visit by the Shipping Association of Nigeria (SAN), said that the new security effort was encapsulated in the total deployment of assets under the Integrated National Security and Waterways Protection Infrastructure, also called the Deep Blue Project.
He said that the deployment was on-going with the primary aim of providing security in Nigerian waters and the Gulf of Guinea and tackling the security challenges hindering the shipping business in the area.
“We are deploying high-tech assets under the Deep Blue Project to not only deal with piracy and armed robbery in our territorial waters frontally, but also respond to the increasing sophistication of these maritime crimes.
“The Nigerian Navy and NIMASA are partnering to ensure a high level of security in our waters.
“We are tying up all loose ends and very soon everything would become manifest and clear to stakeholders and operators,” he said.
The D-G also said that there was no security vacuum in Nigerian waters.
He spoke in response to security concerns raised by SAN following the cancellation of the SAA contract by President Muhammadu Buhari and transfer of the responsibility for the area’s protection to NIMASA and the Nigerian Navy
“ I can assure you that there is no security vacuum in our waters.
“From what I know, the SAA is more protected than ever before. The Nigerian Navy has recently deployed 14 warships to enhance security in the area and the wider maritime domain.
“Other assets, including Special Mission Vessels, interceptor boats, and Special Mission Aircraft, are also being deployed under the Deep Blue Project.
“Besides, there is an emergency mobile line for any vessel in distress in our waters, +2348030685167, and the NIMASA emergency response room can be reached on Channel 16 of the Very High Frequency (VHF) radio channel.
“The menace of maritime insecurity is an age-long challenge in the industry, and government is doing its best within the available resources to address the issues, with continuous patrols by dedicated vessels to the Secure Anchorage Area.
“ We appeal for a healthy working relationship and further deliberations are welcome,” he said.
He said that NIMASA was networking with international bodies, such as INTERTANKO and INTERCARGO, to ensure security in the Gulf of Guinea, with the Yaoundé-based International Coordination Centre (ICC) also playing a central role.
“Stakeholders should always contact the Command, Control, Computer Communication and intelligence (C4i) centre located at the NIMASA-owned Nigerian Maritime Resource Development Centre (NMRDC), Kirikiri, in Lagos, for necessary actions under the Suppression of Piracy and other Maritime Offences (SPOMO) Act’’.
Andrew Lynch , the spokesperson for SAN and Managing Director of Mediterranean Shipping Company, urged the NIMASA management to intensify measures to maintain security in the SAA.
Representatives of major shipping lines operating in Nigeria who attended the meeting included the Managing Director of Grimaldi Nigeria, Ascanio Russo, and Managing Director of CUA- shipping, Haul Odeyer.
Maersk Nigeria and GAC also had representation at the meeting.(NAN)
The Nigerian Exchange Ltd. (NGX) continued its bullish trend on Wednesday, gaining N183 billion.
Accordingly, the market capitalisation, which opened at N59.532 trillion, gained N184 billion or 0.31 per cent to close at N59.715 trillion.
The All-Share Index also added 0.31 per cent or 303 points, to settle at 98,509.
68, against 98,206. 97 recorded on Tuesday.Consequently, the Year-To-Date (YTD) return increased to 31.
74 per cent.Gains in Aradel Holdings, Zenith Bank, United Bank For Africa(UBA), Oando Plc, Nigerian Breweries among other advanced equities drove the market performance up.
Market breadth closed positive with 34 gainers and 17 losers.
On the gainers’ chart, Africa Prudential, Conoil and RT Briscoe led by 10 per cent each to close at N14.30, N352 and N2.42 per share, respectively.
Golden Guinea Breweries followed by 9.95 per cent to close at N7.18, while NEM Insurance rose by 9.74 per cent to close at N10.70 per share.
On the other hand, Julius Berger led the losers’ chart by 10 per cent to close at N155.25, Secure Electronic Technology Plc trailed by 9.52 per cent to close at 57k per share.
Multiverse lost 7.63 per cent to close at N5.45, Haldane McCall dropped 6.07 per cent to close at N4.95 and Honeywell Flour shed 5.62 per cent to close at N4.70 per share.
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 49.44 per cent.
A total of 320.10 million shares valued at N6.48 billion were exchanged in 7,943 deals, compared with 939.41 million shares valued at N12.81billion traded in 9,098 deals posted in the previous session.
Meanwhile, ETranzact led the activity chart in volume with 70.27 million shares, while Aradel led in value of deals worth N1.22 billion.(NAN)
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 22 pips to 7.1870 against the dollar on Monday.This is according to the China Foreign Exchange Trade System.In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (Xinhua/NAN)
Arewa Youths Initiative for Energy Reforms (AYIFER), has urged Nigeria National Petroleum Corporation Limited (NNPCL) to do everything possible to bring Kaduna Refinery back into operation.
National Coordinator of the group, Mr Bashir Al’Amin, stated this in a statement issued on Friday in Abuja.
Al’Amin specifically called on the Chief Executive Officer of NNPCL, Mallam Mele Kyari, to do all within his powers to rejuvenate the refinery and bring it up to global standard.
He said that having delivered the Port Harcourt refinery, coupled with the establishment of Dangote Refinery in Lagos, attention should be shifted to Kaduna refinery for easy spread of petroleum products.
“We are calling on Malam Mele Kyari to expedite action on Kaduna refinery so we can be at par with other regions in the country.
“We equally beg the NNPCL to do professional work in rehabilitating the old refinery and deliver a standard and functional petrochemical refinery and not a blending plant.
“Kyari should resist any temptation that could make him do something that can jeopardise his good image,” he said.
Al’Amin said that since the extinction of groundnut pyramid and textiles in Kano State as well as PAN in Kaduna State and with the Kaduna refinery getting moribund, a lot of youths had lost their jobs.
According to him, all their hopes in the north are tied to the legacy refinery, expressing the hope that God would use Kyari to deliver it well and on time.
He said that the group was solidly behind NNPCL in prayer and would be ready to celebrate the company if its expectations were met. (NAN)
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