Business

IMO to Host Extreme Weather Symposium in September

Published

2 years ago

August 23, 2024

OCHEFA

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The International Maritime Organisation (IMO) has decided to host its 2nd WMO-IMO Symposium on Extreme Maritime Weather.

Ohibaba.com reports that the symposium with the theme , `Bridging the Knowledge Gap Towards Safer Shipping,’ will hold in London 23-26 September 2024.

IMO, in a statement on Friday, noted that despite decades of investments in weather forecasting that have substantially improved the predictability of such events, ships still transit into hazardous conditions, resulting in damage and, often, loss of cargo, personnel injuries or deaths, and environmental damage.

“Incidents of ships encountering extreme weather in recent years underscore the urgent need for action by the shipping and metocean.”

The event is aimed at finding possible solutions to minimize the risks created by extreme maritime weather events – those which are dangerous to any ship at sea and are a threat to life, property, and the marine environment, besides the economic impacts to the global blue economy.

The Symposium will also provide an update on developments, building upon the first Joint Symposium in 2019.
The Symposium links to the World Maritime Theme 2024 ʺNavigating the future: safety first!.ʺ

It will contribute to the UN Decade on Ocean Science for Sustainable Development and the UN Early Warnings for All initiatives.

Related Topics:Extreme weather Imo Maritime

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Naira Exchange Rates Thursday, 5 Nov 2026

Published

2 days ago

November 5, 2026

OCHEFA

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BLACK/ PARALLEL MARKET RATES

₦1400DOLLAR (USD)

₦1830POUND (GBP)

₦1515 EURO (EUR)

₦950 CANADIAN DOLLAR (CAD)

₦70 SOUTH AFRICAN RAND (ZAR)

₦350 UAE DIRHAM (AED

₦190 Chinese YUAN (CNY)

₦100 Ghanaian CEDI (GHS)

West African CFA ₦2240 (XOF)

Central African CFA ₦2180 (XAF)

₦820 Australian Dollar AUSSIE (AUD)

Business

NNPCL wants to sell 10% equity via IPO on NGX, LSE

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

Published

3 days ago

November 4, 2026

OCHEFA

172 Views

The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.

The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.

The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.

Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.

The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.

Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.