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Navy seeks sustainable maritime practice to realise blue economy

Published

2 years ago

September 10, 2024

OCHEFA

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The Navy, yesterday, said that there was need for sustainable maritime safety and security practices.

It spoke at a five-day maritime security and blue economy workshop at NNS QUORRA, Lagos, by International Maritime Institute of Nigeria (IMION) with Sequential Development Solution (SDS).

The workshop, with maritime stakeholders, is to enhance understanding of the blue economy and its importance to Nigeria; improve capacity to support and protect sustainable maritime activities, and strengthen cooperation with national and international maritime stakeholders.

Chief of Naval Staff, Vice Admiral Emmanuel Ogalla, noted that realisation of objectives of the blue economy was hinged on sustained maritime security.
Represented by Flag Officer Commanding Naval Doctrine Command (NAVDOC), Rear Admral Habila Zakaria, he said some maritime crimes threaten stability and development of the maritime sector.

Piracy, Illegal, Unregulated and Unreported (IUU) fishing, Crude Oil Theft and other transnational crimes threaten the maritime sector. “Therefore, ensuring safety and security of Nigeria’s maritime domain is critical for success of Blue Economy as well as the well being of Nigerians.
“This can be achieved through collaboration, shared knowledge and integration of technologies that can combat maritime crimes while promoting sustainable economic activities,” he said.

Ogalla noted sustainable use of the vast maritime resources for improved livelihoods and economic growth offers potentials for the Blue Economy.

“This will provide possibilities for Nigeria to diversify, boost foreign exchange earning and create jobs,” he said. Director General of IMION, Rear Adm. Thaddeus Udofia (rtd), said the workshop will raise participants’ compliance with environmental regulations and sustainable practice, as well as enable them contribute to sustainable development of our maritime resources.

▪︎The Nation

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Enugu Air Begins London Gatwick flights From December 10, 2026

The Enugu State-owned airline will use an Airbus A330-200 leased from Portugal-based EuroAtlantic under an Aircraft, Crew, Maintenance and Insurance (ACMI) arrangement.

Published

7 hours ago

November 8, 2026

OCHEFA

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Enugu Air will begin direct flights to London Gatwick on December 10, 2026, with four services weekly.

Tickets are already available for booking.

The Enugu State-owned airline will use an Airbus A330-200 leased from Portugal-based EuroAtlantic under an Aircraft, Crew, Maintenance and Insurance (ACMI) arrangement.

The service is being delivered through a strategic partnership with Omni-Blu Aviation (OBA).

The airline said the service will improve international travel connectivity for passengers departing from Lagos, Enugu and other parts of Nigeria.

Passengers from Enugu will be able to begin their international journey to London from their home airport, Akanu Ibiam International Airport.

The four weekly flights are expected to give travellers greater flexibility between Nigeria and the United Kingdom.

Enugu Air Chief Executive Officer Captain Tolu Ita said: “The commencement of our London Gatwick service reflects our commitment to expanding international connectivity and the vision of His Excellency, Governor Peter Mbah, to connect Enugu to more opportunities across the world.”

He added: “Of particular importance is ensuring that passengers from Enugu can begin their international journey to London from their home airport, Akanu Ibiam International Airport. We are proud to make the journey from Enugu to London Gatwick a reality for our passengers.”

Business

Naira Exchange Rates Thursday, 5 Nov 2026

Published

3 days ago

November 5, 2026

OCHEFA

166 Views

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

4 days ago

November 4, 2026

OCHEFA

211 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.