Business
Stakeholders Relaunch “NIMAREX” Africa’s Biggest Maritime Event
The Federal Government has also been advised to ensure implementation of decisions taken at NIMAREX 2024.
Stakeholders in the Nigerian Maritime industry have brought back their annual conference and exhibition, called Nigeria Maritime Expo Annual International Exhibition and Conference (NIMAREX) .
During the event held on Wednesday at the Radisson Blu Hotel in Lagos, the President , Nigeria Ship Owners Association of Nigeria and converner of Nimarex 2024 , Otunba Sola Adewunmi called for the government /private partnership , synergy and collaboration of all stakeholders to bring back NIMAREX which he described as Africa’s biggest maritime event.
“As we embark on this new chapter, it is crucial that we all recognise NIMAREX as our event — a true umbrella that brings together all maritime associations, fostering unity and cooperation across the entire industry.
This is not just an event . It is an event for every stakeholder in the maritime sector; together, we can make NIMAREX a rallying point where our shared interests are promoted, our challenges are addressed, and our future is shaped .
The Chairman, Ports Consultative Forum, Bolaji Sunmola also urge stakeholders at the meeting to ensure that 2024 Edition of NIMAREX gets the attention and commitment of all stakeholders and is inline with the key objectives of President Tinubu’s Administration on the creation of Marine and Blue Economy Ministry.
Other Participants at the inaugural meeting want NIMAREX 2024 to be a great opportunity to provide a viable structure and framework that will promote business and engineer development in the industry.
Participants at the inaugural meeting called for the set up of various committees amongst stakeholders to organise and ensure the success of the conference .
The Federal Government has also been advised to ensure implementation of decisions taken at NIMAREX 2024.
Effective implementation of decisions taken at NIMAREX stakeholders believe would ensure foreign and local networking, ensure foreign Direct investments and fast track development in the maritime sector.
The inaugural meeting of NIMAREX 2024 was attended by representatives of Ship Owners Association, National inland waterways Authority, Nigeria customs service, Nigeria Shippers council Nigeria ports consultative council, Representatives from the media, seafarers, Nigeria chamber of shipping, Nigeria Association of Master Mariners, Women in maritime of West and Central Africa, Association of Nigeria licensed customs Agents , chartered institute of logistics and Transport and other stakeholders in the maritime industry .
The Malindi Environment and Land Court has declined to issue orders stopping the launch and construction of the planned KSh 2 trillion Dangote Oil Refinery in Lamu County.
In a ruling made public on Monday, 28 September 2026, the court instead directed both parties to maintain the status quo on the disputed land in the Hindi/Manda Magogoni area until the matter is heard on 14 October 2026.
The case was brought by 133 residents of Chandavai. They claim the land is their ancestral heritage, where their families have lived and farmed for generations. The residents say they do not oppose development but want their land rights recognised before the project proceeds.
The court ordered the government and other respondents to file their responses within 14 days. The application is scheduled for hearing on 14 October 2026.
The groundbreaking ceremony for the refinery is expected to go ahead as planned on Wednesday, 30 September 2026. While the court has not halted the ceremony at this stage, the status quo order means activities on the disputed site may be restricted pending the October hearing.
Business
Oil Rises As US Rejects Iran Proposal
Iran said it is waiting for a definitive US response to its seven-day proposal to reopen the strait and other demands, adding that it will not ease its conditions after Trump rejected Tehran’s latest plan.
Brent crude climbed above $106 per barrel on Monday, recovering losses from the previous session after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, raising concerns that the restoration of oil flows through the critical waterway could face further delays.
Trump also said Tehran had overplayed its hand and expects negotiations to resume this week.
Meanwhile, Iran said it is waiting for a definitive US response to its seven-day proposal to reopen the strait and other demands, adding that it will not ease its conditions after Trump rejected Tehran’s latest plan.
Elsewhere in the Middle East, tensions remain high as Saudi Arabia intercepted Houthi drones heading toward Riyadh, along with a missile targeting Khamis Mushait in the south.
Alerts were also issued in Abha and Jazan, where Aramco operates energy facilities.
In the US, Trump is considering a ban on diesel exports as part of efforts to address elevated fuel prices.
Business
NGX Debuts Invest WhatsApp Channel
The channel provides investors with an additional, convenient way to participate in public offers.
Nigerian Exchange Group (NGX Group) has expanded access to its NGX Invest platform with the launch of a WhatsApp subscription channel.
The channel provides investors with an additional, convenient way to participate in public offers.
Investors can begin the subscription process by sending “Invest” to NGX Invest on WhatsApp at +234 812 731 9521.
They can then follow the prompts to view eligible offers and complete the required subscription steps without downloading a separate application.
As part of the process, investors will select a stockbroker through whom their application will be processed, ensuring that brokers remain an integral part of the investment journey.
(VANGUARD)
UPDATE: Malindi Court Declines to Halt Dangote Refinery Launch in Lamu
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