Esther Komolafe

The Nigerian Maritime Administration and Safety Agency (NIMASA) has confirmed that the Cabotage Vessel Financing Fund (CVFF) will be disbursed with a single-digit interest rate, a two-year moratorium, and an eight-year tenure. The agency's Director General, Dr. Dayo Mobereola, made the announcement at a one-day interactive forum with stakeholders. Key Highlights: Single-Digit Interest Rate*: The CVFF will attract a single-digit interest rate, making it more accessible to indigenous shipowners. Moratorium and Tenure*: A two-year moratorium and an eight-year tenure will give beneficiaries ample time to repay the loan. Collaboration with PLIs*: NIMASA is working with 12 Primary Lending Institutions to…

Tantita Security Services Nigeria Limited has made a significant impact at the prestigious Offshore Technology Conference (OTC) in Houston, Texas, showcasing the vast and untapped global opportunities available to Nigerian companies. The company's Executive Director, Operations and Technical, Captain Warredi Enisuoh, described the experience as "challenging but eye-opening," revealing the immense potential for indigenous Nigerian solutions on the global stage. Key Highlights: Global Recognition*: Tantita's innovations in tackling oil theft, maritime patrol, airborne surveillance, and fisheries management drew significant attention from global stakeholders. International Interest*: Several international delegates expressed interest in bringing Tantita's solutions to their own countries, highlighting the…

The President of the Ijaw Youth Council, Jonathan Lokpobiri, has praised Tantita Security Nigeria Limited for its impressive strides at the ongoing Offshore Technology Conference (OTC) in the United States. Lokpobiti visited the Tantita Security stand at the event and commended the company's capabilities, urging them to expand their services globally. Key Highlights: Global Expansion*: Lokpobiri believes Tantita Security should extend its services beyond Nigeria, citing its expertise in securing oil pipelines and facilities. Impressive Capabilities*: He expressed confidence in the company's ability to deliver, citing its success in increasing Nigeria's oil production through effective monitoring and policing. nternational Recognition*:…

The Nigeria Customs Service (NCS) has made a significant seizure of contraband goods worth N921 billion in the first quarter of 2025, comprising 11 seizures of unregistered pharmaceutical products, expired food items, and controlled technology. The Comptroller General of NCS, Adewale Adeniyi, warned that importers are diversifying their contraband portfolios, combining pharmaceuticals, food items, and controlled technology in systematic shipments. Key Highlights: Seizure Details*: The seizures include five units of 40-foot containers, two units of 20-foot containers, and four additional seizures of loosely concealed contraband items. Diversification Tactics*: Adeniyi noted that importers are adopting sophisticated tactics, including strategic country of…

Nigeria has taken a significant step towards promoting the welfare and rights of seafarers by endorsing amendments to eight codes of the Maritime Labour Convention (MLC) 2006. The amendments focus on protecting seafarers against discrimination, identifying them as key workers, enhancing access to shore-based welfare, and addressing shipboard violence, harassment, and bullying. Key Highlights: Seafarers' Welfare*: The Nigerian government has reaffirmed its commitment to ensuring decent working and living conditions for seafarers, in line with International Labour Organisation (ILO) standards. Maritime Labour Standards*: The endorsement demonstrates Nigeria's dedication to fostering dialogue on maritime labour standards and promoting fair labour practices.…

Tantita Security Services Nigeria Limited (TSSNL) has been confirmed as the official sponsor of the 2025 Offshore Technology Conference (OTC) scheduled to hold in Houston, Texas, from May 5-8, 2025. This prestigious conference brings together industry leaders and experts to share knowledge, innovations, and best practices in offshore energy development. Key Highlights: Global Recognition*: OTC is a renowned conference that attracts professionals from over 100 countries, showcasing cutting-edge technologies and innovations in the offshore energy sector. Tantita's Expertise*: TSSNL's sponsorship deal is a testament to its capabilities and commitment to delivering exceptional security services in the energy industry. Networking Opportunities*:…

The Nigerian Ports Consultative Council (NPCC) is set to forge a strategic partnership with the London Ports Consultative Council to enhance efficiency at Nigerian seaports. NPCC Chairman, Mr. Bolaji Sunmola, disclosed this at the quarterly meeting in Lagos, which also featured the inauguration of the NPCC pioneer Board of Trustees (BOT). Key Highlights: Strategic Partnership*: A delegation of NPCC will travel to London to explore and exchange ideas to reform and reposition Nigeria's maritime sector. Digitalization*: The event's theme, "Digital Information and Data Management for Sustainable Marine and Blue Economy," highlights the importance of technology-driven frameworks in harnessing the nation's…

The House of Representatives Committee on Maritime Safety, Education and Administration has pledged to overhaul Nigeria's outdated maritime laws to promote indigenous vessel ownership and support the growth of the local shipping industry. During an oversight visit to the Nigerian Maritime Resource Development Centre (NMRDC), the Committee's Deputy Chairman, Hon. Uduak Odudoh, highlighted the dismal level of indigenous vessel ownership, with less than 5% of ships operating within NIMASA's regulatory oversight owned by Nigerians. Key Takeaways: Outdated Laws*: The Committee acknowledged concerns about the outdated state of existing maritime laws and assured stakeholders of a review and modernization to reflect…

The Murtala Muhammed Area Command (MMAC) of the Nigeria Customs Service (NCS) has recorded a revenue growth of 0.61% in the first quarter of 2025, generating ₦45.77 billion. This achievement is attributed to improved compliance among stakeholders, strict enforcement of trade regulations, and proactive efforts to block revenue leakages. Key Highlights: Revenue Growth*: The Command's revenue increased by 0.61% compared to the same period in 2024, driven by enhanced stakeholder compliance and timely interventions to seal identified loopholes. Anti-Smuggling Operations*: MMAC made notable seizures worth over ₦132.46 million, including prohibited narcotics and contraband goods. Collaboration and Stakeholder Relations*: The Command's…

The Nigerian Maritime Administration and Safety Agency (NIMASA) has reason to celebrate as its spokesman, Edward Osagie, has emerged as the most outstanding spokesperson in the Marine and Blue Economy sector at the 2025 National Spokespersons’ Awards (NSAwards) held in Abuja. A Stellar Achievement Osagie’s win is a testament to his exceptional communication skills and dedication to promoting the agency's image. He was a finalist in three categories, including Spokesperson of the Year, Outstanding Spokesperson (Crisis Management – Public Sector), and Marine and Blue Economy Sector. Competition and Winners The awards ceremony recognized 62 finalists across 21 competitive categories. Other…