In
a move to consolidate its foothold on the shipping business in Nigeria
and boost profitability, Nigerian National Petroleum Corporation (NNPC)
has unveiled
plans to set up a subsidiary to provide bunkering services to ships and
other ocean-going vessels.
a move to consolidate its foothold on the shipping business in Nigeria
and boost profitability, Nigerian National Petroleum Corporation (NNPC)
has unveiled
plans to set up a subsidiary to provide bunkering services to ships and
other ocean-going vessels.
Mr
Ndu Ughamadu, Spokesman of NNPC, quoted the Group General Manager, NNPC
Shipping, Mrs. Aisha Katagum, as unveiling the plan in the
corporation’s in-house
journal.
Ndu Ughamadu, Spokesman of NNPC, quoted the Group General Manager, NNPC
Shipping, Mrs. Aisha Katagum, as unveiling the plan in the
corporation’s in-house
journal.
“Actually, the NNPC Group Managing Director (GMD) is also very keen on that.
“He
has directed the Corporate Planning and Strategy (CP&S) Division to
come up with a business model for us to see how it could operate.”
has directed the Corporate Planning and Strategy (CP&S) Division to
come up with a business model for us to see how it could operate.”
According
to her, the bunkering subsidiary is most likely going to be an
incorporated company like Nidas, a subsidiary under NNPC Shippping
Division.
to her, the bunkering subsidiary is most likely going to be an
incorporated company like Nidas, a subsidiary under NNPC Shippping
Division.
She added that the proposed company would likely be domiciled in the NNPC Shipping Division too.
“I’m
sure it’s going to be a big business because we have so many vessels
that come into the West African Coast. This year alone, over 120 vessels
have brought
imports for us.” She said
sure it’s going to be a big business because we have so many vessels
that come into the West African Coast. This year alone, over 120 vessels
have brought
imports for us.” She said
Nikorma and Marine Logistics are two other downstream subsidiaries under the NNPC Shipping Division.
While
Nikorma engages in shipping and transportation of energy products,
Marine Logistics on the other hand, provides logistic services to the
crude and petroleum
products and gas sub-sector.
Nikorma engages in shipping and transportation of energy products,
Marine Logistics on the other hand, provides logistic services to the
crude and petroleum
products and gas sub-sector.
The
Marine Logistics have the mandate to effect demurrage reduction and
ensure safe and efficient coastal distribution of petroleum products.
Marine Logistics have the mandate to effect demurrage reduction and
ensure safe and efficient coastal distribution of petroleum products.
She
is expected in Nairobi on Thursday, where she will meet President Uhuru
Kenyatta and see British soldiers from Kenya and other African
countries on the techniques
needed to identify and destroy improvised explosive devices before they
go to fight Al-Shabaab in Somalia.
is expected in Nairobi on Thursday, where she will meet President Uhuru
Kenyatta and see British soldiers from Kenya and other African
countries on the techniques
needed to identify and destroy improvised explosive devices before they
go to fight Al-Shabaab in Somalia.
The
prime minister is on a trade mission in an attempt to bolster Britain’s
post-Brexit fortunes. This is her first visit to sub-Saharan Africa
since she became
prime minister in 2016.
prime minister is on a trade mission in an attempt to bolster Britain’s
post-Brexit fortunes. This is her first visit to sub-Saharan Africa
since she became
prime minister in 2016.
She
is accompanied by a 30-member business delegation as part of her
efforts to “deepen and strengthen” partnerships around the world as the
UK prepares to leave
the European Union next year.
is accompanied by a 30-member business delegation as part of her
efforts to “deepen and strengthen” partnerships around the world as the
UK prepares to leave
the European Union next year.
