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Nigerian Maritime Women form new Association; Canvasses Equity, Digital Innovations

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Nigerian Maritime Women form new Association; Canvasses Equity, Digital Innovations

Four maritime women associations which jointly organized a summit where they canvassed for gender parity in the maritime sector and encouraged more women’s contributions to technological advancement in the digital space have agreed to form a single association to advance their cause.

The four associations are: Women’s International Shipping and Trading Association (WISTA) Nigeria, African Women in Maritime (WIMA) Nigerian chapter, Women in Maritime of West and Central Africa (WIMOWCA), Nigerian chapter and Female Seafarers Association of Nigeria (FESAN).

The summit, which was part of activities to mark the 2023 International Women’s Day (IWD), was anchored on the IWD 2023 theme; ‘Digital Innovation and Technology for Gender Equality’.


Speaking at the event, the WISTA-Nigeria President, Mrs. Eunice Ezeoke noted that as separate groups their impact have been fragmented while they have also been unable to get requisite support from the federal government in attending crucial regional and international conferences.

Her words: “One of the high points for the collaboration was the inability to get financial support especially in attending international conferences. It is at global meetings that we can network with other women and major global operators. When one intends to contest for regional or international positions, one would need to know women in maritime in other countries to get their buy-in. The federal government hasn’t been giving us the support to attend international conferences.”

“We explained this to the Permanent Secretary of the Transport Ministry, Dr. (Mrs.) Magdalene Ajani at a recent meeting and it was at that point she informed us that there has been no budgetary provision for women at the Ministry for some years. She encouraged us to start sourcing funds. We, however, have examples of other African countries where the women were backed fully for these activities.”

Stressing that government support mustn’t always be financial support, Ezeoke stated that there could be a sort of moral support by recognizing women groups among stakeholders such that shipping companies, terminal operators, NLNG, and oil firms are inclined to take up the financial support to enable women achieve the advocacy dreams.

In her own submission, the President of WIMOWCA Nigeria, Mrs Oritsematosan Edodo-Emore opined that the removal of women budgetary provisions from the Transport Ministry underscored the Importance of getting more women into key leadership positions where such decisions are taken.

Edodo-Emore, who is also Chairman, Zoe Maritime Resources Limited, expressed delight at the utilizing of technology to address the challenges of artisanal fishers who get better fees for their products and are better equipped to preserve them on account of several innovations.

“With this partnership, women are better placed to access funding for women’s education and training. We are all excited and we believe that we are set to begin reaping the benefits of this partnership. As regards fishing, it’s important that we bring technology into the fishing industry.

“The process of catching the fishes, preservation, storage, among other processes have evolved with technology. We need to sensitize and equip the industry, especially artisanal fishers,” she said.

Speaking, Mrs Rollens Macfoy, President of WIMA Nigeria, said that success has no gender even as she encouraged women to seek to be the best at what they do such that it becomes difficult to be marginalized.

“When you strive to bring out your value and worth by your doggedness, innovation, skills and humility; at this point, if you’re being marginalized there is something to shout and fight about. Nevertheless, a lot of organizations have an unwritten law or position that prevented women from rising to Directors or head of the agency. At such organizations, we have observed that gradually women have been emerging as Directors, heads of units and sometimes head of the agency. It is a gradual process and it will keep getting better,” Macfoy said.

She was optimistic that with the Women in Maritime Network operating, by the end of the year, women will make strides like the force of gravity as more women will also be given a voice and attention.

A cadet under the Nigerian Seafarers Development Programme (NSDP), Ms Peace Moulders, said that innovation and technology would play a critical role in addressing the world challenges from climate change to healthcare and others.

Moulders, however, stressed that it is not enough to simply wait for the technology to emerge, advising women to actively embrace and promote them to drive positive change.

“A call for action for individuals and organisations is to foster a culture of innovation by encouraging risk-taking, investing in research and development, promoting ethical considerations and advocating for policy changes. Government and organisation should remove barriers to innovation because by embracing them there would be a better future for the girls, and communities,” she said.

Other participants at the event are the Director General, Nigerian Chamber of Shipping (NCS), Mrs. Vivian Chimezie-Azubuike; Head of Nigerian Ship Registry at NIMASA, Mrs. Nneka Obianyor; Treasurer, WISTA Nigeria and Deputy Director, Revenue at NIMASA, Dr. (Mrs) Odunayo Ani; among others.

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Super Eagles beat hosts Guinea Bissau, to reclaim Group ‘A’ leadership

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Super Eagles beat hosts Guinea Bissau, to reclaim Group 'A' leadership

The Super Eagles on Monday in Bissau beat hosts Guinea Bissau 1-0 to reclaim leadership of Group A in the 2023 Africa Cup of Nations (AFCON) qualifiers.

Moses Simon’s penalty kick after 29 minutes gave the Nigerian senior men’s football team the needed win to move to nine points after four matches.

They have now upstaged from the apex position Guinea Bissau who toppled them on Friday in Abuja with a 1-0 win.

Guinea Bissau is with seven points from four matches and in second place, ahead of Sierra Leone who has five points from four matches.

Nigeria is expected to now face the Leone Stars of Sierra Leone in a Match Day 5 fixture.

 Details later  

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Banking & Finance

NGX: Investors Lose N622bn, as NCR Nigeria, Unity Bank lead Losers’ chart

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NGX: Investors Lose N622bn, as NCR Nigeria, Unity Bank lead Losers’ chart

The domestic stock market on Nigeria Exchange Ltd. (NGX) continued on a negative note as the market capitalisation on Monday dropped by N622 billion amid sustained profit-taking activities.

Accordingly, investors lost N622 billion in value as market capitalisation declined to  N29.281 trillion from N29.903 trillion recorded at the previous session.

The All-Share Index (ASI) fell by 1,141.76 points, representing a decline of 2.08 percent, to close at 53,750.77 points as against the 54,892.53 posted on Friday.

Consequently, the ASI’s year-to-date (YTD) return fell to 4.88 percent.

The downturn was impacted by losses recorded in large and medium capitalised stocks, amongst which are; Airtel Africa, Seplat Energy, MTN Nigeria Communications (MTNN), Nigerian Breweries and Lafarge Africa.

“We expect risk-on sentiments to be sustained in the equities markets even as the depressed interest rate environment will continue to favour the local bourse in line with our expectations for Q1, 2023.

“Taking positions in stocks with solid valuations and dividend yields ahead of the dividend-paying season remains the choice strategy.

“However, we see room for extended profit-taking activities,” Analysts at United Capital Plc said.

The market breadth was negative as 21 stocks lost relative to five gainers.

Courteville Business Solutions recorded the highest price gain of 6.67 percent to close at 48k per share.

NPF Microfinance Bank followed with a gain of 2.7 percent to close at N1.90 and AIICO Insurance up by 1.75 percent to close at 58k per share.

FBN Holdings (FBNH) rose by 0.92 percent to close at N11, while Zenith Bank gained 0. 2 percent to close at N25 per share.

Conversely, NCR Nigeria led the losers’ chart by 9.79 percent to close at N2.12, per share.

Unity Bank followed with a decline of 9.43 percent to close at 48k, while Prestige Assurance declined by 8.89 percent to close at 41k, per share.

SUNU Assurance declined 8.33 percent to close at 44k, while Multiverse Mining and Exploration and Airtel Africa shed 8.31 percent each to close at N2.98 and N1,420 respectively per share.

Also, the total volume traded decreased by 26.66 percent to 100.883 million units, valued at N4.342 billion and exchanged in 3,279 deals.

Transactions in the shares of Guaranty Trust Holding Company (GTCO) topped the activity chart with 12.836 million shares valued at N318.513 million.

Zenith Bank followed with 11.920 million shares worth N297.982 million, while United Bank for Africa (UBA) traded 10.038 million shares valued at N80.242 million.

MTNN traded 8.264 million shares valued at N1.927 billion, while FBNH transacted 7.719 million shares worth N84.577.

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MARITIME SAFETY: NIMASA, NCC Close Ranks On Submarine Cable Regulation In Nigeria

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MARITIME SAFETY: NIMASA, NCC Close Ranks On Submarine Cable Regulation In Nigeria

…Jamoh reiterates  commitment to Ease of Doing Business 

The Nigerian Maritime Administration and Safety Agency, NIMASA, and the Nigerian Communications Commission (NCC) have agreed to work closely with relevant stakeholders as the Agency inches closer to developing a regulatory framework to provide operational guidelines for Submarine Cable and Pipeline Operators in Nigeria. 

Officials of both organs of Government in Lagos reached this agreement at a pre Audit meeting on submarine cable regulation.

The Director General of NIMASA Dr. Bashir Jamoh, OFR, who chaired the meeting, which also had the Director General of Bureau of Public Service Reforms (BPSR) Mr. Dasuki Arabi in attendance, noted that the Agency is committed to the Ease of doing Business while implementing International Conventions which Nigeria has ratified and domesticated. 

He noted that with Nigeria now a destination for global communication players, the time has come to prevent unregulated underwater cable laying, which might become hazardous to shipping.

According to him, “It is worthy to note that marine cable laying has been ongoing for over two decades in Nigerian waters. Our focus is to ensure safety of navigation of shipping in Nigerian waters with all these underwater cables being laid.

NIMASA is actually developing the guidelines to regulate submarine cable operators in line with the provisions of the United Nations Convention on the Law of the Sea, UNCLOS; which we have ratified and NIMASA is the Agency of Government in Nigeria responsible for its implementation. We do not just implement laws; we consult. Where the responsibility of an Agency stops, that is where the responsibilities of another Agency start. Collaboration is a key component of ease of doing business in the best interest of the country and we will work closely with the NCC to achieve this”.

On his part, the Executive Vice Chairman of the NCC, Professor Umar Garba Danbatta who was represented by the Director, Compliance Monitoring and Enforcement, Efosa Idehen noted that the stakeholders’ dialogue strategy adopted by NIMASA in developing the guidelines would ensure a win-win situation urging NIMASA management to include the Ministry of Justice, a request NIMASA DG immediately granted.

Also speaking at the meeting was the Director General of the Bureau of Public Service Reforms Mr. Dasuki Arabi, who commended NIMASA and NCC for adopting effective Inter-Agency collaboration to avert a potential challenge for the country in the future.

NIMASA had notified submarine and cable operators in Nigeria of a soon-to-be-implemented regulatory guideline for submarine cables and pipelines in Nigeria, in line with the provisions of UNCLOS. NIMASA and the NCC agreed to identify and resolve areas of likely regulatory overlaps, ensuring a regulatory framework based on consultation to engender the attainment of Nigeria’s digital economy transformation.

Officials of the Federal Ministry of Environment and representatives of Submarine Cable operators in Nigeria were also at the meeting.

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