Enforcing the Cabotage Act within Nigeria’s Territorial Waters
The Coastal and Inland Shipping (Cabotage) Act (the Cabotage Act) was enacted in 2003 and came into force on 1st May 2004. The Cabotage Act is administered by the Nigerian Maritime Administration and Safety Agency (NIMASA), which is the regulatory agency for Nigeria’s maritime industry. The main objectives of the Cabotage Act are to increase indigenous participation in the Nigerian maritime industry, encourage/empower Nigerians to acquire cabotage vessels and increase Nigerian tonnage.
Local Content- Strategies And Partnerships For Developing Successful FPSO Projects In Nigeria
Nigeria has 37 billion barrels of crude oil reserves Offshore accounts for at least 80% of its total production IOC’s rebalancing their portfolios towards the offshore IOC divestments attracting junior players that can attract International equity to develop assets New oil and gas discoveries by UK listed companies - Afren and Lekoil Relative stability of offshore production remains attractive 99 billion will be spent on floating production systems in the next 5 Years Projected spend represents a 138% increase over preceding 5 years
Mergers And Acquisitions In Nigeria: Laws And Procedure
A merger is defined by the Investment and Securities Act of 2007 as any amalgamation of the undertakings or any part of the undertakings or interest of two or more companies or the undertakings or part of the undertakings of one or more companies.
Image Rights: How Can I Control the Use of my Image
Photographs are visual tools; you would agree that you are not likely to believe something exists unless you see it in person, or at least see a photograph of it. Photographers hope to tell a story or convey some level of information or knowledge to the public.