Nigeria to Build Seaports to Ease Gridlock on Lagos’s Shore

By Solape Renner and Anthony Osae-Brown (Bloomberg) -- Nigeria is building a new deep-sea port and considering two additional facilities to ease congestion in the main harbors of the commercial capital, Lagos, which currently handle about 80 percent of all shipping traffic in Africa‚Äôs biggest oil producer. A new facility is already under construction in the Lekki Free Trade … [Read more...]

Nigeria Needs $12 Billion to Avoid Missing the LNG Boat

By Paul Wallace, Paul Burkhardt and Elisha Bala-Gbogbo (Bloomberg) -- On a tropical island just off the coast of Nigeria, hundreds of engineers work around the clock to produce liquefied natural gas at a plant the size of Lower Manhattan. Operator Nigeria LNG Ltd. says it will decide later this year whether to invest more than $10 billion to boost capacity by 40 … [Read more...]

Nigeria’s Thirst for Gasoline Draws Rare Suezmax Cargo to West Africa

By Libby George and Ahmad Ghaddar LONDON, Feb 7 (Reuters) - Nigeria's push to keep its citizens stocked with fuel is drawing close to a million tonnes a month of gasoline from Europe - including now on a rare Suezmax vessel booked by Vitol. The country is working overtime to replenish its tanks after shortages and queues popped up across the nation of more than 180 … [Read more...]

Seven Chinese Vessels Detained Off West Africa for Illegal Fishing

By Emma Farge DAKAR, May 2 (Reuters) - Authorities in West Africa have detained eight seven Chinese vessels for fishing illegally and the boat owners could be subject to millions of dollars in fines, officials at environmental group Greenpeace said. Inspectors from Guinea, Sierra Leone and Guinea-Bissau boarded the ships off their respective coasts. They found them … [Read more...]

Pirates Kidnap 8 Crew from BBC Caribbean Off Nigeria

LAGOS, Feb 8 (Reuters) - Pirates have kidnapped seven Russians and one Ukrainian after attacking the cargo ship the BBC Caribbean off the coast of Nigeria, the Russian embassy said on its official Twitter account. The embassy has asked Nigerian authorities to assist in locating the abducted people, it said late on Tuesday. The Nigerian navy and police were not immediately … [Read more...]