NIDAS Shipping Services, a subsidiary of state-owned Nigerian National Petroleum Corporation (NNPC), has revitalised its charter operation in London after a seven-year hiatus.
The chartering and operation desk of NIDAS is expected to be responsible for fixing tankers to ship crude from Nigeria as well as petroleum products into the country for NNPC.
“NIDAS’s re-entry is in tandem with the ongoing strategic re-engineering of some NNPC subsidiaries to ensure multiple income streams and value addition to the corporation,” said Ndu Ughamadu, general manager of NNPC’s public affairs division.
