Figures cited by BusinessDay show that Starzs Investment Company Ltd, a leading Nigerian maritime and logistics firm, is set to significantly expand its operations across the continent. The company’s CEO, Iroghama Ogbeifun, revealed plans to acquire new DP2 AHTS tugboats as part of a fleet renewal strategy to meet the rising demand in Africa’s oil and gas sectors.
Beyond Nigerian waters, the firm is targeting emerging oil hotspots in Namibia, Mozambique, Guinea, and Congo. This expansion is fueled by strategic partnerships and a renewed investment momentum within the Nigerian offshore industry, where Starzs currently operates 11 vessels, including security patrol boats for major international oil companies.
As one of the few privately licensed maritime security firms with a Memorandum of Understanding with the Nigerian Navy, the company’s growth is seen as a boost for indigenous participation in the high-stakes maritime sector. The move is expected to create jobs and enhance Nigeria’s footprint in the global maritime economy.
The expansion was also reported by NANNamed and ThisDay, with ThisDay noting, “Starzs is positioning itself as a Pan-African champion in the maritime space.” The Guardian quoted Ogbeifun saying, “We are investing in response to aging assets and the growing offshore demand across the Gulf of Guinea.”
Echotitbits take: Starzs’ move into Namibia and Mozambique shows that Nigerian indigenous firms are now mature enough to export services. This is a positive sign for the “Blue Economy” policy of the current administration.
Source: DailyByTesng – https://dailybytesng.com/single_news/firm-plans-fleet-expansion-across-africa-as-oil-gas-projects-gain-momentum, February 8, 2026
Photo credit: DailyByTesng
