Category: News

Buhari signs anti-monopoly law

Buhari signs new minimum wage bill

President Muhammadu Buhari has signed the new minimum wage bill. The bill, which has now become a law, will usher in a new pay structure for Nigerian workers. The...

Investigators raid Damen headquarters amid bribery scandal 

Damen records $19.1m loss for 2018

Damen Shipyards Group has recorded a net loss of USD19.1 million in 2018. This is the first time that the shipbuilder has posted losses in 15 years. The full-year result...

ABS, CINS to jointly reduce dangerous goods stowage risks

ABS, CINS to jointly reduce dangerous goods stowage risks

Technology company ABS and Cargo Incident Notification System (CINS) representatives will be working together to set out guidelines for practices that would help reduce...

Alphaliner raises fresh hopes for container shipping recovery 

Iran, Oman to launch new shipping line by late April

Iran and Oman are set to add a new direct shipping route between their ports in the Persian Gulf in a move to help boost economic interactions between the two countries,...

Junction Rain: U.S., Nigerian navies intercept 100 ships

Junction Rain: U.S., Nigerian navies intercept 100 ships

The Nigerian Navy with its United States counterparts have intercepted 100 vessels out of which 40 were boarded and 19 suspects arrested in a joint operated tagged...

Captured Ukrainian sailors moved to Moscow prisons

Ukraine appeals detention of vessels, 24 sailors by Russia

Ukraine has submitted an appeal to the International Tribunal for the Law of the Sea (ITLOS) requesting Russia’s release of three detained Ukrainian Navy vessels...

Panama Canal sets new tonnage record

Panama Canal to welcome its biggest ever containership in May

The Panama Canal is set to welcome its biggest ever containership mid-May, according to Alphaliner. Taiwan’s Evergreen would assign the maxi-Neopanamax Triton, a...

Chinese firm signs contract to build $135m port in Bulgaria

Chinese firm signs contract to build $135m port in Bulgaria

China Machinery Engineering Corporation (CMEC) has signed a $135.5 million Bulgaria port project construction contract with Logistic Center Varna EAD to jointly...

FG approves $20m loan for Lagos transport plan

FG approves $20m loan for Lagos transport plan

The Federal Executive Council (FEC) has approved the loan of $20 million for Lagos State strategic transportation plan. The sum is part of the total $247 million loan...

How seafarers battle loneliness at sea

How seafarers battle loneliness at sea

Loneliness is a feeling of depression resulting from being alone. It is known for its negative effect on both the physical and mental health of a person, which leads to...

Buhari: Why Nigeria, other developing countries are no longer powerful in OPEC

Buhari asks Ministers to give account of stewardship

President Muhammadu Buhari has asked for a comprehensive “status reports on policies, programmes and projects” from ministers on their ministries, departments and...

Former Attorney General and Minister of Justice, Mohammed Bello Adoke

$2.1bn Malabu oil deal: Court orders arrest of Adoke, Etete, four others

The High Court of the Federal Capital Territory, Abuja has ordered the arrest of former Attorney-General of the Federation, Mohammed Adoke, a former Minister of...