Top quotes of the day

“There is a frightening consensus that if we do not kill corruption as a country, corruption…

Truck kills maritime journalist in Lagos 

A truck yesterday afternoon knocked down and killed a maritime journalist, Segun Agbolade, in the Trinity…

N1.1 billion subsidy fraud: Court adjourns trial of Arisekola’s son, others

An Ikeja High Court on Wednesday adjourned the trial of Opeyemi Ajuyah, a fuel subsidy fraud…

Lawmakers angry over Conoil, Oando N7.6b debt to PPMC

The House of Representatives has identified absence of defined penalties for default payment for products procured…

Nigeria earns $43m from gum arabic export 

The Federal Government has earmarked N263m to boost the production and export of Gum Arabic as…

Maersk Line to divert ships from Algeciras due to strikes

Danish shipping giant Maersk Line has decided to divert vessel calls from the Port of Algeciras…

Wilbur Ross sworn in as U.S. Commerce Secretary 

Billionaire investor Wilbur Ross was sworn in as U.S. commerce secretary on Tuesday after helping shape…

Demand for Iranian crude shipments doubled since sanctions lifted

Foreign demand for Iranian crude has more than doubled since sanctions against Iran were lifted early…

Hyundai Merchant forms alliance with smaller local rivals 

Hyundai Merchant Marine Co., a major South Korean shipping line, and two local shipping firms Tuesday…

America set to export first LNG on behalf of Canada

A year after shipping its first cargo of shale gas overseas, the U.S. is looking to…

Longshoremen call off strike, seek audience with congress

The International Longshoremen’s Association (ILA) urged its members not to stage any strikes as the union…

Bumi Armada hit with $247m impairment on OSV fleet value

Malaysian oil and gas company Bumi Armada was the latest to take a hit from poor…