NNPC eyes fuel import cut, targets 60% local refining 

The Nigerian National Petroleum Corporation (NNPC) has commenced moves to reduce fuel import by boosting the…

PHOTO: Afolabi donates vicarage to St. Mark’s Anglican Church  

  The Group Executive Vice Chairman of Sifax Group, Dr. Taiwo Afolabi, has donated a befitting…

SON arrests two Chinese over importation of fake mobile phones

The Standards Organisation of Nigeria (SON) has arrested two Chinese nationals for importing fake and substandard…

FG sets aside N20bn for export grant arrears

The Federal Government has set aside N20 billion as tax credit to settle part of the…

Court jails maritime firm’s President 14 years

A fifth former senior official of Singapore Technologies Marine (ST Marine) has been sentenced by a…

Trump’s 350-ship Navy could cost U.S. $25bn per year

The U.S. Navy is looking at an average annual cost of nearly $21 billion to reach…

Seme Customs generates N10.5bn in 2016

  The Seme Area Command of the Nigeria Customs Service (NCS) said it generated N10.5billion into…

Iran capitalizes on OPEC oil cut to sell millions of barrels stored at sea

Iran has sold more than 13 million barrels of oil that it had long held on…

Ningbo Zhoushan port inks deal for 20 projects

China’s Ningbo Zhoushan Port (NZP) has entered into a CNY 127 billion (USD 18.3 billion) agreement which…

Samsung Heavy bags US$1.27 bln deal for offshore facility

Samsung Heavy Industries Co., a major shipyard here, said Thursday that it has won a US$1.27…

Canada rules out Arctic drilling extensions for Exxon and BP amid moratorium

The Canadian government says it won’t grant extensions to exploration licenses for Exxon Mobil Corp., BP…

Malaysia containership collision owners to pay $223,565 clean-up bond

Each of the owners of Wan Hai 301 and the APL Denver involved in the collision…