Consultation ongoing on $30bn loan – Presidency

The Presidency on Wednesday said top-level consultation had been initiated between the Executive and Legislative arms…

NEITI: NNPC lost N418.97 billion in 21 months

The group operations of the Nigerian National Petroleum Corporation (NNPC) recorded a cumulative loss of N411.1…

$60m cocaine seized off Tasmania

Ten men have been charged and 186 kilograms of cocaine worth seized from a 50-meter commercial…

US, Canada to phase out heavy fuel oil in Arctic

The United States and Canada are moving closer to phase out the use of heavy fuel oil…

Hanjin Shipping to sell Long Beach terminal stake to MSC

Bankrupt Hanjin Shipping is selling its 54% stake in a Long Beach container terminal to the…

Shipping faces threat from EU unilateral levy on carbon emissions

The shipping industry faces the threat of paying a levy to the European Union on its…

Traffic resumes after bulker grounds in Bosphorus

The 52,980 dwt bulk carrier Star Harmony ran aground in the Bosphorus Strait in the area of…

Oil optimism back as Norway predicts bottom is behind us

The man overseeing energy policy in western Europe’s biggest oil-producing nation says the worst downturn in…

Recession claims 6,000 jobs in maritime sector 

The maritime sector has lost 6,000 jobs to economic recession in addition to closure of many…

Customs intercept 102 bags of ‘plastic rice’ 

The Federal Operations Unit, Ikeja, of the Nigeria Customs Service has intercepted 102 bags of plastic…

NLC threatens nationwide strike if N56,000 minimum wage is not implemented

The Nigeria Labour Congress (NLC) has threatened a nationwide strike from 1st May 2017 if the Federal…

Labour suspends showdown with Arik

Aviation unions have called off their industrial action against Arik Air following the intervention of the…