Baltic Dry Index reaches new 2016 high

The Baltic Dry Index (BDI) jumped by 26 points and reached 1,257 points on November 18, marking…

India eyes development of new ports   

India is looking to develop a number of new and small ports for commercial shipping transportation,…

What do you think of the operation of tank farms?

An oil depot or oil terminal sometimes called a tank farm is an industrial facility for the storage…

Should Amaechi resign as Transport Minister?

Considering the various controversies and allegations dogging the path of Rotimi Amaechi, should he resign as…

Free trade zones and viability theory

In 1991 the federal government established the Export Processing Zone Act, and established the Calabar site.…

Nigerian executed in Singapore

Chijioke Obioha, a 38-year-old Nigerian, has been executed in Singapore after being found guilty of drug…

CMA CGM stays in red, pays back NOL takeover loan

  CMA CGM, the world’s third-largest container shipping company, posted on Friday another net loss in…

11 ships discharging petroleum products in Lagos

Eleven ships are currently discharging petroleum products and other commodities at Apapa and Tin-Can Island ports…

1.2m metric tonnes of poultry products smuggled into Nigeria annually

The Poultry Association of Nigeria (PAN) has given 1.2million metric tons as the estimated volume of…

Tanker explosion kills 73  

At least 73 people were killed and 110 others injured Thursday when a truck carrying petrol…

Navy hands over suspected militants’ paramedic to DSS

The Nigerian Navy has arrested one Augustine Effiong, a suspect who specialises in providing medical services…

Manufacturers lost N500bn to flexible foreign exchange policy — MAN

The Manufacturers Association of Nigeria (MAN) on Thursday said Central Bank of Nigeria’s flexible exchange rate…