Custom seizes rice worth N598bn in eight months

The Nigeria Customs Service (NCS) said it seized rice worth N597.7 billion brought into the country…

Militants group mocks Nigerian military, claims responsibility for fresh pipeline attack 

A militant group known as the Niger Delta Greenland Justice Mandate (NDGJM) has blown up a…

Osinbajo blames recession on Niger Delta militancy

Vice President Yemi Osinbajo on Monday blamed the current economic recession in the country on the…

NNPC moves to create incentives for investors in gas value chain

The Nigerian National Petroleum Corporation (NNPC) has started the process of creating incentives for investors across…

Dangote says oil discovery in Lagos is a good omen 

The recent discovery of oil in Lagos in commercial quantity has been described as a good…

Australia awards Port of Melbourne’s 50-year lease 

The commercial operation of Australia’s Port of Melbourne has been leased for more than AUD 9.7 billion (USD 7.3…

S&P cuts Nigeria ratings as low oil output plagues economy

Standard & Poor’s Global Ratings has further downgraded Nigeria’s sovereign credit rating to ‘B’, five levels…

Reckless piloting, overcrowding blamed for fatal Thai boat accident 

An overcrowded tourist boat carrying Muslim pilgrims was being piloted recklessly before it capsized, killing at…

DP World London Gateway adds new shipping service

CMA CGM’s North European Mediterranean Oceania (NEMO) and Hapag Lloyd’s Europe, Australia Express (EAX) combined service…

Maersk Supply Service employs 10 vessels on subsea decommissioning contract

Maersk Supply Service (MSS) is to deploy 10 offshore vessels on a subsea decommissioning contract in…

Court advises Hanjin to return all chartered ships to owners 

Hanjin Shipping Co., the South Korean container line that sought bankruptcy protection last month, received a…

Canadian oil firm buys into oil-prone block offshore Nigeria

Canadian Oil firm, COPL has acquired 80% of the share capital of Essar Exploration and Production…