Sanwo-Olu disowns promise to solve Apapa gridlock in 60 days

Lagos State Governor, Babajide Sanwo-Olu, stunned many on Tuesday as he denied a promise he voluntarily…

Navy seizes 80 boats, destroys 50 illegal refineries in Delta

The Nigerian Navy on Tuesday said it destroyed more than 50 illegal refineries at Yeye, Burutu…

Inflation rate hits 11.40% in May

The National Bureau of Statistics (NBS) said the Consumer Price Index (CPI), which measures inflation, increased…

Apapa gridlock: FG extends mandate of presidential taskforce by two weeks

The Federal Government has extended the time given the Presidential Taskforce on Apapa traffic gridlock by…

Buhari asks CBN to blacklist palm oil importers 

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist any firm, its…

Maersk explores Arctic shipping route with Russia

Shipping group A.P. Moller-Maersk said on Friday it is in talks with Russia’s state-owned icebreaker operator…

Danish appeal court increases Lars Moller’s jail sentence to five years

Former OW Bunker executive Lars Moller, blamed for the collapse of the company, has had his…

Insurers, flag-states seek increased security measures for vessels in Straits of Hormuz 

Insurers and flag-states are urging extreme caution and heightened security measures for vessels sailing in the…

U.S. fingers Iran for attacks on fuel tankers in Gulf of Oman 

U.S. Secretary of State Mike Pompeo has accused Iran of instigating the Thursday attacks on two…

World Container Index drops by 1.4%

The composite index decreased 1.4% this week, also, 4.4% down as compared with same period of…

VIDEO: Two ships bombed in UAE 

The Norwegian Maritime Authority (NMA) confirmed that the Marshall Islands-flagged aframax Front Altair was attacked at…

Government to relax ban on vehicle importation through land border 

The Comptroller-General of Customs, Hameed Ali, has hinted of plans by the Federal Government lift the…

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