Nigeria spends N6bn annually to import tomato 

About N6 billion is currently expended annually in foreign exchange on tomato imports, says Director General…

Investment inflow into Nigeria rises by 95% to $1.7bn –NBS

The National Bureau of Statistics (NBS) on Tuesday released the capital importation report, stating that investment…

Adeosun appointed ECOWAS Bank chair

The Minister of Finance, Kemi Adeosun, on Tuesday emerged the Chairperson, Board of Governors of the…

Robbers board ship off Indonesia, threaten seafarer

Two robbers have boarded a bulk carrier and entered its steering gear room while the ship was underway…

U.S. navy is a hazard to shipping, says China 

The U.S. navy’s latest collision at sea, the fourth in its Pacific fleet this year, shows…

Global container volumes on the rise 

During the first six months of this year, the global container port throughput rose by 6.7…

U.S. divers find remains in hull of damaged destroyer

U.S. Navy and Marine Corps divers on Tuesday found some human remains inside sections of a…

1,300 seafarers abandoned in five years

Over the last five years, 12 to 19 crew abandonment incidents were reported annually and 1,013…

Oil prices rise on signs of gradually tightening market

Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the…

Top quotes of the day

“We realised that fish import is no more sustainable and what we did was to encourage…

Court orders forfeiture of 500 vessels, others used for stealing oil 

A Federal High Court sitting in Abuja has ordered the interim forfeiture of about 500 vessels,…

NCAA downgrades First Nation Airways from schedule to charter

The Nigerian Civil Aviation Authority (NCAA) on Monday downgraded the operations of First Nation Airways, one…