Transocean to buy Norwegian rig firm Songa Offshore for $1.1bn

Transocean, one of the world’s biggest drilling rig operators, has agreed to buy Norwegian competitor Songa…

PHOTOS: Thugs attack #ResumeOrResign protesters in Abuja

The Concerned Nigerians group protesting for the resumption or resignation of President Muhammadu Buhari have been…

Media trial of companies hurts investment, LCCI tells lawmakers  

The Lagos Chamber of Commerce and Industry (LCCI) has advised the National Assembly to apply greater…

Customs seek forfeiture of N50m imported goods

The Nigeria Customs Service (NCS) Board has applied to the Federal High Court in Lagos, seeking…

OPEC scribe visits Buhari in London

Organisation for Petroleum Exporting Countries (OPEC) Secretary General, Mohammad Sanusi Barkindo, has visited Nigerian President Muhammadu…

Jonathan left crumbled economy – Presidency

The Presidency on Monday replied former President Goodluck Jonathan over the state of the Nigerian economy at the…

Osinbajo says Niger State can feed Africa, speaks on Baro port 

The Acting President Yemi Osinbajo says that Niger State has the capacity to produce assorted food…

Shell remits $31bn to federation account, NDDC in 14 years 

Shell Petroleum Development Company (SPDC) remitted 29.8 billion dollars to the federation account and 1.2 billion…

NDLEA arrests Chadian with 186kg of illicit drugs

The National Drugs Law Enforcement Agency (NDLEA) has arrested one Adamu Muhammed, a Chadian, with illicit…

Petrol Minister Ibe Kachikwu denies interest in Delta politics 

Minister of State for Petroleum Resources Dr Ibe Kachikwu, Monday, dissociated himself from politics in Delta…

Containership runs aground, blocks Antwerp port 

Shipping traffic to and from the port of Antwerp was suspended Monday after a large containership…

Maersk CEO: Five or six container carriers to survive consolidation

Further consolidation in the container shipping market seems to be imminent and is likely to result…