Top quotes of the day

“Fiscal, monetary and trade policies will be aligned to stimulate the economy and support growth while…

Forex restriction on 41 items stays, CBN insists 

The Central bank of Nigeria (CBN) has clarified its new policy action, which lifted a ban…

Senate passes law to establish Maritime University

The Senate has passed the bill for the establishment of Nigerian Maritime University in Delta State,…

Senate uncovers more leakages in Customs 

The Senate on Thursday expanded its panel currently investigating alleged N30 trillion revenue leakage in the Nigeria Customs…

58 seafarers kidnapped in Nigeria, others 

Pirates and armed robbers attacked 43 ships and captured 58 seafarers in the first quarter of…

Buhari approves $186million to combat criminalities on waterways

President Muhammadu Buhari has approved $186million to combat and stem the cycle of criminalities on the…

Nigeria village sues Eni for damages from pipe explosion – lawyer

A Nigerian village has filed a lawsuit in Milan against Italian oil company Eni demanding compensation…

Nigeria loses N780bn to oil theft daily

Nigeria is losing about N780 billion daily to the illegal activities of oil thieves in the…

Crane accident: Authorities raid Samsung Heavy Industry’s offices 

South Korean police officials have raided a number of Samsung Heavy Industries’ offices in the aftermath of a…

Bourbon revenues continue falling Q1 despite firmer oil price 

Revenues continued to decline for offshore vessels owner Bourbon in Q1 this year down 7.7% on…

Daewoo Shipbuilding to sell affiliate Samwoo Heavy Industry

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) is seeking to sell its subsidiary Samwoo Heavy…

Shipping company slams ITF over wages, repatriation claim 

Antwerp-based shipping company Seatrade Reefer Chartering has denied the allegations that it was withholding wages of the crew…