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…

PENGASSAN decries mass sacking of Exxon Mobil staff

The Akwa Ibom Branch of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have…

Forex: Buhari happy with market stability-Emefiele

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has briefed President Muhammadu Buhari…

Nigeria to export $100bn pigeon pea to India

The National Agricultural Quarantine Service (NAQS) says Nigeria has secured an offer from the Indian government…

Modular refineries will make Niger Delta hub of oil business – Boroh

The Coordinator, Presidential Amnesty Programme, Retired Brig.-Gen. Paul Boroh, says the Niger Delta region will soon…

Senate postpones 2017 budget report presentation

The Senate, on Thursday, postponed the laying of report on the 2017 Appropriation Bill to Tuesday.The…

Shell quarterly profits surge on rebounding oil prices

Net profit at Royal Dutch Shell increased more than sevenfold in the first quarter as oil…

Top quotes of the day

“I am not here just to lament over the sad and unenviable state of affairs in…

Reps grill Customs CG Ali over revenue drop

The House of Representatives on Wednesday frowned at the inability of the Nigerian Customs Service (NCS)…

Customs bans officers, family from participating in auction  

In a bid to ensure that the auctioning of seized goods is not compromised, the Nigeria…