Senate approves MTEF, raises oil benchmark to $57

  The Senate has approved the 2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper…

Ex-Customs official docked for N176m 

  A Federal high court in Lagos, Southwest Nigeria has adjourned till 5th of November, 2019…

Senate receives MTEF/FSP report, awaits 2020 budget next week

  The Senate on Thursday received the report of its Committee on Finance and National Planning…

Slow car carrier recovery to trigger more distressed asset sales — Drewry 

  Car carrier shipping is expected to continue its slow recovery, supported by improving utilisation and…

Navy begins recruitment of HND holders

  The Nigerian Navy has commenced the enlistment of graduates and HND holders into the Direct…

Russia opens fire on North Korean fishing boat; detains 21 for alleged poaching

  Russian border guards opened fire on a North Korean fishing boat and detained 21 crew…

BIMCO proposes new regulations in fight against emissions

International shipping association BIMCO has introduced a new option that could help in the shipping industry’s…

Customs impound N160m cannabis in Oyo

  The Nigeria Customs Service (NCS) in Oyo State has intercepted N160m worth of Indian hemp…

Another body recovered in search for Bourbon Rhode crew

  Bourbon Offshore has confirmed that the body of a fourth Bourbon Rhode crew member has…

Belfast Harbour invests $49m to future-proof container terminal

Northern Irland’s Belfast Harbour has unveiled details of a GBP 40 million (USD 49.1 million) investment…

NYK completes world’s first autonomous ship trial voyage from China to Japan

  Japan’s NYK has completed a trial on the world’s first autonomous ship, a 70,826-tonne pure…

Hapag-Lloyd will not use Arctic sea passages

  Hapag-Lloyd has joined fellow container line CMA CGM in saying it will not use Arctic…