CBN cuts interest rate for the first time in three years

After retaining its interest rate at 14 percent for more than three years, the Central Bank…

Judge’s absence stalls $406.7m suit against Shell

The absence of Justice Mojisola Olatoregun of a Federal High Court in Lagos on Tuesday stalled…

Alleged importers of 661 pump-action rifle importers to begin defence April 4

The five men charged with illegally importing 661 pump-action rifles into Nigeria will open their defence…

CMA CGM seals $1.36bn deal for 10 mega containerships from China

French liner shipping major CMA CGM SA on Monday ordered 10 new 15,000 TEU containerships from…

Four die in migrant boat mishap off Turkey

Turkish coast guard has said three women including a baby died early Tuesday when a boat…

Ukraine impounds $51m cocaine on cargo ship

Ukraine’s SBU security service on Thursday seized around $51 million worth of cocaine in a South…

Navy hands over impounded vessel, 523 bags of smuggled rice to EFCC, Customs

The Forward Operating Base (FOB) of Nigerian Navy, Ibaka in Akwa Ibom State on Wednesday handed…

PHOTOS: Buhari presides over FEC meeting

New minimum wage: Nigerians to pay more in VAT

The Federal Government is considering increasing the Value Added Tax (VAT) presently at 5 percent to…

Senate approves N30,000 minimum wage for Nigerian workers

The Nigerian Senate on Tuesday approved the sum of N30,000 as new national minimum wage for…

10 migrants die in Libyan boat mishap

Not less than 10 people died and 17 rescued on Tuesday when a boat carrying 27…

Saudi Ports Authority to slash container dwell time to 3 days 

Mawani, the Saudi Ports Authority, will reduce container time at its ports to three days by…