Ships & Ports

Russian oil output declines, almost at global pact target

Russian oil production edged down to 11.00 million barrels per day (bpd) in April from 11.05 million bpd in March, just short of full compliance with the targets of a...

FG mulls legal instrument to unlock offshore gas exploration

OTC: FG to stop sponsoring delegates from 2018 — Kachikwu

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has declared that the Federal Government would from 2018, stop sponsorship of delegates to the Offshore...

World-Bank

World Bank blames Nigeria’s forex crisis on fixed exchange regime

The World Bank has blamed Nigeria’s enduring foreign exchange instability on the fixed exchange regime in the official forex market. In a publication on African...

NNPC-Towers

We supply cheapest, most reliable power to Nigerians – NNPC GMD

Nigeria National Petroleum Corporation (NNPC) supplies the “most reliable and cheapest power’’ to Nigerians, Dr Maikanti Baru, the corporation’s Group Managing...

4th-Warri refinery

NUPENG commends FG’s proposed second refinery in the north

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Wednesday commended the Federal Government on the proposed second refinery in the Northern part of the...

Rotimi Amaechi

FG to build EFCC Hqtrs with N24bn, hires N3.8bn vessels for NIMASA

The Federal Executive Council on Wednesday approved additional N5 billion for the construction of the headquarters of the Economic and Financial Crimes Commission...

Crude-oil

‘Oil subsidy scammers nurturing vandalism, militancy, crude oil theft’

The oil subsidy scammers, who benefited immensely from fake importation of petroleum products, are nurturing vandalism, militancy, crude oil theft and the unwarranted...

CBN says forex inflow hit $91bn in 2017

Expert says new FX window will restore investors’ confidence in economy

President, Association of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, has said that the new foreign exchange window would restore investors’...

militants pipeline

Ex-militants go berserk, attack Skye Bank over stipend deductions

Many ex-militants, said to be foot soldiers of former militant leaders, on Wednesday, threw caution to the wind, attacking a branch of Skye Bank in Amarata area of...

Two-brazilians-with-cocaine

NDLEA arraigns two Brazilians over importation of Cocaine

The National Drug Law Enforcement Agency (NDLEA) on Wednesday charged two Brazilians before a Federal High Court in Lagos over alleged cocaine trafficking. The accused,...

lagos-port

12 ships arrive Lagos ports with petrol, other commodities

Twelve ships laden with petrol and other commodities are expected to berth at Lagos ports from April 25 to May 15. The Nigerian Ports Authority (NPA) announced in its...

Kemi-Adeosun

Adeosun: Africa loses over $50bn yearly to illicit financial flows

The Minister of Finance,  Kemi Adeosun, says Africa loses over $50bn yearly to illicit financial flows through money laundering, corruption and tax evasion. Adeosun...