Ships & Ports

Commission okays Norway's $1tr wealth fund oil stocks investments

Oil prices jump on planned production cuts

Oil prices jumped on Friday as evidence increased that producers in the Middle East were informing customers of upcoming supply cuts as part of a coordinated effort to...

Chinese engaging in illegal logging – Reps

The House of Representatives on Thursday expressed disbelief over allegations that Chinese nationals had invaded Nigeria’s forests, cutting down trees and illegally...

Nigeria needs 200,000km of roads-NBRRI

The Nigeria Building and Road Research Institute (NBRRI) has said that the country needs additional 200,000km of roads before 2020 to be among the 20 top developed...

Fuel subsidy removal: Nigeria saves N15.4 billion monthly says Osinbajo

Vice-President Yemi Osinbajo says the fuel subsidy removal has removed a burden of not less than N15.4 billion monthly from the Federal Government. Osinbajo said this in...

buhari-navy

Buhari pledges support for Navy, inaugurates 30 vessels

  In his first working visit to Lagos since assumption of office, President Muhammadu Buhari on Thursday pledged continuous support for the Nigerian Navy (NN). He...

Military arrests two militants over attacks on oil facilities

The Joint Military Force deployed to the Niger-Delta, Operation Delta Safe, says it has arrested two militants who are masterminds of recent attacks on oil...

FG to enforce ban on importation of two-stroke engines

FG to enforce ban on importation of two-stroke engines

The National Environmental Standards and Regulations Enforcement Agency says the Federal Government will enforce ban on importation of two-stroke engines and vehicles...

Nigeria, China Exim Bank reach $1.3bn power plant deal

The Federal Government, in partnership with the China Exim Bank, will spend about $1.3bn on the construction of a 700 megawatt-capacity Zungeru Hydroelectric Power Plant...

ExxonMobil

ExxonMobil shuts Lagos HQ over retrenchment standoff

The Lagos headquarters of U.S. oil major, ExxonMobil has been shut, following a standoff with blue-collar oil unions over the sacking of 150 ExxonMobil workers. Members...

Eric Omare

IYC: N65bn Amnesty budget’ll not abate Niger Delta crisis

The umbrella body of Ijaw youths, the Ijaw Youth Council (IYC) Worldwide , has said the N65bn budget for the Niger Delta Presidential Amnesty Programme will not abate...

China okays $6bn for airport expansion

China says weapons in South China Sea not militarisation

China said Thursday that the deployment of weapons in the South China Sea had “nothing to do with militarisation”, calling the construction of defensive facilities...

nigeria customs

Customs intercepts cannabis worth N60.4m in Ogun

The Federal Operations Unit (FOU) Zone A of the Nigeria Customs Service (NCS), on Wednesday, intercepted 1,300 parcels of substance suspected to be canabis from two...