Ships & Ports

CBN

CBN to sell $500 million after cutting Forex rate for consumers

The Central Bank of Nigeria (CBN) will sell $500 million to help improve dollar liquidity, traders said on Tuesday, a day after the bank effectively devalued the Naira...

kemi-adeosun

Non-oil revenue improving, no need for IMF loan –Adeosun

Nigeria sees no need to apply for an International Monetary Fund programme as it is pursuing its own economic reform plan, Finance Minister Kemi Adeosun said on Tuesday....

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

NNPC records $2.45bn crude oil export sale in one year

The Nigerian National Petroleum Corporation (NNPC) has said that $2.4 billion export sale was recorded in 12 months of 2016. The corporation’s monthly Financial and...

U.S. crude oil shipments to China halts amid trade war

Indigenous companies lack capacity for oil, gas production – PwC

Indigenous oil companies in Nigeria may still have a long way to go in the exploration and production of oil and gas, if the verdict of the PricewaterhouseCoopers (PwC),...

NSCDC destroys 10 illegal refineries in Rivers, arrests two vandals

Illegal refiners, oil thieves responsible for black soot emissions in Rivers – NSCDC

The Nigerian Security and Civil Defence Corps (NSCDC) has blamed illegal refiners and oil thieves for the black carbon emissions witnessed in some parts of Rivers. The...

The International Federation of Red Cross and Red Crescent Societies (IFRC) said on Tuesday that 74 bodies of migrants have washed up on the Libyan coast.

74 bodies of migrants found washed up on Libyan coast

The International Federation of Red Cross and Red Crescent Societies (IFRC) said on Tuesday that 74 bodies of migrants have washed up on the Libyan coast. IFRC...

OPEC president says oil market is correcting

Tsekelewu community warns NPDC against alleged drilling operations in Delta

The people of Tsekelewu community in Egbema Kingdom, Warri North Local Government Area of Delta State, have warned the Nigerian Petroleum and Development Company (NPDC)...

Nigerian Air Force

NAF to produce liquid oxygen for combat aircraft

In a drive to ensure it produces the essential equipment needed for the prosecution of the war on terrorism locally, the Nigerian Air Force (NAF) says it will soon begin...

Aero contractors

Experts query appointment of distressed Arik Air MD as Aero Contractors CEO

Aviation industry experts and other stakeholders have queried the propriety of appointing Captain Ado Sanusi, immediate past Deputy Managing Director of the distressed...

petrol tanker

Onitsha tanker fire destroys 13 buildings, 16 vehicles, 3 filling stations – NEMA

The National Emergency Management Agency (NEMA) has said a total of 13 buildings, 16 vehicles and three filling stations were completely destroyed after a tanker caught...

CBN

CBN order banks to open FX offices at airports

The Central Bank of Nigeria (CBN) has mandated banks to open Forex retail office at all major airports to ease transactions for intending travellers. The apex bank said...

Senate

JVCs refusal to repatriate oil proceeds unacceptable – Senate

The Senate on Monday expressed worry over alleged refusal by Joint Venture Companies (JVCs) to repatriate crude oil proceeds worth over $850 billion to the country....