Ships & Ports

OPEC seeks stable oil prices - President

Nigeria records increased oil output ahead OPEC production cut talks

OPEC said Friday that it pumped oil at record levels last month even though the cartel aims to agree a production cut in less than three weeks in an effort to boost...

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Senate passes Nigerian Agricultural Quarantine Service 2016 Bill

    The Senate on Thursday, passed a Bill for the establishment of the Nigerian Agricultural Quarantine Service 2016. The Bill sponsored by Sen. Abdullahi...

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DSS raids BDCs, arrests dealers selling above N400

Bureau de Change operators have been forced to fix sales of foreign currencies such as dollar, pounds and euros for fear of sanctions by anti-graft agencies and the...

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FG will not revoke power sector contracts, Fashola

The Minister of Power, Works and Housing, Raji Fashola, on Thursday said the Federal Government would not revoke the privatisation of the nation’s power sector....

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Niger Delta: FG moves to end pipeline bombings, arms proliferation

The Federal Government has set up a committee to liaise with stakeholders in the Niger Delta region to end the bombing of pipelines and the proliferation of small arms...

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NNPC stops kerosene importation

  The Nigerian National Petroleum Corporation has stopped the importation of Dual Purpose Kerosene into the country for three months running, its latest financial...

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Tension in Bayelsa, as aggrieved communities plan showdown with Shell over GMoU, Bonga Oil spills

Twelve aggrieved Bayelsa communities have resolved to shut down operations of the Shell Petroleum Development Company, SPDC, in their domains after the expiration of a...

Oil rises as investor confidence over US polls boosts risk assets

Oil prices rose on Tuesday ahead of the U.S. presidential election as investors unwound some of their recent bets against economically sensitive assets such as crude and...

NBS: Investment inflow into Nigeria rises by 74% to $1.8bn

The National Bureau of Statistics (NBS) on Monday released the capital importation report for the third quarter of 2016 with the country recording an increase of 74.84...

Agip Oil pipeline leak pollutes Bayelsa community

An oil leak from Tebidaba-Ogboinbiri crude line operated by Nigerian Agip Oil Company has discharged massive volume of crude into the surrounding environment, a field...

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EFCC closes case in trial of ex-NIMASA DG

Counsel to a former acting Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Calistus Obi who is standing trial on a N136 million fraud...

Former NIMASA DG Patrick Akpobolokemi converted N496m to personal use- Witness

A prosecution witness, Chukwuma Orji, has revealed how a former Director General of Nigerian Administration and Safety Agency (NIMASA), Patrick Akpobolokemi, converted...