APM Terminals, ASPA earmark USD49.5m Alabama port expansion 

By Jite Eriabie  The Alabama State Port Authority (ASPA) and APM Terminals (APMT) have announced a…

China is a distorted state-run economy, says EU 

By Jite Eriabie  The European Union introduced new rules on Wednesday to guard against excessively cheap imports and…

Iraq begins takeover of oilfield from Shell

By Jite Eriabie   Iraq on Thursday took the first step towards taking over the giant Majnoon…

Iraq begins takeover of oilfield from Shell

Iraq on Thursday took the first step towards taking over the giant Majnoon oilfield following the…

We can account for every barrel of crude sold, says NNPC

State oil firm, the Nigerian National Petroleum Corporation (NNPC) has said it can account for every barrel…

OPEC starts working on oil supply cut exit strategy- Sources

The Organization of the Petroleum Exporting Countries (OPEC) has started working on plans for an exit…

Reps to issue arrest warrant against Peterside

The House of Representatives adhoc panel investigating the status of Treasury Single Account (TSA) has agreed to issue…

Navy rescues 4 kidnapped Chinese men

The Nigerian Navy in Lagos has said it rescued four Chinese men from kidnappers around Igbokoda area…

Customs exceeds revenue target, collects N1.1tr in 2017

The Nigeria Customs Service (NCS) has recorded its highest revenue collection ever with a total generated…

NNPC more than doubles fuel supply amid run on petrol

The Nigerian National Petroleum Corporation (NNPC) said on Thursday it has more than doubled the daily…

NNPC commended for pumping petrol into Ejigbo Depot

The Independent Petroleum Marketers Association of Nigeria (IPMAN), Ejigbo Depot, has commended the Nigerian National Petroleum…

Lauda bids for Austria carrier Niki, Ryanair steps away

Former motor racing driver Niki Lauda has made a bid for Austrian holiday airline Niki, but…