Greece-based containership owner Diana Containerships has received a letter from Nasdaq indicating that the company is…
Category: News
Hyundai Heavy wins $600m shipbuilding deal
Hyundai Heavy Industries (HHI) has clinched a shipbuilding deal worth up to 673.1 billion won ($600…
West Africa Crude: Diffs underpinned by strong margins
Sellers remained bullish on Wednesday, offering cargoes at high differentials on the back of strong distillate…
Nigeria’s non-performing loans have doubled since 2015- IMF
The International Monetary Fund (IMF) says non-performing loans across Nigerian banks have increased by more than…
Missing MH370 search team returns to work
A U.S. seabed exploration firm has offered to take on the search for Malaysia Airlines Flight…
Nigeria’s economy to grow 0.8 pct this year, risk remains – IMF
Nigeria is expected to emerge from recession this year, but threats to recovery remained elevated and the economy…
Lagos will become Africa’s third largest economy before I take my boarding pass– Obasanjo
A former Nigerian President, Olusegun Obasanjo, on Wednesday, said Lagos will become Africa’s third largest economy…
West African oil booms as refineries cash in on high margins
Booming refinery profits are helping West African oil producers sell cargoes quickly, aided by a shortage…
Reconstruction of Airport Road begins September – Ambode
Lagos State Governor, Akinwunmi Ambode on Wednesday disclosed that the reconstruction of Oshodi-Ikeja International Airport Road…
3 Russian aircraft captured by NATO over Airspace violation
Three Russian military aircraft have been intercepted by NATO jets near Estonian airspace. “Two Spanish F-18…
Italian parliament gives green light to Libya naval mission
Italy’s parliament authorised on Wednesday a limited naval mission to help Libya’s coastguard curb migrant flows,…
Egina to boost Nigeria’s oil output by 200,000 bpd in 2018- Total
The Managing Director/Chief Executive Officer Total upstream companies in Nigeria, Nicolas Terraz, on Wednesday said that the…