CBN has capacity to sustain forex intervention – Expert

A finance analyst, Dr. Biodun Adedipe, says the Central Bank of Nigeria (CBN) has the capacity…

British Airways introduces new Boeing 747 to Lagos route

British Airways (BA) will be introducing a bigger and better Boeing 747 to its London-Lagos route…

Osinbajo seeks NASS approval for N135bn virement 

Acting President Yemi Osinbajo on Thursday asked the National Assembly to approve a virement of N135.6billion…

Maersk says no data lost amid cyber attack

Responding to the latest cyber security queries, Danish shipping conglomerate Maersk reassured that no data had…

MH370 search unearths unprecedented insight into sea floor

Detailed sea-floor maps made during the unsuccessful search for missing Malaysia Airlines Flight MH370, released by…

TSA: Court orders seizure of $793.2m hidden in banks

The Federal High Court in Lagos on Thursday ordered seven commercial banks in the country to…

Russia says Greenpeace boat ruling will encourage illegal protests

Russia has rejected a ruling by an international arbitration court which said Moscow must pay damages…

HHI’s shipbuilding orders up 67% in H1

The shipbuilding orderbook value for the first half of this year of South Korean shipbuilding major…

Clarksons: Global shipyard capacity down by 62%

The number of active shipyards on a global scale has dropped by 62 percent since the…

Greek shipowners urged to keep faith in UK post Brexit

Chairman of Maritime London, Lord Mountevans, along with 10 London shipping reps were in town for…

Malaysian ports need $1.2bn in funding for expansion over next five years

Malaysian ratings agency RAM Ratings has forecast that about MYR5bn ($1.2bn) would be needed over the…

First cargo of U.S. strategic reserve arrives China

PetroChina is this week unloading the first Chinese purchase of crude oil from U.S. strategic petroleum…