NNPC posts N34bn Q1 loss as crude production slumps

The group financial performance of the Nigerian National Petroleum Corporation (NNPC) recorded its third consecutive monthly…

US oil output disrupting market rebalancing – OPEC

Increased oil production in the United States is hampering efforts to balance out market supply and…

$1.6bn fraud: Again court grants Diezani-Madueke’s aide permission to travel abroad

Justice Nnamdi Dimgba of the Federal High Court, Abuja, on Tuesday, granted Jide Omokore, an aide…

Customs collects over N1.2 bn revenue in Niger – Official

The Nigeria Custom Service (NCS), Niger Area Command, said it had collected about N1.2 billion as…

‘Edo Inland Container Depot will generate 13,000 jobs’

Chairman of the State Implementation Committee for the Edo Inland Container Depot (EICD), Charles Akhigbe, says…

Somalia signs treaty to repatriate convicted pirates

A decision taken last week by India to sign a bilateral prisoner transfer agreement with the…

Strike: No deal between Spain dockworkers, employers 

The representatives of the Spanish dockworkers union Coordinadora and their employers’ association Anesco could not reach…

Regulations stall investment in Nigeria’s gas sector – Expert

Head of Energy Research EcoBank Group, Dolapo Oni has given reasons why Nigeria does not have…

Gulf of Aden gets more help in fight against piracy

Following a number of recent attacks against merchant shipping in the Gulf of Aden and Bab-el-Mandeb,…

Indian court orders data seizure from Panama ship after fatal collision

The Kerala High Court, India, has ordered the seizure of all data, including digital records, from…

Greek port Piraeus agrees to ship Chinese cargo to Europe

The Piraeus Port Authority, together with China’s COSCO Shipping, the majority shareholder of PPA, and the…

CMA CGM to acquire Mercosul Line 

French liner company CMA CGM has signed a binding deal with Danish counterpart Maersk Line to…