Swiber fails to redeem $114m bond issue

Bankrupt Singapore offshore company Swiber Holdings has failed to redeem a SGD160m bond issue. Swiber, which…

First Alaska fast response cutter enters service

The Coast Guard’s newest fast response cutter, Coast Guard Cutter John F. McCormick, officially entered the…

ABS breaks ground on new global headquarters building

Classification society ABS has broken ground on a new global headquarters in Houston. The 10-storey, 326,800…

West Africa Crude: Sonangol allocates its June term cargoes

Angolan state oil company Sonangol was finalising its allocations of June-loading cargoes to term buyers on…

NCAA investigates Aero Contractors over aircraft smoke

The Nigerian Civil Aviation Authority (NCAA), has begun investigation into the smoke in an Aero Contractors…

IMF endorses Nigeria’s economic recovery plan

The International Monetary Fund (IMF) on Wednesday backed the Economic Recovery and Growth Plan (ERGP) released…

Militants back in Ogun riverine communities – Amosun

Ogun State Governor, Ibikunle Amosun, on Wednesday raised the alarm that militants have returned to the…

Malabu: Reps summon of Jonathan disrespectful, naked overzealousness —NAF

A group, the Niger Delta Advancement Front (NAF) Wednesday, berated the House of Representatives, over its…

Migrant rescuers, island mayor win UNESCO peace prize

UNESCO awarded its prestigious peace prize on Wednesday to migrant rescue association SOS Mediterranee and the…

IMF urges countries to use fiscal policy wisely

The IMF on Wednesday urged countries to press forward with nuanced tax and spending policies due…

Police demolish criminal hideouts in Ishawo creeks

Security operatives from the Lagos State Police Command deployed in the riverine area of the Ishawo…

Buhari suspends SGF, DG NIA

President Muhammadu Buhari has suspended the Secretary to the Government of the Federation, David Lawal; and…