Bumi Armada hit with $247m impairment on OSV fleet value

Malaysian oil and gas company Bumi Armada was the latest to take a hit from poor…

Clarksons: Product tanker fleet enters moderate growth era

Product tanker orderbook has dropped to its lowest level in nearly 17 years as it was equivalent…

Oman’s oil exports to China fall 30% in January

As the sultanate cut its oil output from January to comply with a deal between OPEC…

Breaking: Truck kills maritime journalist in Lagos

A truck this afternoon knocked down and killed a maritime journalist, Segun Agbolade, in the Trinity…

PHOTOS: See the scores of tricycles, motorcycles, vehicles and other items recovered from Dikko

  The Economic and Financial Crimes Commission (EFCC) has recovered items worth millions of naira from…

NAFDAC smashes producers of fake Peak Milk, water for injection

Following intelligence received on a transport vehicle containing suspected counterfeit Peak Milk products bound for Lagos…

Dollar shortages curb Nigerian private sector growth – CBN

Nigerian private sector activity slowed in February as new orders and production levels fell due to…

Nigeria buys helicopters, vehicles from Russia, UAE to fight Boko Haram

Nigeria’s Defence Minister Mansur Dan-Ali on Wednesday, said the country had procured modern equipment from Russia…

Reps angry over Conoil, Oando N7.6b debt to PPMC

The House of Representatives has identified absence of defined penalties for default payment for products procured…

China loads up on West African oil in March, hitting fresh record

China’s loadings of West African crude oil are set to rise to a new  record in…

DPR warns Akwa Ibom IPMAN against petrol price increase

The Department of Petroleum Resources (DPR) in Eket has warned the Independent Marketers Association of Nigeria…

Aviation: FG removes two AIB directors

Two directors in the Accident Investigation Bureau (AIB) of the  Ministry of Aviation were removed today…