We did not commission Pinnacle coy to auction impounded petroleum products – EFCC

The Economic and Financial Crimes Commission (EFCC) has dissociated itself from the activities of Pinnacle Trading…

Customs seizes 3,300 smuggled tortoises

  No fewer than 3,300 live tortoises smuggled from Hong Kong were seized in Guangdong, customs…

Gunmen abduct two dredgers in Lagos

Some suspected kidnappers have abducted two sand dredgers at Eleko village in the Ibeju-Lekki Local Government…

Reps summon Emefiele over alleged $17 billion undeclared oil sales

The House of Representatives ad hoc Committee investigating the alleged stolen $17 billion oil and gas…

FG ‘still owing oil marketers N300bn subsidy arrears’

The federal government is yet to pay over N300 billion subsidy claims of major oil marketers…

Top quotes of the day

“… the sharp decline in U.S. imports of our crude, on account of rising domestic production…

IMF urges Nigeria to implement ‘coherent and credible’ economic policies

The International Monetary Fund (IMF) on Thursday urged Nigeria to step up its economic reform efforts…

Nigeria’s oil production cost drops by $43/barrel in 3 years

The cost incurred to produce a barrel of crude oil in Nigeria has declined to $27…

Lawmaker condemns alleged importation of ‘Indian garri’

A member of the Osun House of Assembly, Olatunbosun Oyintiloye, has condemned the alleged importation of…

Vietnam sentences two shipping executives death for corruption

Two former executives from Vinashin Ocean Shipping (Vinashinlines) have been sentenced to death for corruption, while…

Damen to sack 150 

Damen Shiprepair & Conversion (DSC), part of Dutch Damen Shipyards Group, plans to lay off around 150…

Hyundai Heavy workers stage first all-out strike in 23 years 

Unionized workers of South Korean shipbuilding company Hyundai Heavy Industries (HHI) organized a strike on Thursday…