Customs impounds 117,034 bags of rice worth N774m

The Nigeria Customs Service (NCS), impounded  117,034 (50kg) bags of rice with duty paid value of…

Nigeria makes case for ratification of maritime trade rules

  Nigeria and other countries in the Central and West Africa sub-region have been urged to…

Dangote: I am not interested in buying NLNG, not even on credit

President of Dangote Group, Alhaji Aliko Dangote, has said that if the federal government offers to…

FG accuses Shell of crude oil theft, demands $406 million

The Nigerian government  is demanding $406.75 million minimum from Shell Petroleum Development Company (SPDC) of Nigeria Limited…

Recession: Cabotage vessels lay idle in Onne Port

There is an unprecedented lull in oil and gas activities at the Onne Oil and Gas…

Maritime Security: Navy to enjoy priority In 2017 budget

The House of Representatives, on Tuesday promised to give the Nigerian Navy priority attention in the…

FG kicks as US bans Nigeria’s cocoa

The Minister of Labour and Employment, Chris Ngige, has expressed concern over the ban on importation…

FG floats N25bn loan scheme for transportation

The Federal Government has set up N25 billion revolving loan scheme for transport companies in the…

Nigeria ranked 36th in Africa with sustainable economic opportunities

Nigeria is one of 10 countries in Africa that have improved across all four sub-categories of…

Hanjin failed because it could not compete with rivals, says Chairman

The collapsed Hanjin Shipping Co Ltd could not compete against global rivals that were supported by…

ZIM Shipping loses to $74m in Q2  

Zim Integrated Shipping Services recorded a $74m net loss in the second quarter of the year.…

Yemeni rebels destroy UAE military logistics ship in Red Sea

Arab coalition forces have launched operations against militia boats of Yemen’s Houthi group that struck a…