Buhari: Nigeria failed to develop automobile industry

President Muhammadu Buhari has lamented that Nigeria failed to develop on automobile initiatives started in Bauchi, Kaduna…

Navy hands over fraudster wanted by ICPC

The Nigerian Navy has handed over a female fraudster to the Independent Corruption Practices and Other…

Nigerian Navy destroys more illegal refineries

The Nigerian Navy has continued its crackdown on the activities of illegal crude oil thieves and…

Buhari orders NNPC to commence oil exploration in Benue trough

President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation (NNPC) to commence the search for…

Four die as boats collide in Greece

At least four people, including a nine-year-old child, have died after a speedboat and a tourist…

Recession: Customs records huge revenue shortfall

The Nigeria Customs Service (NCS) said it was able to generate only N385.7billion as revenue in…

Turkish sailors bag 42 years jail term for drug smuggling 

Two Turkish sailors have been jailed for a total of 42 years in relation to the largest…

Maersk warns against U.S. protectionism, says trade barrier weakens growth 

Danish conglomerate, A. P. Moeller-Maersk A/S, which owns the world’s largest container shipping company – Maersk…

IPMAN, NIMEX Petroleum to import 100,000mt of petrol

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has entered into a strategic partnership with NIMEX…

Pressure mounts on carriers to cut costs  

As the container industry revenues are contracting faster than carriers can cut costs, the shipping consultancy…

Maersk Drilling looks to avoid laying up rigs  

Maersk Drilling expects the weak market to continue in the short and medium term but still…

Salvage team boards stricken drilling rig in Scotland  

A salvage team has made it on board the grounded Transocean Winner in Scotland as part…