Samsung Heavy selling shares to raise USD1bn

South Korea’s Samsung Heavy Industries (SHI) is looking to raise up to KRW 1.1 trillion (USD 982.9…

NIWA MD, Mustapha says Nigeria’s inland waterways is a cash cow

The African Union recently launched the years 2015-2025 as decade for African seas and oceans, with…

Customs intercept 31 containers of rice over false declaration at Tin Can port

The Tin-Can Island Customs Command has intercepted 31 containers of 14,000 bags of rice valued at…

Police to Avengers: Declare Niger Delta republic, face treason

The Police on Friday gave a stern warning to the Niger Delta Avengers against its planned…

Navy rescues 13 foreigners from pirates in Rivers

Special Forces of the Nigerian Navy on Friday rescued 13 foreign nationals, aboard a merchant ship…

Navy destroys 70,000 litres of stolen diesel, arrests one in Port Harcourt

The Nigerian Navy on Friday impounded and destroyed six large wooden barges laden with estimated 70,000…

Militants greet stakeholders’ meeting with oil facility attack

Gunmen suspected to be Niger Delta militants have blown up oil facilities at Owhrode community, Udu…

Ghana says dispute with Ivory Coast affects oil development

  Ghana’s President, John Mahama, says a maritime boundary dispute with Ivory Coast had affected the…

Minister explains why FG stopped export expansion grant

The Minister of Finance, Kemi Adeosun on Thursday justified the stoppage of the policy on Export…

Police arrest three suspected pipeline vandals in Akwa Ibom

The Akwa Ibom Police Command has arrested three suspected pipeline vandals in Eket Local Government Area…

Shippers’ Council seeks support for truck park in South East

  The Nigerian Shippers’ Council (NSC) has called on state governments in the south east to…

Nigerian Navy rescues hijacked British vessel, ‘MT VECTIS OSPREY’ from pirates

Operatives of the Nigerian Navy Ship (NNS) NWAMBA have foiled attempt by pirates to hijack a…