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Cargo ship Lutuf hijacked by armed pirates off Somalia

A cargo vessel has been hijacked off Somalia, according to a UKMTO warning published on 17 August.Maritime security company Vanguard Tech said the ship...

South African Airways suspends acting CEO after four months

South African Airways’ interim Chief Executive Officer (CEO), Matshela Seshibe, was suspended from duties on August 14, 2026, according to reports published by several...

Brussels Airlines expands Arctic network with services to Norway and Finland

Brussels Airlines announced on August 17, 2026, a significant increase in the capacity it offers to Europe’s far north during the 2026/27 winter season. The...

Pipeline security crucial to Nigeria’s $50bn offshore target

Nigeria’s $50bn offshore investment target depends not only on policy reforms and approvals, but also on securing pipelines and ensuring stability in the Niger...

FCMB raises instant loan limit amid credit demand

First City Monument Bank has increased the limit on its FastCash instant loan to N500,000, giving eligible customers access to more funds for unexpected...

Investors show strong appetite for BOI’s N250bn bond

Investors have shown strong appetite for long-term domestic assets as the Bank of Industry Limited successfully closed its maiden N250bn Series 1 Fixed Rate...

GTCO interest income surges 506% as dollar limit doubles

Guaranty Trust Holding Company Plc has seen its interest income surge more than sixfold since the COVID-19 pandemic, while its banking subsidiary, Guaranty Trust...

Ocean Winds Selects Bilfinger for Offshore Wind Project in Poland

International industrial services provider Bilfinger has been selected to deliver technical advisory services during the execution phase of an offshore wind project in the...

Semco Maritime Sells Offshore Wind Jack-Ups to HEA Energy

HEA Energy has acquired jack-up vessels, Thor and Wind Lift 1, from Semco Maritime, marking the foundation of a long-term partnership between the two...

73 years in the making: Petrobras’ oil field exceeds 4 billion barrels as Brazil’s pre-salt turns 20

Brazil’s state-owned energy giant Petrobras has notched a new production milestone, with one of its oil fields surpassing 4 billion barrels of cumulative output...

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