Business Hilights

Tracking Nigeria's Headline Business News Online

Month: December 2016

SAA introduces new aircraft on Lagos-Jo’burg route

Leading African airline, the South African Airways (SAA) has launched its new aircraft on the Lagos-Johannesburg route even as the sector continue to face the intricacies of harsh operating environment deepened by forex crisis and aviation fuel crisis. According to…

Apapa Customs Command boss, Jibrin assures to deliver on mandate

The Apapa Customs Area Controller, Compt. Jibrin Musa has given assurance that he will deliver on his mandate at the command. Addressing Executive of leading Maritime journalists group, the Association of maritime Journalists’ of Nigerian (AMJON) who paid his a…

Transport

NIMASA seals 3 facilities over ISPS Code abuse

Pursuant to its mandate as the Designated Authority (DA) for the implementation of the International Ship and Port Facility Security (ISPS) Code in Nigeria, the Nigerian Maritime Administration and Safety Agency (NIMASA) has shut three jetties and port facilities for…

27 ships carrying petroleum products, food items, underway to Lagos

Contrary to speculations that petroleum products will be scare during the yuletide, indication has emerged that this will be among the smoothest end of the year in terms of petroleum products availability as 27 ships laden with products and food…

Senate angry over steady power outrage at Calabar duty-free zone

More concerns have continued to grow over the intractable power crisis rocking the Calabar Free Trade Zone (CFTC), an economic zone where goods are landed, manufactured or reconfigured, in Cross River State. This time, the Senate Committee on Trade and…

Aero Contractors resumes flight operations

It was pump as Aero Contractors airlines resumed its scheduled services across the country Wednesday. The Chief Executive Officer of the group, Fola Akinkuotu had explained that the suspension of flight was embarked upon as a strategic business realignment to…

Like oil states, FG approves 13% derivation for solid-mineral producing states

More succors are coming the way of solid mineral producing states as the Federal Government has given approval for the implementation of the constitutionally guaranteed 13 per cent derivation from mineral revenues to deserving states. With the approval, solid mineral…

FG makes U-Turn, drops PPP, plans 100% repairs of refineries in 2017

Barley less than two months after saying that government will involve the private sector in rehabilitating all three national refineries, the Nigerian National Petroleum Corporation (NNPC), has said it would solely embark on a comprehensive rehabilitation refineries located in Port…

Bayelsans square against plot to offload FG’s 40% in Brass LNG, move base

Youths and Women of Brass Communities in Brass Local Government Council Area of Bayelsa State who had gotten the wind of move by the federal government to move Brass LNG base to another location and drop 40 per cent in…

Just in: Arik Air, striking workers reach truce, resumes normal flights operations

Relief has returned to the nation’s aviation following the cessation of hostilities few hours ago today, (Wednesday) as Arik airline has resumed flights following a deal to end the one-day strike. The action had paralysed its operation between Tuesday and…