Business Hilights

Tracking Nigeria's Headline Business News Online

Month: February 2017

Forex hobbling Gas-to-power sector as collapse looms, NGA warns

The leadership of the Nigerian Gas Association (NGA) has raised an alarm, saying foreign exchange (forex) remains another potential threat to the unstable sector after reserve challenges. The association lead by its President, Dada Thomas had last week called on…

Another Free Zone coming to Delta to deepen oil & gas investments

The Managing Director, Oil and Gas Free Zones Authority (OGFZA), Umana Umana has said Nigeria is to license a new oil and gas free zone in Delta state. The assurance came after he carried out an inspection tour of the…

Can CBN’s NIRSAL deliver ‘grains by rail initiative’ as cattle rail movement hangs?

Considering the observed failure of the first programme by the Nigerian Incentive Based Risk Sharing for Agricultural Lending (NIRSAL) for cattle dealers to move products on rail from North to South, there are fears that another plan the same body…

International Onion market to be established in Kebbi by govt soon

Considering the comparative advantage of Kebbi State in the production of Onion, the Kebbi State Government Monday said it would construct an international onion market at Aliero Local Government area of the state. Governor Atiku Bagudu who visited the local…

Transport

PayPorte, Miyonse fete Orphans with cash, food items donations in Lagos

PayPorte, an online store group has stepped up its Corporate Social Responsibility (CSR) as it recently donated millions of Naira and food items to orphanage homes in partnership with the Ex-BBNaija housemate, Miyonse. The event, which took place in Lagos…

Customs boss caution officers on unprofessional conduct

Ugo Ezuruike Assistant Comptroller General of Customs in-charge of Zone A, Lagos, ACG Monday Abue has warned officers not to indulge themselves on practices that will bring bad image to the Nigeria Customs Service (NCS). ACG Abue who is on…

SME operators in Kwara set to get N2.5b SME intervention facility

As part of renewed moves to grow the Small and Medium Enterprises (SMEs), the Kwara State Government has injected N2.5 billion into its Small and Medium Scale Enterprises Micro-credit Intervention Scheme. The scheme was launched in 2012 in the state….

Cattle dealers finger FG in collapse of rail movement of products from North to South

Contrary to earlier speculation by the federal government that the rails have been put in place to move thousands of cattles from the North to the Lagos and other parts of the country, the scheme has stopped and cattle dealers…

NIMASA, Akwa Ibom, others back two maritime universities

Richard Oriaku The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Akwa Ibom State government were among critical stakeholders that continued to express their support for the establishment of two maritime universities for country. NIMASA in a statement by…

NPA’ll drive port Master plan to fruition—-Usman, MD

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Usman has again given assurance that her leadership is committed to concluding the 25-year Port Master Plan of the Federal Government. Usman, said she is committed to concluding the 25-year…