Business Hilights

Tracking Nigeria's Headline Business News Online

Month: July 2017

Senate’s ultimatum to NPA to account for 282 missing vessels expires today

The four days ultimatum handed down on the management of the Nigerian Ports Authority (NPA), to account for the 282 missing vessels, which berthed in Nigeria’s seaports without records, will expire at the end of work today. Senate Joint Committee…

2 months after, NIMASA begins 24 hrs issuance of Debit Notes to agents

Barely two months after the Presidential directive on the resumption of 24 hour port operations in Lagos ports, the Nigerian Maritime Administration and Safety Agency (NIMASA) said it has commenced a 24 hour turnaround time for analysing cargo manifests and…

Maersk Line steps up Cyber security 4 weeks after Petya attack, notifies partners

As part of full scale recovery drive Maersk Line was attacked by Petya virus, disrupting all international activities including Nigeria arm, it has introduced new undisclosed systems security measures. In a terse notice sent to customers’ weekend, Maersk said “In…

Cabal now runs Nigerian ports, drives fraud to N30tn—Senate

The Senate Joint Committee on Customs and Marine Transport investigative panel on Thursday made startling revelations on Thursday, indicating that some commercial banks, shipping firms, terminal operators have designed a cabal working with some officials of Customs and Nigeria Port…

How Innoson Motors brokered multibillion naira deal to flag off vehicle export

…Sells 400 vehicles to Mali, other countries on the line Fresh details have emerged on build up that lead to the successful sealing of 400 vehicle supply deal by Nigerian indigenous car manufacturing plant, Innoson Vehicle Manufacturing (IVM) company receive…

NDDC deepens restructuring, revokes 600 contracts

The sweeping restructuring going on at the Niger Delta Development Commission (NDDC) has cancelled about 600 contracts and projects in the federal agency. Managing Director of the Commission,  Nsima Ekere revealed in Port Harcourt on Thursday that NDDC’s management and…

9Mobile
ICT

UAE based Etisalat Group terminates rights granted EMTS, banks today

Final lap of severance of business relations between the United Arab Emirates (UAE)-based Etisalat Group will end today with the termination of all rights granted to the Emerging Markets Telecommunication Services (EMTS) Limited and EMTS lenders to use its Etisalat…

Shittu 66
ICT

Data user-friendliness frustrating knowledge economy in Africa—Expert

Team leader of Edo State ICT Agency, at the ongoing workshop in Accra, Ghana, Eromosele John has revealed that the key factor drawing back the target growth of knowledge economy in Nigeria and Africa in general remains data user-friendliness and…

CAC workers’ strike: How FG is derailing EOs by not constituting boards of agencies

Investigation by Business Hilights on the ongoing strike action by workers union of the Corporate Affairs Commission (CAC) have revealed that the non-constitution of the board of the agency caused the industrial action which is now having a negative huge…

Industry

LAWMA celebrates 2017 Service Charter Week, explains Cleaner Lagos Initiative

Lagos Waste Management Authority (LAWMA) joined her counterparts in the State to mark this year’s Service Charter Week, an annual event that encourages efficient service delivery among the Lagos State Ministries, Departments and Agencies (MDAs) of Government. The programme which…