Business Hilights

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Business Hilights

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ICT

NITDA not circumventing 2017 budget process

Worried by trending news on Social Media that the National Information Technology Development Agency (NITDA) is circumventing due process requirements in the implementation of the 2017 approved Budget, the agency has denied the news as baseless. A statement issued by…

Mega local firms partnering with foreign groups to buy airports

There are strong indications that leading indigenous companies are teaming up with foreign firm with good airport management background to bid in the upcoming concession rounds of the Murtala Muhammed International Airport, Lagos, and the Nnamdi Azikiwe International Airport, Abuja….

No indicator of progress in maritime industry since 2015—Akabogu

Leading maritime lawyer and Principal Partner, Akabogu & Associates, Mr. Emeka Akabogu has weighed developments in the nation’s maritime industry in the last two year and described activities as flat-footed. According to him, “No, there has been no difference. Absolutely…

Revealed: Kachukwu/Baru rift started in 2015—BH Investigation

…Act establishing NNPC does not recognise Minister of State in official matters A deeper inquest into the serial insubordination meted to the Minister of State for Petroleum, Dr. Ibe Kachukwu by the Group Managing Director of Nigerian National Petroleum Corporation…

FG to export unevacuated power to ECOWAS states

The federal government may have idealized a strategy to sale excess volumes of generated electricity by Gencos, than allowing the powers to stock away at plants. Nigeria currently generates well over 7,000MW, but can only distribute less than 4,500MW, leaving…

Operation Python Dance: Aba industries stabilizing, but…—BH survey

…. losses rise to N100bn As Nigerian Army begin to end its ongoing Exercise Egwu Eke II (Python Dance II) in the South-East states which controversially started in Aba from September 15, a tour of the city over the weekend…

Rotten exported yams not originally harvested for export

A fresh dimension has emerged on why all the yams recently celebrated and exported to Europe at the Apapa port by the Minister of Agriculture got spoilt on arrival. Undercover interviews and investigations by our correspondents showed that many of…

Sukuk fund: Each zone to get N16.67bn for selected roads repairs

Following the raising of about N100 billion from the recently floated sovereign sukuk, the Federal Government has disclosed that each of the six geopolitical zones will get about N16.67bn to fix 25 major economic roads. The Finance minister, Mrs. Kemi…

NPA seals operational safety promotion deal with FRSC

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has brokered Safety Standards for all aspects of operations at the nation’s Seaports deal with the Federal Roads Safety Corps (FRSC) in Lagos. Giving the insights during her remarks…

AG Dangote now relocating Gas Pipes on Apapa-Wharf Road

As part of efforts to quicken the delivery of Apapa-Wharf road which is under construction by AG Dangote Construction Company Ltd, has started the relocation of underground Gas pipelines and telecoms cables to free construction activities. This was revealed by…