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It will take time to start gaining from the revised Auto Policy—Boyi, PAN MD

PAN MD, Boyi

The Managing Director of Peugeot Automobile of Nigeria (PAN), Kaduna, Mr. Ibrahim Dutsinma Boyi has traced the fears of international auto investors in coming to Nigeria in numbers to fears of possible policy summersault. Giving reasons on why Peugeot brand is still struggling to stamp its feet and control the massive auto market in Nigeria, he said “Many factors could ...

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Sharp decline in Nigeria container traffic hobbling shipping industry—- Drewry report

Apapa Port 44

Findings by leading shipping investment survey carried out by Drewry Consult has revealed that West Africa and mainly Nigeria shipping industry has been facing series of shortfalls in terms of container traffic and throughputs. The report said “Overall regional activity has fallen by nearly 13% since 2014 with more spectacular falls in some countries, particularly those with oil-based economies such ...

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Customs hits gold in Q1 revenue, rakes in N239.4bn to exceed target by N46.2bn

Customs Ali 33

At a time the federal government is decrying drop in revenue to fund the 2017 budget, released financial inflows have continued to look up against 2016 hauls and even set quarterly targets. A document from the Federal Ministry of Finance has revealed that the Nigeria Customs Service (NCS) generated a total sum of N239.4bn in the first quarter as against ...

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Endless remodeling of Port Harcourt Airport worries passengers, stakeholders

Amaechi Seriika

If you had landed at Port Harcourt International Airport during the take off of the facility’s remodeling in 2013 by the former Minister of Aviation, Senator Stella Oduah and landed again this week, you will begin to wonder if the infrastructure renewal was programmed to be endless. A lot of passengers using the route who spoke to Business Hilights expressed ...

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Julius Berger, CCECC, RCC may not secure road contracts in Ogun State again

Amosun

Indications have emerged in Ogun State showing that more preference will be given to indigenous contractors over foreign to grow local content and create jobs. The State Commissioner for Works and Infrastructure, Mr. Olamilekan Adegbite, in a statement revealed that government will give indigenous contractors preference in the award of contracts for the construction of 171 rural roads in the ...

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Customs understudying challenges raised from Executive Order to facilitate trade

Customs Ali 33

The Comptroller-General the Nigerian Customs Service (NCS), Hameed Ali has not only agreed that the recently issued presidential Executive Order came with challenges, but assured that the Service will resolve them one after the other. Speaking during a visit of the leadership of the Association of Nigerian Licensed Customs Agents (ANLCA) led by its National President, Prince Olayiwola Shittu, Ali ...

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Attractive policies in Ghanaian aviation robbing Nigeria’s comparative advantage–Experts

Ghana Aviation

There are serious indications that Ghana, with less number of both local and international airports are ahead of Nigeria in the control of aviation hub in the sub-region. Nigeria currently sits at the trigger point of the continent and the shortcut (about six-hour travel time) to the rest of the world. With 170 million plus population, internal movement of about ...

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Price of yam skyrockets in Lagos, Abuja markets as export to UK begins Thursday

Audu NPA

There have been observed mop up of yam tubers across major markets in some cities across the country by middlemen who are racing to explore the new window of yam export to Europe and mainly United Kingdom. Checks by our correspondent in Lagos and Abuja showed sharp rise in the price of the commodity which is now out of reach ...

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NUPENG welcomes repair of Apapa-Wharf road, fears associated gridlock during work

nupeng-logo

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Thursday, raised fears over the possibility of the gridlocks coming with resumption of construction works on Apapa-Wharf Road to cause fuel scarcity in some parts of the country. The South-West Chairman of the union, Alhaji Tokunbo Korodo, in an interview, said that since the inauguration of reconstruction of the ...

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Bello gives antidote to 24-hour activities at Seaports, standard operating procedures

NSC

The Executive Secretary of Nigerian Shippers Council (NSC), Hassan Bello, has opened up on the best way to achieve what he described as Standard Operating Procedure (SOP) at the nation’s Seaports. In his submission at a town hall meeting on 24-hour operations at Seaports in Lagos Bello advised the Federal Ministry of Transportation and that of Power, Work and Housing ...

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