Business Hilights

Tracking Nigeria's Headline Business News Online

Auto Spare Parts and Machinery Dealers’ Association (ASPMDA)

Coronavirus disrupting global auto supply chain—Report

…Prices of auto spare parts, others to jump soon—ASPMDA Aside physical health impacts, new report Monday, 10 February 2020, revealed that Coronavirus driven-lockdown of key manufacturing cities in China especially Wuhan, has hit global auto supply chain. This is base…

Border closure: W’African nations fight back; reject Nigerian goods, shut shops

Getting to three months, it became clear to ECOWAS Countries that Nigeria means business in shutting its land borders. Though diplomatic processes seem to be ongoing at governmental levels between Nigeria and most affected neighbours including Togo, Benin, Niger and…

Fidelity Bank raises business security at Lagos trade fair complex with 3 Hilux

The Managing Director of Fidelity Bank Plc, Mr Nnamdi Okonkwo, Monday fulfilled his promise to the business community at Lagos Trade Fair complex, Badagry Expressway by donating three brand new Toyota Hilux for security and surveillance patrols within the corridor….

Lagos Trade Fair businesses lose N1bn daily to Badagry Expressway—Offorkansi

Worsening state of Lagos-Badagry Expressway has started affecting business activities at the Lagos International trade Fair complex along the international highway. Recall that the complex houses over 12 trading groups, making it the largest commercial centre across the continent. Some…

BPE technically voids sold plots under Ajayi at Lagos Trade Fair Complex

…Insists on concessioning complex with caveat Strong confusion especially concerning areas yet to be developed in the Lagos Trade Fair Complex prior to the removal of former concessionaire, Aulic Nigeria Limited has unfolded following an express clarification contained in the…

Lagos Trade Fair investors reject re-concession plot, seek takeover of remaining 25%

Following recent move by the Bureau of Public Enterprises (BPE), through the National Council on Privatisation (NCP) to re-concession the Lagos International Trade fair complex on Badagry Expressway, consortium of traders currently occupying the complex on different long lease agreements…

How potholes caused tanker fire, wasted seven vehicles on Lagos-Badagry expressway

Fresh fact has emerged on the real cause of the petrol tanker that spilled its content along the Lagos-Badagry road between Barracks and Onireke Bus Stops in Ojo Local Government Area of Lagos on Tuesday causing a fire outbreak that…

‘Lagos-Badagry expressway gridlock now worse than Apapa experience’

Residents along the only Lagos international border highway, the Lagos-Badagry Expressway have described the state of the road as more hellish than the intractable Apapa port access roads. Our correspondent who drove along the road reports that the ongoing road…

FG, China join to haunt down makers, importers of deadly substandard products

The federal government through the Standards Organisation of Nigeria (SON) has consummated an international understanding to blacklist, prosecute about seven Nigerian importers and Chinese manufacturers of substandard and life-endangering products into Nigeria from China. The development stemmed from the ongoing…