Business Hilights

Tracking Nigeria's Headline Business News Online

Babatunde Fashola

30 years of railway negligence forced highways to continuous collapse—Amaechi

The Minister of Transportation, Mr. Rotimi Amaechi has linked the steady failure of federal highways to regular use of the infrastructure by heavy duty articulated vehicles which ordinarily would have moved by the rails. In his address in Abuja on…

Shut down of works on 2nd Niger Bridge, Lagos/Ibadan road, others imminent—Fashola

A clearer picture of the reasons behind the delay in assenting to the 2017 national budget by Acting President Yemi Osinbajo were on Thursday, unmasked in Abuja by the Minister of Power, Works and Housing, Mr. Babatunde Fashola. In an…

Weeks after strike on state of Lagos Ports access roads, light appears in the tunnel

…Dangote, Flour Mills and FG raise N4.34bn There have been signals that the suspended strike action by major business operators at the Lagos ports including Apapa and Tincan may be resumed very soon as the fresh 21 days ultimatum given…

Extend whistle-blowing policy to power sector, Fashola urges FG

There are strong indications that ‘whistle blowing’ policy of the federal government may be extended to the power sector to curb energy theft. The hint came from Enugu on Tuesday when the Minister of Power, Works and Housing, Babatunde Fashola,…

3 more days for SERAP to sue Fashola, Discos over hoarding of prepaid meters

Today, May 25, will make it four days into the prevailing 7-Day Ultimatum handed down to the Minister of Power, Works and Housing, Mr. Babatunde Fashola to either compel electricity distribution companies (DisCos) to provide Nigerians with free pre-paid meters…

More confusion trail power distribution as Discos demand tariff hike, Gencos cry for debts

The growing confusion in the nation’s power sector may be getting out hand when latest developments in the industry are pout on the table. Before now, the Distribution Companies (Discos) had been calling for tariff hike which was not allowed….

Industrialists mull clustering so as to build IPP to sustain manufacturing

A move suggesting that Nigerian industrialists’ have lost confidence on the possibilities of the current Minister of Power, Works and Housing, Babatunde Fashola to revive the electricity sector is now playing out. Now, manufacturers are thinking on how they can…

Finally, Fashola opens up on Lagos port access roads, says work beginning soon

Indication has emerged that the Nigerian Ports Authority (NPA) which recently agreed to fix failed portions of Apapa port access roads may not bear the cost after all as the Minister of Power, Works and Housing, Babatunde Fashola, has said…

NPA plans legal redress over wharf landing fee charged by LASG on containers

The managing director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has given an indication that the federal agency will approach a federal high court to seek the end of the collection of wharf landing fee Tax by the State…

Any W/bank facility to Discos’ll be diverted to paying bad loans, meaning no light—Expert

Whereas the Federal Government is seeking $5.2bn from the World Bank to expand electricity generation and distribution, an energy consultant, Shaibu Dada has warned that such facility will be diverted into settling existing bad loans which will translate to continued…