Business Hilights

Tracking Nigeria's Headline Business News Online

Month: November 2016

Ajayi supports FG’s plans on special tax for SMEs

Founder of Startup Association of Nigeria (SupAN), Dr. Fredrick Ajayi has hailed the new plan of the federal government to come up with a special tax for Small and Medium-scale Enterprises (SMEs), saying the development will further drive the ongoing…

Sitters on railway top to pay N100,000 fine henceforth—FG

The tide has changed for train free riders who had been on the habit of sitting atop a moving train as the federal government has slammed a N100,000 fine for defaulters. Mr. Jerry Oche, the Lagos District Manager, Nigeria Railway…

Transport

NPA, BudgiT seal deal on budget transparency, accountability

Leading digital programming and management group, BudgiT Information Technology Network has been hired by the Nigerian Ports Authority (NPA) to drive its yearly budget accountability and transparency. Signing the Memorandum of Understanding (MoU) with BudgiT group, NPA said it is…

Fears as more job loss looms at FAAN, NCAA, NAMA

Barely less than one month after the Minister for State, Aviation, Alhaji Hadi Sirika had sacked both top and lower cadre workers in the sector, indications have emerged that the purge may continue before the end of the month. A…

NIMASA’s floating dockyard good for Nigeria – Senator Yerima

The Chairman of the Senate Committee on Marine Transport, Senator Ahmed Sani Yerima has said that the floating dockyard being built by the Nigeria Maritime Administration and safety Agency (NIMASA) will open new windows of opportunity in the maritime industry…

Stable forex policy will attract investment in downstream petroleum sector—udoji

An expert in downstream petroleum sector, Dr. Emmanuel Udoji has said that the best bet in increasing local and foreign investment in Nigeria’s downstream oil and gas sector is for the government to prioritise stable foreign exchange policy. He made…

Fashola hits GEJ, says oil prices, not policies, drove economy under him

Considering the growing comments by arch supporters of former administration that ‘thing were better under Jonathan than now’, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has reacted, saying the government of Goodluck Jonathan cannot say it is…

Give peace a chance, Kachikwu tells N/Delta militants

The observed surge in pipeline bombing in the oil rich region of Niger Delta, at a time credible dialogue is ongoing with the federal government has became a source of worry for the Minister of State for Petroleum Resources, Ibe…

Forex crisis, inflation force up cement prices

Before recession, relative cement prices across the nation were around N1,400  and N1,800. But since the forex crisis joined forces with recession, all local manufacturers have jerked up their prices citing cost of doing business as key factor. Otherwise, the…