NPA boss, visits key clearing stakeholders, assures better port reforms
As part of her measures to deepen relations with key stakeholders’ in the nation’s shipping industry and clearing agents in particular, the managing director of Nigerian Ports Authority (NPA), Ms. Hadiza Bala Usman has concluded a tour of leading associations…
Turkish Airline denies accident on Hong Kong route
The Turkish Airlines group has issued a statement denying any form of air accident involving its flights from Hong Gong to Bishkek Manas International Airport (FRU). In a terse statement issued in Lagos and made available to Business Hilights, the…
Golden Tulip hotel denies ejecting Turkish Airlines’ passengers
The management of Golden Tulip Hotel in Apapa, Lagos has cleared the air on the reported rumour by some section of the media that it ejected Turkish Airlines’ passengers lodging in the hotel. The hotel rather added in a statement…
#OccupyCBN group enemy of Nigeria, economy—CBN
The Central Bank of Nigeria (CBN), has described the group; #OccupyCBN as “paid hirelings and blackmailers,” being mobilized by highly placed economic saboteurs to further destabilize the recuperating economy. Earlier the group leader, Deji Adeyanju, had told reporters that they…
Confusion on recovery as Heritage Bank sacks 400, plans more before end of Q1
Resilient financial group, Heritage Bank has sack about 400 staff and there are plans to ease out more before the end of first quarter. News Agency of Nigeria has reported. The bank, in October 2014, acquired Enterprise Bank with about…
IMF report blames FG’s delay, poor implementation of recession exit policies
One year after the International Monetary Fund (IMF) visited Nigeria and advised for immediate subsidy removal and devaluation of the naira, the financial institution has blamed the economic team for failures based on delayed/poorly managed policy adjustment. It would be…
Dangote targets 3,000 jobs, sets up multi-million dollar Truck Assembly Plant in Lagos
As part of new backward integration in local production of haulage vehicles and determination to tap into the opportunity provided by the scarcity of forex in the country to create jobs, foremost entrepreneur, Aliko Dangote has embarked on the establishment…
Development Bank of Nigeria set to resume operation with N396.5bn
After three years of back and front, preparations are currently at final stages for the take off Development Bank of Nigeria (DBN) idealized since 2014. Already, the Federal Ministry of Finance last week applied to the Central Bank of Nigeria…
Buhari makes first official N14.45bn commitment to 2nd Niger Bridge
After series of meeting and visits by Igbo leadership within the last few months, the Federal Government has awarded the contract for additional works on the Second Niger Bridge linking Delta and Anambra States. The new bridge is about several…
