Business Hilights

Tracking Nigeria's Headline Business News Online

Month: January 2017

Transport

Cape Town unveils waste-to-energy plant as Lagos scheme remain in pipeline

More than two years after the Lagos State Government has signaled plans to decentralize waste dump site with the aim of beginning a waste-to-power project, South Africa’s City of Cape Town is now generating its own electricity through a waste-to-energy…

NPA, Customs launch single window at seaports to grow competitiveness

The managing director of Nigerian Ports Authority (NPA) and hierarchy of the Nigerian Customs Service (NCS) have made public their collaboration to boost competitiveness by way of jointly unveiling Single Window (SW) platform at the ports. Explaining the reasons behind…

History in the making as Medview Airline arrives stock exchange Tuesday for listing

Medview Airline, Nigeria’s fastest growing flag carriers, has concluded arrangements s to hit the Nigerian Stock Exchange (NSE) for listing. Executive Director, Business Development, Mr Isiaq Na-Allah, in an interview said the listing would enable the airline to expand its…

Shippers’ Council plans codification of laws of inland transport in Nigeria

As parts of new moves to deepen inland transportation, the leadership of the Nigerian Shippers’ Council (NSC) observed has not only noticed the absence of a legal framework to guide the operation of inland transportation in the country, but has…

Maritime ready to take over from oil—-Peterside

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said the maritime industry is ready to take over from oil as the leading revenue earner in the country, calling on all stakeholders to…

GE, Transnet team up to invest in Africa’s digital space, transport

Two global players, GE, premier digital industrial company, and Transnet, Africa’s most developed rail and ports operator have signaled fresh plan to partner on digitizing Africa’s transport sector. The new deal is coming on the heels of desire to deliver…

Business Interview/Opinion

Speech by Comptroller Umar Yusuf on this year’s International Customs Day (ICD) 26/01/2017

The WCO is noted for its work in areas covering the development of international conventions, instruments, and tools on topics such as commodity classification, valuation, rules of origin, collection of customs revenue, supply chain security, international trade facilitation, customs enforcement…

Price of cooking gas to crash this week as NLNG flood market with product

Indications have emerged that the end is near for the rooftop price of cooking gas in the last couple of months as the Nigeria Liquefied Natural Gas Limited (NLNG) has assured the public that it will make available 13,000 metric…

Power stations’ generations on a steady drop—NBS

Latest report from the National Bureau of Statistics (NBS) has revealed that power generation across all the 25 power stations since last year has been on a steady drop as daily energy generation attained a peak of 3,859.59MW on October…

Oil workers strongly oppose NASS drive to amend NLNG Act

Oil and gas workers, under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have opposed amendment of the Nigeria Liquefied Natural Gas (NLNG) (Fiscal Incentives, Guarantees and Assurances) Act by the House of Representatives. Expressing…