Business Hilights

Tracking Nigeria's Headline Business News Online

Month: June 2017

Adebayo Shittu
ICT

Minister expects ICT Varsity Comte report soon, VC, Registrar coming soon

Following the successful inauguration of the proposed implementation Committee of the ICT University of Nigeria (ICTUN) on Thursday in Abuja, the Minister of Communications, Barr Adebayo Shittu has charged the members to turn in report within six weeks so that…

NAFDAC explains why EU rejected 24 Nigerian products in 2016

More details have emerged from the National Agency for Food and Drug Administration and Control (NAFDAC), giving fresh details on why the European Union (EU) rejected 24 exported food products from Nigeria in 2016. In an interview with NAFDAC spokesperson,…

Springfountain, Boeing seal deal to invest $20bn in Nigerian aviation industry

Nigeria’s leading aviation infrastructure firms, Springfountain, and aircraft manufacturers, the Boeing Company USA, on Monday signed a strategic agreement to invest about $20bn in the Nigerian aviation industry. The agreement was sealed in Lagos between the Managing Director of Springfountain,…

After failure at lower chamber, Senate moves for 10-year development plan for S/East

South East lawmakers are not relenting in their efforts to get some levels of official rebate from the federal government, 50 years after the end of the Nigeria-Biafra war. There are strong feelings that the bill could come up for…

Online payment, allocations of petroleum products’ll reduce crisis, traffic gridlocks

Leading analysts petroleum products marketing and distribution, Ademoroti Emmanuel, has called for change from depot payments and allocation to online payment of loading and dispatch of petroleum products. The idea according to him will among other things free the Apapa…

Transport

Ambode criminalises transport unionism in Oshodi as violence heightens

In a sweeping terse statement earlier on Monday, the Lagos State Government has banned transport unionism in Oshodi, one of the busiest informal sector catchment suburbs of the state that is close to the International Airport. Investigations by our correspondent…

Port concession agreement provides for periodic review, now long overdue— Haastrup

Chairman, Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, has doused speculations of fears making the rounds in the maritime industry that terminal operators are under tension over planned review of concessions. In an interview, she said port…

NPA rakes in $2bn from Onne Free Zone in six years – Umana

Managing Director of Oil and Gas Free Zones Authority (OGFZA), Umana Okon Umana, has revealed that the Federal Government, through the Nigerian Ports Authority (NPA) has raked in well over $2bn, about N611 billion as revenue from the operation of…

Ethiopian Airlines wins African Airline of the year back to back

Ethiopian Airlines has been named the African Airline of the year, 2016, in recognition of its continued rapid growth, increased profitability and outstanding contribution to aviation development in Africa. A statement by the airline on Monday in Abuja, disclosed that…

Photo News

Dangote, Emir of Kano, witness commissioning of Mosque donated by Dantata in Kano

L-r: Emir of Kano, Muhammadu Sanusi II,Kano State Deputy Governor, Prof. Hafees Abubakar,  President/CE, Dangote Industries Limited, Aliko Dangote, at the Commissioning ceremony of Danladi Nasidi Jumaurt Mosque Kano Donated by Hajiya Mariya Dantata  on Friday 2nd June 2017