Business Hilights

Tracking Nigeria's Headline Business News Online

Month: August 2017

Why Uzodinma’s Joint Committee needs stakeholders’ support on N30tn trail

When the vociferous National Assembly Joint Committee on Customs, Excise and Tariff and Marine Transport, lead by Senator Hope Uzodinma fired the first shot on the Nigerian Ports Authority (NPA), over 282 vessels got missing from Nigerian seaports, many tongues…

For operating on one aircraft, NCAA downgrades First Nation to non-scheduled operator

The hammer of the Nigerian Civil Aviation Authority (NCAA), on Monday landed on First Nation Airways as it was downgraded from scheduled operations to a non scheduled operator after operating months with one aircraft which was seen as violating safety…

Dizengoff speeds off FG’s commercial farming, pumps in 50 units of CASE IH tractors

More indications of meeting the target of food sufficiency through mechanised farming in the country have emerged following the recent delivery of about 50 units of the 75HP CASE IH tractors to Tractor Service Provider (TSP) by Dizengoff Nigeria. Business…

Community youths occupying Shell platforms at heavy safety risk—Shell

The continued occupation of Royal Dutch Shell facility by hundreds of protesters from the Kula and Belema communities in Rivers state since August 11 has been described by Shell as the height of self inflicted risk. The company also revealed…

Sempra beats Warren Buffett’s Berkshire bid to seal Oncor buy over

Leading multinational, Sempra Energy on Monday reached a deal to acquire Oncor, a Texas energy distributor. This is coming after its bid surpassed that of Warren Buffett’s Berkshire Hathaway. According to the deal, San Diego-based Sempra Energy will pay $9.45bn…

Total plans to deepen industry stake, to buy Maersk Oil for $7.45bn

As part of its global industry consolidation plan, French oil giant Total said on Monday, that it would buy Maersk Oil, a unit of the Danish shipping giant A.P. Moller-Maersk, for $7.45 billion. Details from the company show that the…

Emeka Ojukwu with me after 2003 election in Daura, we agreed Nigeria shall remain one—Buhari

Key points in President Muhammadu Buhari’s address to the nation today, Monday August 21, 2017 which was terse, lasting barely less than four minutes include the following: Nigeria’s oneness remains nonnegotiable Hate speeches-a step too far and no more tolerable…

United States FAA begins 5-day IASA audit on NCAA today, Monday August 21

The United States (US) Federal Aviation Administration (FAA) will today, Monday, August 21, commence an assessment visit to the Nigerian Civil Aviation Authority (NCAA). The team will among other thing, be looking at the regulatory body’s capability to enact and…

Sectors, issues that suffered during Buhari’s 104-day medical vacation—BH Research

BACKGROUND: President Muhammadu Buhari jetted out of the country on Sunday, May 7, 2017 for medical reasons and ceremoniously returned on Saturday, August 19, 2017, making a total of 104 days out of office. However, in compliance with the provisions…

N30tn infractions: Dana group, 12 others risk Senate arrest warrant from today if…

Following the earlier owing up by 11 firms before the Senate Joint Committee on Customs, Excise and Tariff; and Marine Transport, two weeks ago, that their firms have one or two issues with the allegations of infractions leading to the…