Delayed Senate approval for $1.5bn loan holding back Lagos-Ibadan rail scheme
Had it been that the recent approval by the National Assembly for the government to go ahead and borrow $1.5bn for the delivery of the Lagos-Ibadan railway scheme, work would have gone far by now. This was the inference that…
Tracking Now: Finish your refinery before 2019-FG begs Dangote
…We’ll deliver the $18bn facility in 2019—Dangote The Federal Government on Monday afternoon, opened up to President of Dangot Industries, saying “it relies heavily on the Dangote refinery to fulfil its promise to Nigerians to end fuel importation by December…
Breaking: Minister tours Dangote refinery, Lekki, seeks early completion
Barely 24 hours after he hinted the desire of the federal government to quit further oil exploration and; three day he signaled plans to sell off two ‘commercially unviable’ refineries, the Minister of State for Petroleum, Dr. Ibe Kachukwu, on…
Why NIMC is yet to print, distribute ID cards registered since 2013 to date
Fresh reason on why the ongoing National Identity Management Commission’s (NIMC) drive to printout digital Identity Cards for millions of Nigerians who had registered since 2013 to date has continued to remain hopeless. Investigations by Business Hilights revealed high level…
Default of N8.94bn forces J/Berger, RCC to stop work on Lagos-Ibadan highway
Default in agreed payment schedule of about N8.9bn has caused the suspension of construction activities along the strategic Lagos-Ibadan Expressway by key contractors including Julius Berger Nigeria (JB) Plc and Reynolds Construction Company (RCC) Nigeria Limited. Before the halt, both…
Unity Bank seals MoU to grow GEEP initiative
The Chief Executive Officer of Unity Bank Plc, Mrs. Tomi Somefun, has said the successful signing of a Memorandum of Understanding (MoU) with the Bank of Industry (BoI), has opened way for the bank to drive Government Enterprise and Empowerment…
Business dev, germane innovations driving Fidelity Bank to new heights—Okonkwo
Chief Executive Officer of Fidelity Bank Plc., Mr. Nnamdi Okonkwo, who recently emerged Vice President of the Nigerian-British Chamber of Commerce (NBCC), has revealed the Midas touch pushing the bank to greater heights. Speaking in Lagos during the meeting of…
‘Stubbornly high cost of oil production forcing FG to rest exploration’ –Minister
“The country will have to halt oil production if the cost of producing the commodity remains stubbornly high. “For me, you rather leave the oil in the ground than produce at a cost that doesn’t make sense. So, cost is…
LCCI hails end of Customs check-points on highways, but…
The Director-General of Lagos Chamber of Commerce and Industry (LCCI), Mr. Muda Yusuf has commended the leadership of the Nigerian Customs Service (NCS) for keying in to the presidential drive for ease of doing business by dismantling Customs check-points on…
IAEA directs FG to establish nuclear safety legal framework before venture
For the avoidance of leakage of applications and digital materials to wrong hands, the International Atomic Energy Agency (IAEA)’s Integrated Regulatory Review Service (IRRS) team has presented a report, which directs Nigeria to establish a nuclear safety legal framework. The…
