Business Hilights

Tracking Nigeria's Headline Business News Online

Month: September 2017

Labour warns ahead of strike on Monday; expect no fuel, no electricity, others

After reviewing the very poor attention on their plea and warning strike, the United Labour Congress (ULC), has said all is set to commence a nationwide strike this weekend. The demands of the congress include as follows: “That the Federal…

FG orders probe of ex-heads of NIMASA, JAMB after praises

Barely 24 hours after the federal government hailed the performance of the Nigerian Maritime Administration and Safety Agency (NIMASA), over ready remittances to the Federal Government’s accounts since this year, the same government after the Federal Executive Council (FEC), relied…

NITDA pantami
ICT

NITDA ambushes MDAs on IT projects, seals partnership deal with EFCC

Barely 48 hours after it read the riot act to all Ministries, Departments and Agencies (MDAs), on the illegality of embarking on IT projects without recourse to it, the leadership of the National Information Technology Development Agency (NITDA), has played…

glo logo
ICT

Glo’s submarine cable backbone has deepened data revolution in Nigeria—FG

The federal government has once again, appreciated the courage of the Globacom Limited in driving down Glo-1 submarine cable backbone to Nigeria, saying the feat had reduced the cost of access to digital information in Nigeria. Explaining more during his…

‘Idle $100m cabotage fund, disservice to indigenous shipping companies’

Stakeholders’ in the nation’s maritime sector have decried the protracted silence and inactivity of the management of the Nigerian Maritime Administration and Safety Agency (NIMASA) in resuming the effective disbursement of the over $100 million Cabotage Vessel Finance Fund (CVFF)….

Another look at Elumelu’s observations on western thoughts about Africa

Recent outpouring of leading African entrepreneur and chairman of United Bank for Africa (UBA), Mr. Tony Elumelu is mind boggling and has presented a serious challenge African. At a gathering of senior policymakers and developments experts hosted by UK’s leading…

Apart from Aba, S’East deserves 3 more dry ports to meet demands—Senator

Former Minister of Aviation and Senator representing Anambra South, Princess Stella Oduah, has called on the federal government to consider additional three Dry Port scheme for the South East considering the surging growth of merchandise in the region. Speaking in…

How 5% freight levy on ships turned NIMASA to juicy agency for political appointees

More facts that lead to the recent trend in continuous appointment of politicians that had no industry experience in the Nigerian Maritime Administration and Safety Agency (NIMASA) have emerged. This may be the reason why the Ministry of Finance praised…

Again, NNPC makes U-Turn on planned sale to repairs of 3 refineries

A close surveillance on the official utterances of the Nigerian National Petroleum Corporation (NNPC) on its plans for the three ageing refineries since this has shown policy summersaults for three times. First was when the federal government planned to sale…

Nigeria lacks what it takes to resist oil cut if OPEC decides—Expert

A senior analysts on international oil politics, Dr. Kinsley Amodu has reacted to the statement credited to the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu in an interview with the Financial Times that the country was still suffering…