Business Hilights

Tracking Nigeria's Headline Business News Online

Month: October 2017

SPONSORED: Nigerian Content Development: Chevron’s Accomplishments, Commitment

As Nigeria progresses in its quest to acquire oil and gas technology and build indigenous capacity to service the oil and gas industry, International Oil Companies (IOCs) and other companies are expected to play an active role in Nigerian Content…

TCN completes repairs on collapsed grid system

Chances of lager part of the country remaining in darkness for too long have been cut short following early Monday completion of repairs at the nation’s grid system which got bad last week Thursday. The Transmission Company of Nigeria (TCN)…

Global transition to a low-carbon economy underway—Report

The latest report indicating that the global transition to low-carbon economy is underway has given credence to emerging worldwide reduction in the transition to renewable energy which means growing shift from use of petroleum products to solar. The implication is…

My take on Nigeria @ 57, By Prof Ben Nwabueze

Nigeria marked 57 years of Independence on October 1st, 2017 having gained self rule in same day in 1960. The object of re-structuring for which there is a widespread clamour among Nigerians, is not to break up the country or…

Goje, astute Port administrator now NPA image maker

After a recent administrative restructuring at the Nigerian Ports Authority (NPA) which reformed Public Affairs to Corporate and Strategic Communications Division, the pioneer head of the department, Alhaji Aliyu Abdullahi Goje, has assumed duties. Goje was the General Manager, Eastern…

Latest CBN’s PMI shows notable expansion in most sub-subsectors

Latest data on Purchasing Managers Index (PMI) report for September, released by the Central Bank of Nigeria (CBN) has revealed rising capacity expansion in most sub-subsectors of the economy. This therefore affirms Nigeria’s exit from recession. The Manufacturing and Non-Manufacturing…

Smuggling, forex, not local production reduced Rice imports by 88.4%

Though the Federal Government had announced that importation of rice into Nigeria dropped by 88.4 per cent in one year; investigations showed that it was not due to enough local production, but steady smuggling along the land borders. Federal Government…

Concrete, not asphalt best for Nigerian roads—-Dangote

In view of the level of sustainability and near zero maintenance cost on the road leading to Obajana Cement factory, the Group Executive Director, Strategy, Portfolio Development and Capital Projects, Dangote Industries Limited, Mr. Devakumar Edwin, has advised for use…

FG silent on sources of funding for 10 new rail lines

Even as the National Assembly is yet to grant official approval to the federal government’s request to borrow about $5.8bn from Chinese EXIMBank to fund Lagos to Kano standard gauge rail line, government has given fresh indication to embark on…

NAGAFF not aware of injunction stopping POF collection—Aniebonam

Leading maritime analyst, stakeholder and founder of National Association of Government Approved Freight Forwarders’ (NAGAFF), Dr. Boniface Aniebonam has claimed that his group was not aware of last week’s court injunction restraining the Minister of Transportation, Mr. Rotimi Amaechi and…