Business Hilights

Tracking Nigeria's Headline Business News Online

Month: October 2017

Intels still interested in Badagry deep seaport—Chariman

Just as the flying in of the global Chairman of Intels Nigeria Limited, Mr. Gabriele Volpi, to the country is fast tracking ongoing mediation between the company and the federal government though the Nigerian Port Authority (NPA) has assured that…

Shippers’ Council boss, Bello gives update on IDPs, TTP schemes

The Executive Secretary/CEO of the Nigerian Shippers’ Council (NSC), Barr Hassan Bello has given clear updates on the level of progress so far recorded by the regulator in the areas of Inland Dry Ports (IDPs) and Truck Transit Port (TTP),…

Single window driven by Customs, NPA coming before year end—Gaya

Just as Ghana Habours & Ports Authority achieved paperless port operations since September 5, this year, there are serious indications that Nigeria’s version will be live on or before the end of the year. The portal tagged as Nigeria Integrated…

What does rising oil price means for Nigeria?

As global oil prices inch towards $60, analysts have started weighing the real meaning to the economy that just exited recession. Whereas some see the rise as a good time for the economic management team deepen efforts at reviving the…

Shell’s $406.8m suit stalled by Judge’s absence in Lagos

…Agip suit also affected A suit filed by the Federal Government against Shell Western Supply and Trading Ltd over alleged crude oil shipment worth $406.8m to November 15, 2018 suffered attention on Monday due to absence of trial judge at…

With right policies, investors can grow power sector with FG—Iledare

President of the Nigerian Association for Energy Economics (NAEE), Prof. Wumi Iledare, has said that the Federal Government and the private sector could partner and pull resources together to grow the power sector if the right policies are put in…

Nick Ezeh, Lagos trade fair concessionaire not in Custody—EFCC

A senior official of the Economic and Financial Crimes Commission (EFCC) has confirmed that the chairman of Aulic Nigeria Limited, the concessionaire of Lagos International trade fair complex, Badagry Expressway, Prof Nick Ezeh, is not in its custody and warned…

Dangote hits 65% cement market share in Nigeria, ups Africa volume by 7.5%

Leading pan African cement manufacturer, Dangote Cement has grown Nigeria domestic cement market to 65 per cent and deepened other African plants’ volumes by 7.5 percent to 7.0 mta. The company has in the past months boosted continental operations across…

FinTech may strip control from central banks to telecoms regulators—Okere

A global trend capable of stripping the power of financial and monetary regulations from central banks of countries to their telecoms regulators is emerging. This was the submission of leading techprenuer and founder, CWG Plc., Mr. Austin Okere in his…

Iyaloja, others hail concessionaire’s exploits at Lagos Trade Fair complex

Concessionaire and core investor at the Lagos International Trade Fair complex, Badagry Expressway, Aulic Nigeria Limited has received commendations from many Nigerians including a Lagos lawmaker and current Iyaloja-General of Nigeria, Chief (Mrs.) Folashade Tinubu-Ojo. Addressing top officials of Aulic…