DISNL: Is it lack of reliable substitute or what that pitched NPA with convicted firm?
Getting to almost one year now, the issue of Nigerian Ports Authority (NPA) awarding channel dredging contract, worth $44.86 million for the dredging of the Delta Ports, Warri to a troubled Swiss firm, Dredging International Services Nigeria Limited (DISNL) has…
Set out 10% national budget for national ICT ecosystem development—Uwaje
Leading pioneer Information and Communications Technology (ICT) pundit, Mr Chris Uwaje has called on the federal government to set aside, 10 per cent of every national budget for the development of a national ICT ecosystem. Explaining issues on Thursday as…
Broadcasting should bridge ethno-cultural, religious divides for national devt—NBC
The Director General of National Broadcasting Commission (NBC), Mallam Is’haq Modibbo Kawu has revealed that broadcasting remains the strategic platform for bridging ethno-cultural and religious divides for the interest of national development. In his welcome address on Thursday while declaring…
NCDMB queries FG’s emphasis on rail along Iron/steel corridor without reviving plants
The Nigerian Content Development and Monitoring Board (NCDMB) has called on the Federal Government to revive the two steel plants in Ajaokuta, Kogi State and Aladja, Delta State, stressing that only the resolute revival of iron and steel plants can…
PIGB: 10% proposed for Petroleum Regulatory Commission too high—Presidency
More facts emerged Thursday on why President Muhammadu Buhari withheld his assent to the Petroleum Industry Governance Bill (PIGB). According to the Senior Special Assistant to the President on National Assembly matters, Senator Ita Enang, “One of the issues was…
Work towards merging Arik, Aero into Nigeria Air—Ojikutu tells FG
The Secretary General, Aviation Safety Round Table Initiative (ASRTI), Group Capt. John Ojikutu (rtd), has advised the federal government to consider merging the AMCON revived Arik Air and Aero Contractors into the unveiled new national carrier, Nigeria Air. Before his…
NNPC consolidates foothold on shipping business with ship refueling deals
As part of deepening business conglomerate, the Nigerian National Petroleum Corporation (NNPC) has unveiled plans to provide refueling services to ships and other ocean-going vessels via a new subsidiary. In a statement, spokesman of the Corporation, Mr Ndu Ughamadu, said…
Manufacturing remains key to economic growth, development—Dangote
Executive Director of the Dangote Group, Hajiya Halima Aliko-Dangote has urged millennials in Nigeria and across Africa to diversify from service-oriented enterprises to manufacturing and agriculture in a bid to fast-track the development of the continent and better life for…
Paystack raises $8 million in Series A funding to grow networks
Leading indigenous payment solutions provider, Paystack Group has announced with excitement, the raising of additional $8m in Series A funding. Making the disclosure, the chief executive, Mr. Shola said in a terse statement made available to Business Hilights that “I’m…
Just in: MTN contests CBN’s claims on abuse of extant laws, cites Senate clearance
…Affected 4 banks remain mute Following trended financial sanctions imposed on four banks and order by MTN to refund $8.1 billion to the Central Bank of Nigeria (CBN), the embattled telecoms giant, MTN Nigeria has brushed aside the claims of…
