Business Hilights

Tracking Nigeria's Headline Business News Online

Month: October 2018

CVFF account: Minister says empty, NIMASA $124m, ship-owners claims $300m

Confusion is currently brewing within the nation’s maritime sector over the actual value of the Cabotage Vessel Finance Fund (CVFF), a two per cent contributory scheme instituted by law payable by indigenous ship-owners on every contract done in the nation’s…

Why Accra Airport displaced Nigerian airports as regional hub—Air Peace boss

Fresh insights have been given by the chairman of leading indigenous investor in aviation industry, Air Peace Limited, Mr. Allen Onyema. In an interview in a local TV Station monitored in Lagos, he said it is a struggle, but we…

Zambia avoids Nigeria, sends team to Ghana to learn Garri processing

Nigerian industry analysts are still confused on why upon the fact that Nigeria is the leading global producer of Cassava and garri, a Zambian trade delegation recently jumped the country and went to Ghana to learn about the garri processing…

FG’s body language weak in payment of N650bn debt—Oil marketers aver

Though the oil marketers’, under the aegis of Major Oil Marketers Association of Nigeria (MOMAN), had last week made another passionate appeal to the federal government demanding payment of N650 billion debt owed them, a top member of the group…

Delay in gas reform to cost Nigeria Africa50 support, investments

The President of Nigerian Gas Association (NGA), Mr. Dada Thomas, has decried that federal government’s delays in the release of Nigerian gas reform document will among other things deny the country access to multibillion naira industry support from Africa50 group….

Arrival of BBC Naples at new Dangote jetty assures early delivery of refinery

Recent safe arrival and berthing of the first ship, BBC Naples at the new Dangote Jetty carrying essential equipment for the ongoing construction work at the Dangote Refinery has signaled possibility of delivering the refining facility on schedule. Dangote Oil…