Business Hilights

Tracking Nigeria's Headline Business News Online

Month: March 2019

Aiteo clarifies Nembe Creek inferno, says facilities shut down days earlier

Aiteo Eastern Exploration and Production Co., managers of 97km Nembe Creek Trunk Line (NCTL) has revealed that the March 2, explosion that occurred in the Niger Delta, within the vicinity of Nembe Creek Well 7, behind Mile 1 Community in…

36 presidential candidates lack locus standi asking Atiku not to challenge poll—Lawyer

…Seeks imposition of election withdrawal fee to end vote-trading A constitutional lawyer, Chief Attan Anyiam has voided the calls by a group known as Forum of Presidential Candidates and Political Parties for Good Governance (FPCPPGG) on the presidential candidate of…

(Special Report): Why pundits are reluctant to set agenda for Buhari’s 2nd term

Across the world, whenever a new administration or tenure turns up, several industry experts are approached to come up with strategic ideas that will help the government pilot the affairs of the people and economy. However, since President Muhammadu Buhari…

4g-lte
ICT

Nigeria ranks 75th out of 77 nations on quality of 4G networks—Report

Whereas other parts of the world are gearing up to 5G experience, new report by Network monitoring outfit, OpenSignal show that dearth of infrastructure and congestion are frustrating the Fourth Generation (4G) services user experience in many countries including Nigeria….

KONGA TRAVEL
ICT

Omni-channel operations stand Konga Travel out as first in industry

Konga has stepped up diversification of its product offerings with the launch of Konga Travel, a technology-driven, revolutionary travel booking agency to disrupt the Nigerian market with a suite of best-priced flight deals for all categories of air travellers. However,…

Energy Institute links withdrawal of $30bn LNG partners to political interference

More details have emerged on why the planned $20bn Brass LNG project in Bayelsa State and $9.8bn Olokola LNG project on the border town between Ogun and Ondo states initiated in 2003 and 2005 respectively, suffered lack of Final Investment…

Local investor, Osezua seeks industrial gas hub to end multiplicity of gas plants

Pioneer indigenous investor in gas processing and Chairman of Owel-linkso group, Engineer Charles Osezua has called on the Federal Government to develop an industrial gas hub that would bring all gas producers together, thus eliminating multiplicity of gas plants in…

Nigeria Air, new shipping line can’t fly in Buhari’s second term—Expert

Maritime and aviation industry experts have argued that considering the paucity of fund and poor coordination in the first and failed launch of national carriers in both air and shipping during the ending tenure, the second term of President Muhammadu…

Air Peace leads Arik, others in highest number of flights in 2018

Whereas the number of airline operators on domestic route increased from eight in 2017 to nine in 2018, latest figures from the Nigerian Civil Aviation Authority (NCAA) on number of flights carried out by local airlines presented Air Peace on…

N30bn interventions by Buhari to revive solid mineral sector poor—Sanni

President of Miners Association of Nigeria (MAN), Shehu Sanni has argued that the challenges of taking the nation’s iron and steel sector away from poor performance are beyond what the about N30bn so far sunk by the current administration can…