Business Hilights

Tracking Nigeria's Headline Business News Online

Month: July 2022

APPO, NCDMB collaboration imminent

APPO Visits NCDMB, NOGaPs, Seeks Collaboration in Capacity Building A delegation from the African Petroleum Producers Organization (APPO) has paid a two-day study visit to the headquarters of the Nigerian Content Development and Monitoring Board (NCDMB). Part of the facilities…

Shippers’ Council remains Lead Port Regulator—FG

The Permanent Secretary, Federal Ministry of Transportation, Dr Magdalene Ajani,  has reiterated that the Nigerian Shippers’ Council (NSC) remained the only port economic regulator. Ajani made the pronouncement at the sensitisation seminar with the theme: “Promoting Competitiveness in the Maritime…

TinCan Island Port Customers Command rakes in N274.3bn in H1-22

The TinCan Island Port Customers Command has generated N274.32 billion in the first six months of 2022, an increase of 27.50 per cent when compared with N229.32 billion achieved in the corresponding period of 2021. Comptroller Olakunle Oloyede, command’s area…

Can NPA Intervene At AP Moller Terminal Now?

Strong indications are rife that any urgent intervention from the management of Nigerian Ports Authority (NPA), dockworkers in Lagos seaports appears set to truncate normal operations at the AP Moller Terminal (APMT). The marine workers angst against the foremost terminal…

ICT

CBN Issues the Risk-Based Cybersecurity Framework

Central Bank of Nigeria (CBN) recently issued the Risk-Based Cybersecurity Framework and Guidelines for Other Financial Institutions (OFIs) in Nigeria. OFIs consist of Development Finance Institutions (DFIs), Microfinance Banks (MFBs), Primary Mortgage Banks (PMBs) and Finance Companies (FCs). The Risk-Based…

AGBAZUERE, “A TRIBUNE LEGISLATOR IN WAITING”

Of a truth, he will be more interested in the issues affecting his constituency, than the ones that will bring him national fame and self-aggrandizement. Yes!, Believe it or not, he will always speak for and protects the interest of…

How fuel, forex scarcity, runway closure crippled our operations –AON

Airline Operators of Nigeria (AON) has said that the current JetA1, forex scarcity and the closure of domestic runway (18L) at Murtala Muhammed Airport (MMA), Lagos, has crippled their ability to continue operations. In a statement from its spokesperson, Obiora…

ICT

NCC Boss, now Council Member of NAE

The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has been elected to the Governing Council of the Nigerian Academy of Engineering (NAE), a step which signposts his outstanding role in…

Africa’s energy poverty unacceptable –Minister

Minister of State, Petroleum Resources, Mr Timipre Sylva, opened up, saying the level of energy poverty in Africa is frightening, amidst its huge petroleum and gas resources available on the continent. To this end, he has charged the Chief Executive…

CBN concluding tests on MTN Channel using the code *997##

The Central Bank of Nigeria (CBN) has revealed that it is about concluding tests with MTN Nigeria to provide a channel where the unbanked can on board using the code *997##. This is as it criticised commercial banks over its…