Business Hilights

Tracking Nigeria's Headline Business News Online

Month: December 2022

Take, Invest what’s available and battle for more, Jamoh tells SOAN Members

The Nigerian Maritime Administration and Safety Agency (NIMASA) has assured that Government would entrench a regime of financial and monetary incentives, in a bold bid to ensure that shipping thrives, in the country. The NIMASA Director General, Dr. Bashir Jamoh…

ICT

A Minister’s quest and balkanization of the NCC

By Sonny Aragba-Akpore After reading and re-reading Joseph Conrad,s Heart of Darkness,searching for the fate that awaits telecommunications regulator,the Nigerian Communications Commission (NCC) is not difficult to decipher. For reasons left to our imaginations but well choreographed by Communication &…

NCDMB Commissions Hydroserve Facilities, hails Corporate Growth

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote recently performed the commissioning of Hydroserve Oil Services Limited’s workshop and operational base in Rivers State, with high praise for the company’s growth trajectory…

How deregulation confusion is using LPG, Kerosene to kill Nigerians

The inability of the Federal Government to take a definite business decision in oil and gas even in the so called presence of Petroleum Industry Act (PIA) has continued to create havoc for the domestic economy. According to the passed…

Nigerians kick as Third Party vehicle insurance jumps to N15, 000 from N5, 000

The National Insurance Commission (NAICOM) has raised Third Party insurance cover for motorists from N5, 000 to N15, 000 yearly with effect from January 2023. The approval is contained in a circular: NAICOM/DPR/CIR/46/2022 addressed to insurance companies and dated Dec….

NCDMB: Laser Engineering Establishes Laboratories For Testing, Quality Control

As part of efforts by the Nigerian Content Development and Monitoring Board, (NCDMB) to increase indigenous capacities, capabilities and competencies in the oil and gas industry, the Executive Secretary, Engr. Simbo Kesiye Wabote recently commissioned a block of Quality Control…

Zungeru Hydroelectric Power Plant getting ready, but…

Sino Hydroelectric Power Project completes the installation of the final turbine of the 700 Megawatts Zungeru Hydroelectric Power Plant in Niger State. The ₦540 billion plant has four turbines with each contributing 175 Megawatts. With this development, Niger State now…

ICT

Why NBA, CPN, others reject proposed NITDA Bill 2021 in its entirety

Massive rejections have faced the recent move by the National Assembly to hurriedly pass the proposed NITDA Amendment Bill 2021into law. Recall that while many Nigerians are concerned with activities to roundup the year, a public notice by the Joint…

Shell Agrees To Pay €15m Compensation To farmers for oil leaks

Dutch oil conglomerate, Shell has accepted to pay €15 million compensation to three Nigerian farmers and their villages in Niger Delta. The farmers with the help of the Friends of the Earth, Netherlands, and two Nigerian lawyers, Chima Williams and…

FEC Approves 3 PPP Projects for NIMASA, targets $1.1bn revenue

The Federal Executive Council (FEC) has approved three Public Private Partnership (PPP) Projects to be executed by the Nigerian Maritime Administration and Safety Agency (NIMASA). Mrs. Manji Yarling, Acting Head, Media and Publicity, Infrastructure Concession Regulatory Commission (ICRC), confirmed this,…