Business Hilights

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Business Hilights

Minister Charges Africa on Ratification of Blue Economy Conventions

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has charged member states on the need to achieve full ratification and domestication of all relevant instruments. Oyetola who also doubles as the Vice Chairman of the Abuja MOU spoke at…

Just in: Nigeria’s Inflation jumps to 25.80% in August

Nigeria’s headline inflation increased further by 172bps to 25.80% y/y in August (July: 24.08% y/y). Similarly, on a month-on-month basis, headline inflation rose by 29bps to 3.18% (July: 2.89% m/m). Food inflation maintained its uptrend in August, rising by 236bps…

ICT

Concessioning of Onitsha River Port boost to Tinubu’s Blue Economy—NIWA MD

The successful concessioning of Onitsha River Port has been seen as one of the major boost to the current government’s drive to grow Blue Economy on one hand and a key achievement under by the National Inland Waterways Authority (NIWA)…

Collapsed National Power Grid big minus for Tinubu’s Indian $14bn pledge

—Power restored in some regions, but… Whereas the Transmission Company of Nigeria (TCN) has said that the national grid restoration nationwide has reached advanced stages even as some regions have started getting power supplies, industry analysts have decried the level…

Comptroller Nnadi to clean up Tin Can Island, push up Revenue Target

The new Controller of Tin Can Customs Command, Comptroller Dera Nnadi, who was redeployed from Nigeria Customs Service (NSC) SEME command has also promised to ensure that the Command revenue figures that stands at 52% will be raised in totality…

This is not the Soyinka I grew up knowing

By Eze Onyekpere Whose interest is Wole Soyinka protecting? The bare knuckles have been shown on two occasions. Now, he arrogates to himself the God head of knowing all the facts as to who won or who did not win…

Tinubu replaces Muhammad with Adedeji at FIRS with immediate effect

President Bola Tinubu has approved the appointment of Hon. Zacch  Adedeji as the new Acting Executive Chairman of the Federal Inland Revenue Service (FIRS). According to a statement by presidential spokesman, Ajuri Ngelale, on Thursday, the President has directed the…

Minister hails NCDMB on skill development project, seek early delivery

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has commended the Nigerian Content Development and Monitoring Board (NCDMB) for its intervention in the construction of the proposed Centre for Skills Development and Training (CSDT) at Omagwa, Ikwerre…

Sack tankers between Trade Fair Bridge and Abule-Ado—ASPMDA, TFSA cry out

The leadership of Lagos International Trade Fair Stakeholders Association (TFSA) has once again called on the Lagos State Governor, Mr. Babajide Sanwo-Olu and law enforcement agencies in the state to help remove petroleum tanker operators at least between the foot…

Fix St. Joseph-Alakija Link Road to free traffic from Lagos Trade Fair—Emechebe

The Executive President of the largest auto trading complex in sub-Saharan Africa, Auto Spare Parts and Machinery Dealers Association (ASPMDA), Hon. Ngozi Emechebe has cried on both the Amuwo-Odofin LGA and Governor Babajide Sanwo-Olu to grade the less than one…