Business Hilights

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Business Hilights

Nigeria has attained 70% Cabotage compliance level—NIMASA DG

Director General, Nigerian Maritime Administration and Safety Agency, (NIMASA), Dr. Peterside Dakuku has said that cabotage compliance level in the country has risen to 70 percent. The Inland and Coastal Shipping Act, otherwise known as the Cabotage Act, was enacted…

Reverse airport access gate charge now, NASS orders FAAN

In a motion that was unanimously supported and adopted yesterday, the House of Representatives, has urged the Federal Airports Authority of Nigeria (FAAN) to reverse its decision to increase access gate charge slated to commence on Saturday. The house also…

NIWA begs companies to take advantage of dredged River Niger

Lying idle for more than three years of dredging completion from Baro in Niger State to Warri in Delta State, the National Inland Waterways Authority (NIWA) has begun a campaign designed to encourage private sectors to invest in ferries and…

Oando Plc inks $115.8m Midstream deal with Helios

Leading indigenous player in the nation’s oil and gas industry, Oando Plc, has announced the execution of a definitive agreement with a vehicle owned by funds advised by Helios Investment Partners LLP (“Helios”), a premier Africa-focused private investment firm, to…

Ghana earns over $3bn from petroleum revenue in 4 years

Figures coming from Ghana have shown that between 2011 and 2015, the country earned $3.208 billion from petroleum revenue as it produced the 161.7 million barrels of crude oil. Though in 2015, highest number of barrels, 37.4 million was recorded,…

Africa now dumping ground for aged aircraft

Chief Executive Officer of South Africa’s Air Traffic Navigation Services, Thabani Mthiyane has said Africa has become a scrap yard for aircraft that have outlasted their utility in Europe. He called on leaders on the continent to assure their presence…

Influx of foreign trawlers into Niger Delta waters worries FG

Disturbed by the infiltration of unregistered foreign fishing trawler operators into the Nigerian territorial waters especially in the volatile Niger Delta region, the Federal Government has ordered the Nigerian Naval Command to investigate and stop the trend. The Federal Government,…

Buhari M
ICT

Job Seekers decry hanging challenges at logging for vacancies in MDAs

Barely two week to the end of the Federal Civil Service Commission online recruitment exercise, for unemployed Nigerians, many of the prospective job seekers in some parts of the country have reported inconveniences in accessing and sending filled forms online….

Dangote excited over Lagos sweet crude oil wells

Leading investor in Africa and Nigeria in particular, Dangote Group has once again lauded speed currently applied by the Lagos State Government in driving the recent discovery and resumption of oil exploration in the state. Speaking in his office during…

smile
ICT

SMILE bags 4G LTE African Quality Awards

Plaudits have continued to come the way of pace setting broadband service provider, Smile Communications Nigeria Limited following the reception of an award as the Best Premium Quality Super Fast 4GLTE Mobile Broadband Service Provider of The Year 2016. The…