Business Hilights

Tracking Nigeria's Headline Business News Online

Transport

Customs eases Import Process, removes 25% fine on improperly imported cars

The Nigeria Customs Service (NCS), under the directives of the Honourable Minister of Finance and Coordinating Minister of the Economy, has initiated a 90-day window, effective from 4th March 2024 to 5th July 2024, for the regularisation of import duties…

Mobereola Assumes Duty At NIMASA, Pledges Purposeful Leadership

After more than one week of absence, the newly appointed Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dayo Mobereola Friday assumed duties assuring that the Agency’s Management under his leadership will build a purpose driven…

The Difference between Blue, Red Lines Rail Explained

In urban rail transportation, there are two major kinds of train and associated infrastructures. There is the Blue Line which relies on electricity and the Red Line which drives on Diesel engine. In Lagos, Business Hilights reports that the Blue…

Lagos-Ibadan Railway Scheme Hits 1,000 days in operation

The Lagos–Ibadan Railway scheme this week, hit 1000 days of safe operations. Standing as the longest standard-gauge railway in Africa, the Lagos–Ibadan Railway spans 163.31 km with a 150 km/h top speed. It has served over 2 million passengers, with…

Where’s Dr Dayo Mobereola, new DG of NIMASA 7 days on?

By Citizen Innocent Orok Today 19th March, 2024 makes a week (7 days), since President Bola Ahmed Tinubu, through  Chief Ajuri Ngelale, his Special Adviser on Media and Publicity announced the appointment of Dr Dayo Mobereola as the new Director…

Just in: Why NIMASA was silent on Subsea cable cuts

Whereas the Nigerian Communications Commission (NCC), the lead telecoms regulator has announced the restoration of cut subsea cables and allied services up to 90 percent across the federation, the Nigerian Maritime Administration and Safety Agency (NIMASA) has claimed that it…

Kebbi Customs Command reopens Kamba Border, build synergy with sister agencies

The Customs Area Controller (CAC), Kebbi Command,  Comptroller Iheanacho Ernest Ojike  has reopened Kamba Border for international trade as directed by Comptroller General of Customs, Bashir Adewale Adeniyi. Addressing media executives during the border reopening alongside district head of Kamba,…

Tin Can Customs Command Seeks Gov., stakeholders’ Support in free Port Access Road

The recent clearance of articulated vehicles lining the ever busy Mile 2 to Tin Can Port via a joint effort of the State Governor, Nigerian Ports Authority (NPA), Tin Can Customs Command and other stakeholders has been commended by the…

Tin Can Island Port Customs Surpasses Target, Hits N240.3bn in 2 months 14 days

The Customs Area Controller (CAC) of Tin Can Port Customs Command, Mr. Dera Nnadi has announced the generation of over N240.3bn between January and March 14, 2024, saying the feat means that the Command has surpassed set revenue generation target…

Pioneer LAMATA MD Now NIMASA DG

President Bola Tinubu has approved the appointment of Dr. Dayo Mobereola to serve as the Director-General of the Nigerian Maritime Administration and Safety Agency,NIMASA for a renewable term of four years. The appointment follows the exit of Mr. Bashir Jamoh,…