Business Hilights

Tracking Nigeria's Headline Business News Online

Mr. Rotimi Amaechi

Electrocuted Amaechi’s CSO: Between hotels, homes and water heating unit

When the fake new first broke that the Chief Security Officer (CSO) of the Minister of Transportation, Mr Rotimi Amaechi, addressed as Mr Tony Iwelu, was killed in a failed kidnap attempt on the Minister in Kaduna, near Rigasa train…

NIMASA can’t speak on national fleet, only serving Minister can decide—Expert

Since the Director General of NIMASA, Dr. Dakuku Peterside addressed a media breakfast meeting on the sideline of the ongoing Nor Shipping Conference and Exhibition in Oslo, Norway, saying arrangements are nearing conclusion on floating of new national shipping line,…

Humongous contract differential in rail construction: Amaechi may be questioned

The rising anger over possible official bleeding of the ailing economy in the way and manner former Minister of Transportation, Mr Rotimi Amaechi, had handled all contractual pricing rounds and agreements on railway reconstructions may spark off erosion of public…

Nigerian shippers’ mock NIMASA DG over assurance on disbursing CVFF

More outrages are still pouring out from major players in Nigeria’s local shipping circle following weekend’s comment by the Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside. Business Hilights recalls that on Sunday, May 26, in…

Nondisclosure of Chinese loans on rail projects lands Minister in Court

Considering the endless access to Chinese loans by the Federal Government to fund railway schemes which had been skewed to only Lagos-Western Nigeria to North Central axis since the beginning of the current administration, leading non-governmental organisation, Centre for Social…

Can Amaechi’s HSLi contract stand with Piracy & Other Maritime Offences Bill?

At the height of the controversy surrounding the executive fiat with which the Federal Government sealed a $195m maritime security contract with an Israeli firm, Messrs HLSI Security Systems & Technologies, the presidency sent an executive bill, Suppression of Piracy…

GE exited transportation business to concentrate on power, technology

…Transnet may review terms and conditions for Nigeria railway deal Fresh details have emerged on why the leader of the consortium driving reforms in the nation’s railway sector, General Electric (GE) pulled out and handed over consortium leadership to South…

FG may not deliver three speed rail line projects due to funding gap—Minister

Chances of the current administration to deliver the ongoing three key major railway projects including Lagos to Kano, Lagos to Calabar and Port Harcourt to Maiduguri look very slim as government has said it is looking for ($46b) N16.56tr for…

Air Namibia unveils Windhoek-Lagos-Accra flight to tap from Ghana regional hub

No doubt, several African airlines have started linking up to the risen aviation hub status of Kotoka International Airport in Accra, Ghana. Recent occurrences’ have shown that the international status of Kotoka Airport has surpassed those of Abuja, Lagos, Dakar…

Navy’s absence stalls Reps probe of $195m waterways security to Israeli firm

Absence of uninvited naval chiefs to the public hearing on the ceding of the Nigeria’s waterways security to an Israeli firm on Thursday, forced the House of Representatives Committee on Public petitions probing the planned $195m contract to adjourn seating….