Business

Seplat’s head office reopens as court suspends sealing order

An indigenous oil firm, Seplat, says it is reopening its head office in Lagos following a decision of the Court of Appeal which suspended an earlier court order sealing it.

Seplat, in a statement, said the Appeal Court sitting in Lagos suspended the Order of Interlocutory Injunctions earlier is [...]

FG woos French companies to invest in Nigeria

Nigeria’s Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, has called on French companies to leverage on investment opportunities in Nigeria to invest in the country.

Adebayo, who disclosed this during a recent working visit of the French Ambassador to Nigeria, Amb. Jar [...]

NEPZA hails N1.5bn investment in Kano FTZ

The Nigeria Export Processing Zones Authority, NEPZA, has praised the N1.5 billion investment into the Kano Free Trade Zone by Sunbelt Free Zone Enterprise.

Managing Director of NEPZA, Prof. Adesoji Adesugba, said the investment is an offshoot of sustained intervention by the Federal Government [...]

Martins-Kuye, former minister of commerce, dies at 78

A former minister of commerce and industry, Jubril Martins-Kuye, is dead.

Mr Martins-Kuye died on Sunday morning at his hometown, Ago-Iwoye in Ogun State.

His death was confirmed by the Chief Press Secretary to Governor Dapo Abiodun, Kunle Somorin.

The politician, born on August 1 [...]

NNPC restates commitment to OPEC+ agreement

The Nigerian National Petroleum Corporation, NNPC, has reiterated its commitment to abide by the output cut agreement of the Organization of the Petroleum Exporting Countries, OPEC, and its allies aimed at stabilizing the global oil market.

Group Managing Director of NNPC, Mallam Mele Kyari, st [...]

CAC issues over 30,000 registration certificates to MSMEs

The Corporate Affairs Commission, CAC, says it has so far issued business registration certificates to over 30,000 Micro, Small and Medium Enterprises, MSMEs, under the Federal Government Survival Fund Scheme.

CAC's Registrar General, Garba Abubakar, who made this known on Monday in Abuja, [...]

Nigeria’s inflation rises to 15.75%

Nigeria’s inflation increased by 15.75 per cent, year-on-year, in December 2020 from 14.89 per cent reported in November 2020.

A consumer price index, CPI, report released by the National Bureau of Statistics, NBS, said the figure represents about 0.86 per cent points higher than the rate [...]

96 firms bid for repair of NNPC pipelines, others

At least ninety-six reputable firms from various jurisdictions have indicated interest in the rehabilitation of the Nigerian National Petroleum Corporation’s downstream infrastructure, ranging from critical pipelines, depots and terminals.

The repairs which would be carried out through th [...]