Business

FG approves Siemens’ 25,000MW electricity expansion contract

The Federal Government has approved Siemens’ pre-engineering contract to commence work on the significant expansion of Nigeria’s electricity transmission and distribution network and also generation capacity.

 

Siemens disclosed this in a statement, explaining that [...]

Sun, 02 August 2020


NIPC profiles investment advantages of states

Nigerian Investment Promotion Commission, NIPC, says it will publish on its website, the "Book of States", which profiles the competitive advantages and key investment prospects of each State in Nigeria.

 

Executive Secretary of NIPC, Ms Yewande Sadiku, made this known dur [...]

Sun, 02 August 2020


CAC to deliver certificates to clients at door-step

The Corporate Affairs Commission, CAC, says it has commenced a new policy that will allow it to deliver pre-incorporation certificates directly to customers through designated courier companies.

 

Registrar General of CAC, Garba Abubakar, who made this known at a press briefing [...]

Sun, 02 August 2020


Alleged oil theft: NNPC orders legal action against Mexican syndicate

A Mexican company at the centre of a controversial whistleblower testimony alleging 48 million barrels of crude oil theft, SAMANO SA DE CV, is in for legal trouble with the Nigerian National Petroleum Corporation, NNPC.

 

The corporation, in a statement on Thursday, instructed its C [...]

Sun, 02 August 2020


Covid-19: policemen disrupt FCT mobile court for arraigning colleagues

Some men of the Nigerian Police Force were recently said to have disrupted a court proceeding at an FCT Mobile Court, over the arrest and trial of their colleagues.

 

The officers allegedly stormed the court in Dei-Dei, and shot sporadically into the air to disperse the sitting set [...]

Sun, 26 July 2020


Regulators trade blame as killer fuels dominate oil business

While various scientific research results have linked annual deaths of more than 100,000 Nigerians to air pollution, partly caused by the dirty fuel imported into the country by commodity dealers, the various regulatory bodies saddled with the responsibility of ensuring [...]

Sun, 26 July 2020


CBN issues guidelines for 11 non-interest schemes

The Central Bank of Nigeria, CBN, has issued guidelines for its bouquet of 11 non-interest financial schemes.

 

The apex bank, in a circular to all non-interest financial institutions signed by its Director of Financial Policy and Regulation Department, Kevin Amugo, said the move wa [...]

Sun, 26 July 2020


Tank farms: NNPC not opposed to Lagos communities’ concerns- Kyari

The Nigerian National Petroleum Corporation, NNPC, says it is not opposed to concerns expressed by communities along Ijegun, Kirikiri areas in Lagos and other parts of the country where the tank farms are located.

 

Group Managing Director of the corporation, Mallam Mele Kyari, stat [...]

Sun, 26 July 2020


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