Business

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 [...]

Labour threatens to shut CAC

The Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employees, AUPCTRE, has vowed to shut down the headquarters of the Corporate Affairs Commission, CAC, from January 21, 2021 following the expiration of a 21-day ultimatum issued to the management of the com [...]

TCN transmits all-time peak of 5,552.80MW

The Transmission Company of Nigeria, TCN, says it has successfully transmitted an enhanced all-time peak of 5,552.80 Mega Watts, MW, on Wednesday at 8.15 pm.

TCN’s General Manager, Public Affairs, Mrs. Ndidi Mbah, in a statement in Abuja, said that this latest all-time peak [...]

Oil: NNPC pledges to bring down cost of production

Again, the Nigerian National Petroleum Corporation, NNPC, has pledged to bring down the unit cost of oil production in the country to $10 per barrel, so as to remain competitive in the Industry and deliver value to all Nigerians.