The Federal Competition and Consumer Protection Commission (the Commission) has said that previous Guidelines on Simplified Process for Foreign-to-Foreign Mergers with Nigerian Component is now replaced by the new Merger Review Framework. On Monday, November 23rd, 2020, the Commission issued the Merger Review Regulations (MRR) 2020 with ancillary instruments. The Merger...
The Nigeria Deposit Insurance Corporation (NDIC) has been described as the best parastatal in the country under the leadership of the Corporation’s outgoing MD/CE Umaru Ibrahim. The former Permanent Secretary, Ministry of Finance, Dr. Mahmoud Isa-Dutse said this during a special valedictory luncheon organised by the Alumni Association of the...
The International Association of Deposit Insurers (IADI) have commended the Nigeria Deposit Insurance Corporation (NDIC) for proposing the establishment of the African Center for Deposit Insurance (ACDI) to be domiciled in the NDIC Academy, Abuja to provide training and enhance the capacity for the staff of member countries on...
Minister of Works and Housing, Mr Babatunde Fashola has reiterated the commitment of the Federal Government to completing the ongoing reconstruction of the Abuja-Kaduna-Zaria-Kano dual carriageway. He stated this at the town hall meeting of stakeholders organised by the Federal Ministry of Works and Housing held in the Kaduna State...
Kwik Delivery and Total Nigeria Plc yesterday announced a partnership to develop an e-commerce fulfilment and delivery service in Nigeria. Kwik Delivery and Total Nigeria Plc will enable businesses to use TOTAL service stations as secure pickup locations of essential documents issued by the Corporate Affairs Commission to Nigerian businesses,...
The Federal Government of Nigeria and the Republic of Niger have on Thursday signed a Memorandum of Understanding (MoU) for petroleum products transportation and storage. Following bilateral agreements between Nigeria’s President Muhammadu Buhari and President Mahamadou Issoufou, talks have been on-going between two countries for over four months - through...
The Nigerian National Petroleum Corporation (NNPC) has reiterated its resolve to grow the nation’s hydrocarbon reserves to 40billion barrels through reinvigorated exploratory activities in the inland frontier basins across the country. Group Managing Director of the Corporation, Mallam Mele Kyari, stated this while delivering a goodwill message at the opening...
The Nigerian National Petroleum Corporation (NNPC) was the centre of attraction at the Nigerian Society of Engineers’ (NSE) fellowship award ceremony with the Corporation bagging a Special Recognition Award and seven of its staff, including the Chief Operating Officer, Upstream, Engr. Adokiye Tombomieye, conferred with the prestigious Fellowship award. The...
African Export-Import Bank (Afreximbank) has released the Afreximbank African Commodity Index (AACI) for Q3-2020. The AACI is a trade-weighted index designed to track the price performance of 13 different commodities of interest to Africa and the Bank on a quarterly basis. In its Q3-2020 reading, the composite index fell marginally by...
The Securities and Exchange Commission (SEC) has stated that the Federal and State Governments have the capabilities to unlock enormous potentials through privatisation. Director General of the SEC, Mr. Lamido Yuguda stated this on Tuesday at a Webinar organised by the Nigerian Stock Exchange (NSE), in collaboration with the Nigeria...