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BUSINESS

The Corporate Affairs Commission Sunday stated that following the successful deployment of an end-to-end registration module

The Corporate Affairs Commission Sunday stated that following the successful deployment of an end-to-end registration module, it was now prioritizing the reduction of the registration circle for new companies to just three hours before the end of year 2021. Registrar-General of the commission, Garba Ababukar, gave the indication at a dinner in honour of the Chairman, Governing Board, CAC and Nigerian Ambassador Designate to the Kingdom of Spain, Ademola Seriki. […]

todayApril 12, 2021 6

BUSINESS

The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 0.13 per cent to close the week at 38,866.39 and N20.33tn respectively.

The Nigerian Stock Exchange All-Share Index and market capitalisation depreciated by 0.13 per cent to close the week at 38,866.39 and N20.33tn respectively. All other indices finished lower with the exception of NSE Premium, NSE MERI Growth, NSE Consumer nGoods, NSE Lotus II and NSE Growth Index which appreciated by 0.62 per cent, 0.28 per cent, 1.12 per cent, 1.11 per cent and 0.62 per cent while the NSE ASeM […]

todayApril 12, 2021 4

BUSINESS

THE Organisation of Petroleum Exporting Countries, OPEC, has predicted that the Non-OPEC oil supply will grow by one million barrels per day in 2021.

THE Organisation of Petroleum Exporting Countries, OPEC, has predicted that the Non-OPEC oil supply will grow by one million barrels per day in 2021. Speaking at the International Monetary and Financial Committee Meeting via videoconference, OPEC Secretary General, Mohammad Barkindo, said the global economy and, consequently, the global oil market have started to emerge from the severe crisis, caused by the Coronavirus pandemic. He noted that in 2020, countries around […]

todayApril 9, 2021 5

BUSINESS

The Nigerian National Petroleum Corporation on Thursday announced plans to resume active oil exploration in Sokoto Basin.

The Nigerian National Petroleum Corporation on Thursday announced plans to resume active oil exploration in Sokoto Basin. A statement issued in Abuja on Thursday by NNPC spokesperson, Kennie Obateru, said the corporation’s Group Managing Director, Mele Kyari, said exploration for crude would resume in the Sokoto Basin. The statement said Kyari disclosed this while receiving the Governor of Kebbi State, Atiku Bagudu, who paid him a courtesy visit in his […]

todayApril 9, 2021 11

BUSINESS

The Central Bank of Nigeria on Thursday said it got orders from the Federal High Court, Abuja division, to freeze 194 bank accounts belonging to firms and Bureaux de Change to enable it to conduct investigations into suspicious activities.

The Central Bank of Nigeria on Thursday said it got orders from the Federal High Court, Abuja division, to freeze 194 bank accounts belonging to firms and Bureaux de Change to enable it to conduct investigations into suspicious activities. The CBN disclosed this in three separate documents on its website. In one of the documents, the CBN said it got an order to freeze 60 bank accounts of Bluebeam Capital […]

todayApril 9, 2021 5

BUSINESS

Curbing Smuggling Of Petroleum Products In Nigeria

Amid the continued smuggling of petroleum products out of the country to neighboring countries including Cameroun, the Nigeria Customs Service has said its restriction of fuel supply along borders is being opposed by communities and marketers. It was reported on March 29th that the supply of petrol by the Nigerian National Petroleum Corporation, which is the sole importer of the product into the country, had risen above the pre-COVID-19 levels, […]

todayApril 8, 2021 11

BUSINESS

The President of the World Bank Group, David Malpass has said the group is working actively in collaboration with the International Monetary Fund on the common framework that the G20 established for dealing with debt overhang and debt burdens.

The President of the World Bank Group, David Malpass has said the group is working actively in collaboration with the International Monetary Fund on the common framework that the G20 established for dealing with debt overhang and debt burdens.   He said this while responding to questions at the press conference at the 2021 spring meeting on Wednesday.   He noted that many of the middle-income countries had access problems […]

todayApril 8, 2021 1

BUSINESS

The Nigerian National Petroleum Corporation has officially signed the contract with Tecnimont SPA for the $1.5bn rehabilitation programme of the Port Harcourt Refining Company.

The Nigerian National Petroleum Corporation has officially signed the contract with Tecnimont SPA for the $1.5bn rehabilitation programme of the Port Harcourt Refining Company. Parties in the agreement also announced the commencement of the project following the signing of the contract at the headquarters of the corporation in Abuja. At the virtual contract signing event, the Group Managing Director, NNPC, Mele Kyari, explained that the agreement was basically between PHRC […]

todayApril 7, 2021 10

BUSINESS

International flight operations resumed at the Malam Aminu Kano International Airport on Tuesday after over one year of its closure due to COVID-19 pandemic.

International flight operations resumed at the Malam Aminu Kano International Airport on Tuesday after over one year of its closure due to COVID-19 pandemic. The Minister of Aviation, Hadi Sirika, had in March said the Mallam Aminu Kano International Airport would be reopened for international flights on April 5th. The Minister also said the Port Harcourt and Enugu airports would be reopened for international flights. The Ethiopia Airlines plane with […]

todayApril 7, 2021 6

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