Business
PEBEC Ranks BOI, NEPZA and others low in business facilitation
The top five performing MDAs during this period are the Nigerian Content Development and Monitoring Board (NCDMB) with (80.1%) score, followed by the Standards Organisation of Nigeria (SON) at (78.2%), and the Nigeria Agricultural Quarantine Service (NAQS) ranking third with (74.8%).
The Bank of Industry (BoI), Nigerian Export Processing Zones Authority (NEPZA) and the Nigerian Upstream Regulatory Commission (NUPRC) have been ranked low in business facilitation by the Presidential Business Enabling Environment Council (PEBEC) for the first half of 2024.
Dr. Jumoke Oduwole, Special Adviser to the President on PEBEC while presenting the report to the public in Abuja on Tuesday says MDA’s overall performance score is based on Efficiency and Transparency measures, with a 70% to 30% ratio, respectively.
Dr Oduwole said that the three agencies are among 11 agencies who could not score up to 50 per cent in business facilitation as enshrined by the Business Facilitation Act 2022.
The Business Facilitation Act (BFA 2022) says all MDAs must provide comprehensive information about its charges, timelines, terms, and prerequisites for obtaining permits, licenses, and approvals adding that the information should be readily available in their physical facilities, on official websites and through service portals.
A breakdown of the agencies who ranked loe.
Nigerian Export Processing Zones Authority (NEPZA) scored (48.3%), the Nigerian Upstream Regulatory Commission NUPRC (46.9%), the Nigerian Broadcasting Commission (34.7%) the Oil and Gas Free Zones Authority (30.1%) and the Bureau for Public Procurement (24.1%).
Others include Bank of Industry (23.7%), Joint Tax Board (23.1%), SERVICOM (15.6%) National Sugar Development Council (15.3%), Nigeria Airspace Management Agency (13.9%) and the least being Trademark Registry (9.6%).
Meanwhile, the top five performing MDAs during this period are the Nigerian Content Development and Monitoring Board (NCDMB) with (80.1%) score, followed by the Standards Organisation of Nigeria (SON) at (78.2%), and the Nigeria Agricultural Quarantine Service (NAQS) ranking third with (74.8%).
The Nigeria Electricity Regulatory Commission (NERC) and Nigeria Customs Services (NCS) secured the fourth and fifth positions, scoring (73.9%) and (73.2%), respectively.
Business
Enugu Air Begins London Gatwick flights From December 10, 2026
The Enugu State-owned airline will use an Airbus A330-200 leased from Portugal-based EuroAtlantic under an Aircraft, Crew, Maintenance and Insurance (ACMI) arrangement.
Enugu Air will begin direct flights to London Gatwick on December 10, 2026, with four services weekly.
Tickets are already available for booking.
The Enugu State-owned airline will use an Airbus A330-200 leased from Portugal-based EuroAtlantic under an Aircraft, Crew, Maintenance and Insurance (ACMI) arrangement.
The service is being delivered through a strategic partnership with Omni-Blu Aviation (OBA).
The airline said the service will improve international travel connectivity for passengers departing from Lagos, Enugu and other parts of Nigeria.
Passengers from Enugu will be able to begin their international journey to London from their home airport, Akanu Ibiam International Airport.
The four weekly flights are expected to give travellers greater flexibility between Nigeria and the United Kingdom.
Enugu Air Chief Executive Officer Captain Tolu Ita said: “The commencement of our London Gatwick service reflects our commitment to expanding international connectivity and the vision of His Excellency, Governor Peter Mbah, to connect Enugu to more opportunities across the world.”
He added: “Of particular importance is ensuring that passengers from Enugu can begin their international journey to London from their home airport, Akanu Ibiam International Airport. We are proud to make the journey from Enugu to London Gatwick a reality for our passengers.”
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Business
NNPCL wants to sell 10% equity via IPO on NGX, LSE
NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.
The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.
The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.
NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.
Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.
The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.
Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.
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