Introduction; Competition in Nigeria
Competition law 1 refers to a field of economic policy and laws dealing with monopoly and monopolistic practices 2. It is in essence, a set of rules and judicial decisions maintained by governments relating to agreements between firms that restrict competition and the concentration/abuse of market power by private firms 3. There have been a number of moves by the Nigerian government to set-up a Competition regulator for the country. Several Bills were introduced in the National Assembly over the years , This led to an open conversation on the hazardous effects of cartel monopolies and restrictive agreements on our economies. A number of those Bills were consolidated and passed by the Federal House of Representatives 4.... (read more)
News Bits
ICAO INAUGURATES TRAINING CENTRE AT MMIA
The International Civil Aviation Organisation (ICAO) has inaugurated the ICAO Aviation Security Training Centre (ASTC) at the Murtala Muhammed International Airport MMIA), Lagos. The request for the designation of FAAN AVSEC Training school as n ICAO Aviation Security Training Centre was made on June 8, 2017 after which an evaluation by ICAO was conducted in May 2018 by the Regional Security Officer for Western and Central African Office (WACAF)
The centre would be under the management of the Federal Airports Authority of Nigeria (FAAN), which received a Certificate of Recognition at a brief ceremony to mark the event at the weekend.
MORE AIRPORTS TO GET INTERNATIONAL CERTIFICATION NEXT YEAR
Following the certification of the Murtala Muhammed International Airport, Lagos and the Nnamdi Azikiwe International Airport, Abuja, more airports are set to be certified in 2019 by the Nigerian Civil Aviation Authority in line with the International Civil Aviation Organization (ICAO) safety standards. The certification of airport improves its safety and other ratings in the global aviation industry.
The Federal Airports Authority of Nigeria (FAAN)’s Training Centre, has been designated as a Global Training Centre of Airports Council International and has been inaugurated by the ICAO.
SEC LAUNCHES GREEN BONDS ISSUANCE RULES
The Securities and Exchange Commission (SEC) on Monday 3rd December officially launched the Green Bonds Issuance Rules to support the development of a Non-Sovereign Green Bond market in Nigeria. Green bonds were created to fund projects that have positive environmental and/or climate benefits.
Majority of the green bonds issued are green “use of proceeds” or asset-linked bonds. Proceeds from these bonds are earmarked for green projects but are backed by the issuer’s entire balance sheet.
Tenders News
1.
EXPRESSION OF INTEREST (EOI) FOR THE PROVISION OF VIRTUAL PRIVATE NETWORK BACKUP LINK AUTHORITY-WIDE
The Management of Nigerian Ports Authority (NPA) hereby wishes to notify bidders that participated in the earlier advertisement of this project which was published as Public Notice No. 4040 in the Guardian and Leadership newspapers as well as the Federal Tenders Journal of Monday, 16th October 2017 that due to insufficient competition, the procurement proceedings have been cancelled
Consequently, the Authority hereby invites reputable and competent Internet Service Providers (ISPs) to submit Expression of Interest documents for the Provision of Virtual Private Network Backup Link Authority-wide. This is consequent on the need to improve the network availability and uptime rate from the current 70% to 99.9%. To achieve this, one of the requirement is to have a redundancy of the existing link to all the locations across the country... (read more)
2.
EXPRESSION OF INTEREST (EOI)/INVITATION FOR PRE-QUALIFICATION & INVITATION TO TENDER FOR EXECUTION OF PROJECT BY NIGERIAN MARITIME ADMINISTRATION AND SAFETY AGENCY
The Nigerian Maritime Administration and Safety Agency (NIMASA), a Parastatal of the Federal Ministry of Transportation in compliance with the Public Procurement Act (PPA) 2007, invites reputable contractor/firms/ companies with proven records of accomplishment to express interest/tender for the under-listed projects appropriated in the Agency’s 2018...
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3.
REQUEST FOR EXPRESSION OF INTEREST EXECUTION OF PROJECTS BY SMALL AND MEDIUM ENTERPRISES DEVELOPMENT AGENCY OF NIGERIA
The Federal Government of Nigeria has earmarked funds for the execution of One Local Government One Product (OLOP)/GRANT/Conditional Grant Scheme (C.G.S) for Micro Enterprises by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). The projects aimed at providing defined support to Enterprises and cooperative societies across the country. Consequently Expression of interest is invited in the following two categories...
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4. REQUEST FOR EXPRESSION OF INTEREST EXECUTION OF PROJECTS BY NATIONAL COORDINATING OFFICE (NCO)
This request for expression of interest follows the General Procurement Notice (GPN) for the Agro-Processing, Productivity Enhancement and Livelihood Improvement Support Projects which appeared in This-Day Newspaper and Daily Trust Newspaper both of Monday, 3rd September, 2018.
The National Coordinating Office of Agro Processing, Productivity Enhancement and Livelihood Improvement Support Project (APPEALS) through the Federal Government of Nigeria has received a credit from the International Development Association (hereinafter referred to as IDA) Bank toward the financing the Project and it Intends to apply part of the proceeds of this credit to payments under contracts for the following Consultancy Services:
Development of Template for Value Chain Investment Plan, Conduct of Gender Survey, Conduct of Survey on Lesson Learnt from the Implementation of the CADP Women and Youth Empowerment Scheme in five States (Cross- River, Enugu, Kaduna, Kano & Lagos), Development of Flexible Accounting System for APPEALS...
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