BUSINESS

Ending petrol subsidy extremely difficult but inevitable – MOMAN

Daily Dispatch August 26, 2022

Major Oil Marketers Association of Nigeria (MOMAN) says ending subsidy on Premium Motor Spirit (PMS) is extremely difficult but the Federal Government has no other option in light of current economic realities. MOMAN also called for massive investment by the government in various sectors such

BUSINESS

30,000 homes to benefit from government’s switch to LPG

Daily Dispatch August 26, 2022

Federal Government has set a plan to switch about 30,000,000 homes from the use of firewood, kerosene and other dirty fuels to Liquefied Petroleum Gas (LPG) to improve livelihood. The Senior Special Assistant to the President on LPG, Mr Dayo Adesina stated this during the opening Ceremony a- 2 day sensitisation campaign on National LPG Expansion Implementation […]

BUSINESS

Subsidy removal: FG needs to win trust of Nigerians, says TUC president

Daily Dispatch August 26, 2022

Mr. Festus Osifo, president, Trade Union Congress (TUC), says Nigerians are not averse to the removal of subsidy on Premium Motor Spirit (PMS) but waiting for the government to win their trust over the issue. Osifo spoke during a panel session at the Association of Energy Correspondents of Nigeria (NAEC) Strategic International Conference on Thursday […]

BUSINESS

Nigeria exports non-oil products worth $2.6bn first half of 2022 — NEPC

Daily Dispatch August 24, 2022

The Nigerian Export Promotion Council (NEPC), on Tuesday said that Nigeria exported over 4. 146 million metric tonnes of non-oil products, worth 2.593 billion dollars from January to June 2022. The Executive Director of NEPC, Dr Ezra Yakusak, said this while presenting the first half year 2022 progress report to newsmen in Abuja. According to […]

BUSINESS

FG completes Kaduna, Kano, Ibadan, Port Harcourt DISCOs takeover

Daily Dispatch August 23, 2022

The Federal Government has announced that it has successfully completed the takeover of struggling distribution companies, including Kaduna, Kano, Ibadan and Port Harcourt DISCOs The announcement was made by the Director-General of the Bureau of Public Enterprise, Mr Alex Okoh while briefing the National Council on Privatisation (NCP) chaired by Vice President Yemi

BUSINESS

FG engages CBN, others to facilitate release of $600m trapped foreign airlines funds

Daily Dispatch August 23, 2022

The Federal Government is currently engaging relevant authorities to ensure over $600 million of trapped foreign airlines’ funds are released. The relevant authorities include airlines the Central Bank of Nigeria (CBN) and many others. Minister of Information and Culture, Lai Mohammed, disclosed this during a tour of the newly constructed Terminal 2, Murtala Muhammed