BUSINESS

Barkindo: Global energy demand to rise by 352 mboe/d in 2045

Daily Dispatch February 28, 2022

The Organisation of the Petroleum Exporting Countries (OPEC) says the global energy demand is set to increase from 275 million barrels of oil equivalent a day (mboe/d) in 2020 to 352 mboe/d by 2045. Dr Mohammad Barkindo, OPEC Secretary-General, made this known on Monday in Abuja at the Fifth

BUSINESS

Dangote Cement wins Best Quality Brand Award in West Africa

Daily Dispatch February 27, 2022

For the umpteenth time, leading cement brand, the Dangote Cement has won the coveted West Africa’s Best Quality Cement Brand of the Decade award. The foremost cement manufacturer in Africa won the award with its novel Dangote 3X (42.5) brand. At the award presentation in Lagos organized by the Institute of Brand Management of Nigeria […]

BUSINESS

Buhari, el-Rufai, KADCCIMA extol Dangote at Trade Fair

Daily Dispatch February 27, 2022

Encouraged by his huge investments and philanthropic activities in the country, President Muhammadu Buhari and his host, the Governor of Kaduna State, have hailed the President of the Dangote Group, Alhaji Aliko Dangote. The duo spoke at the 43rd Kaduna International Trade Fair which was officially declared open by the President at the weekend. The […]

BUSINESS

NUPENG gives marketers 24hrs to revert to official price of petrol

Daily Dispatch February 26, 2022

The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has issued the petroleum products marketers 24 hours to revert to the official depots’ price of petrol or risk unpleasant consequences. NUPENG issued the warning on Saturday. In a statement signed by the Union’s President and General Secretary, Prince William Akporeha and Afolabi Olawale, respectively, […]

BUSINESS

‘No need for aggressive oil production’ – OPEC

Daily Dispatch February 23, 2022

There is no need for the Organisation of Petroleum Exporting Countries to be more aggressive in its production of crude oil, energy ministers of Nigeria and Iraq have said. Bloomberg reported on Tuesday that several biggest producers of OPEC and its allies want to continue to add 400,000 barrels of crude oil daily to the market […]

BUSINESS

Why Lagos-bound plane made air return —Dana Air

Daily Dispatch February 23, 2022

Dana Airlines Limited on Wednesday explained that its Lagos-bound flight from the Federal Capital Territory made an air return to Abuja due to bad weather. The airline’s spokesman, Kingsley Ezenwa, in a statement, said the passengers were later asked to disembark from the aircraft. The statement read, “Our flight 9J 336 from Abuja to Lagos […]