BUSINESS

FG approves OENPL’s take over of Ogboyega Coal Mines

Daily Dispatch February 8, 2022

 …To Generate Electricity With Coal From Mines The National Council on Privatisation (NCP) has granted approval to Orbit Exploration and Natural Products Limited (OENPL) to take over the mineral titles of Ogboyega North and South Coal Blocks, Mines number 769 & 772 ML from Western Metal

BUSINESS

FG proposed NIRSAL loan to ex Niger-Delta militants: Northern Youths kick

Daily Dispatch February 8, 2022

HE attention of the Northern Youths Council of Nigeria (NYCN) has been drawn to a viral report wherein it stated that the Federal government, through NIRSAL Micro Finance Bank PLC have concluded plans to dish out loans to 1,500 Ex Niger-Delta Militants to enable them start businesses of their choice. We are shocked that despite  […]

BUSINESS

FG delists Ikoyi Hotel, 2 others from BPE’s Monitoring

Daily Dispatch February 6, 2022

The National Council on Privatisation (NCP) has approved the delisting of three privatised enterprises from routine monitoring activities of the Bureau of Public Enterprises (BPE). The decision was taken after they had satisfied the Key Performance Indicators (KPIs) contained in the Share Sale and Purchase Agreements (SSAPs). Mr. Ibeh Chidi, Head, Public

BUSINESS

Dangote’s automobile company kickstarts vehicle assembly in Nigeria

Daily Dispatch February 3, 2022

Dangote Peugeot Automobile Nigerian limited (DPAN) jointly owned by Stellantis Group, the parent company of Peugeot, the Kano and Kaduna state government and Nigerian billionaire, Aliko Dangote through one of his subsidiaries Dangote Industries Limited has started the assembling of vehicles in Nigeria. The vehicles are being assembled at the new Greenfield Ultima Assembly

BUSINESS

DMO returns oversubscribed portion in 2021 Sovereign Sukuk to investors

Daily Dispatch February 3, 2022

The Director-General of the Debt Management Office (DMO), Patience Oniha, says the over subscribed portion of the N250 billion, 2021 Sovereign Sukuk, which attracted N865 billion, was returned to investors. Oniha made this known on Thursday, in Abuja, at a ceremony to present cheques to beneficiary-ministries of the Sukuk. The News Agency of Nigeria (NAN) […]

BUSINESS

Petroleum: Reps move to transfer assets of defunct NNPC to NNPC Ltd

Daily Dispatch February 3, 2022

The House of Representatives’ Ad-hoc Committee to ascertain total inventory, assets, interests and liabilities of the Nigeria National Petroleum Company Ltd says it will meet with the Chief Executive Officer (CEO) of the company. This is sequel to the Petroleum Industry Act (PIA) assented to by President Muhammadu Buhari. Rep. Kingsley Chima, Chairman of the […]