BUSINESS

WTO: Nigeria seeks exemption of small scale fishers from subsidies discipline

Daily Dispatch July 15, 2021

The Federal Government on Thursday called for the exemption of small scale and artisanal fishers from the scope of the fisheries subsidies discipline under negotiation at the World Trade Organisation (WTO) by member nations. Otunba Adeniyi Adebayo, Minister of Industry, Trade and Investment,

BUSINESS

Nigeria imported 20.60bn litres of petrol in 2019 – NEITI

Daily Dispatch July 14, 2021

The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria imported a total volume of 20.60 billion litres of Premium Motor Spirit (PMS), popularly known as Petrol, in 2019. This is contained in NEITI audit report on the Oil and Gas Sector 2019 released on Wednesday in Lagos. NEITI said the figure was three per cent […]

BUSINESS

Oil, Gas conference to solve challenges in energy transition, says NNPC

Daily Dispatch July 7, 2021

The Nigerian National Petroleum Corporation (NNPC) has expressed optimism that it would soon find a solution to the challenges of energy transition in the country. Chief Operating Officer (COO), Upstream, NNPC, Mr Adokiye Tombomieye said this on the sidelines of the ongoing Nigeria Oil and Gas (NOG) Conference in Abuja. Tombomieye said government and stakeholders […]

BUSINESS

Emefiele Pledges Better Deal for Nigerian SMEs

Daily Dispatch July 5, 2021

… Lists Policy Options for Growth of SME sector LAGOS – The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has pledged the Bank’s readiness to increase its development finance interventions to further support start-ups and Small and Medium Enterprises (SMEs) in the country. Mr. Emefiele made the pledge while delivering the 51st Convocation […]

BUSINESS

FG set to reactivate five power plants, says BPE

Daily Dispatch July 5, 2021

The Federal Government has assured prospective power investors that the five National Integrated Power Plants (NIPPs) put up for sale will go on as planned as the present administration is determined to resuscitate the plants for the much-needed power needs of the people. Director General of the Bureau of Public Enterprises (BPE), the agency superintendenting […]

BUSINESS

Insurance sector declines by 2.08% in Q1— NBS

Daily Dispatch July 2, 2021

A report by the National Bureau of Statistics has disclosed that insurance sector declined by 2.08 per cent in the first quarter of 2021. The NBS disclosed this in its latest Gross Domestic Product for the first quarter of 2021. The report indicated that the sector accounted for 12.45 per cent of the financial sector […]