BUSINESS

Nigerians residing in UK top list of money senders —World Bank

Daily Dispatch December 18, 2018

Nigerians in the UK have emerged the highest senders of money to their home country with £3.27m being sent in 2017. According to a World Bank report, Nigeria was the top receiver of cash from the UK, followed by India, France and Pakistan, reports Daily Mail. This makes the UK the fourth

BUSINESS

Shell grows Bonga oil production to 800m barrels

Daily Dispatch December 18, 2018

Crude oil production from the deepwater asset of the Shell Nigeria Exploration and Production Company (SNEPCo), Bonga field, has reached over 800 million barrels. Shell’s Media Relations Manager, Bamidele Odugbesan, in a statement, said the feat was achieved in 13 years of production from the field. He added it confirms the oil giant as a […]

BUSINESS

Malabu Scam :Eni, Shell aware of corrupt payments, Judge rules

Daily Dispatch December 18, 2018

An Italian judge, Giusy Barbara, found out on Monday that Eni and Royal Dutch Shell were fully aware that their 2011 purchase of Nigeria’s Oil Prospecting Lease (OPL 245) would result in corrupt payments to Nigerian politicians and officials. Italy’s Eni and Shell bought the OPL 245 offshore field for about 1.3 billion dollars  from […]

BUSINESS

Subsidy: FG pays oil marketers, freezes interest on loan

Daily Dispatch December 17, 2018

Mr  Henry Ikem-Obih, Chief Operating Officer, Downstream, Nigerian National Petroleum Corporation (NNPC)  says the Federal Government has paid the agreed N236 billion as first tranche of the outstanding subsidy claims to oil marketers. Ikem-Obi, who disclosed this in an Interview with the News Agency of Nigeria (NAN) on Monday in Abuja, said that government, through the

BUSINESS

$48Billion Factory: NASS Backs Local Pipe Making And Coating Coys

Daily Dispatch December 17, 2018

The National Assembly is to back two major Nigerian companies in the business of pipe making and coating in the oil and gas industry in Nigeria. Disclosing this at the end of a day inspection visit to Solewant Nigeria Limited, a $48billion paint and cement pipe coating factory at Alode, Eleme in Rivers State, Senator […]

BUSINESS

Buhari to inaugurate new airport terminal Dec. 20

Daily Dispatch December 17, 2018

The newly-constructed international terminal at the Nnamdi Azikiwe International Airport in Abuja will be inaugurated by President Muhammadu Buhari on Thursday, an official  says. Mr Saleh Dunoma, the Managing Director of Federal Airports Authority of Nigeria (FAAN), told the News Agency of Nigeria (NAN)  on Monday in Abuja  that all requirements to make the facility […]