BUSINESS

PTF on COVID-19 asks FAAN, airline operating to begin process of restarting Int’l flights

Daily Dispatch August 6, 2020

The Presidential Task Force on COVID-19 has asked the aviation authorities and airline operators to begin the process for the restart of international flights. With the reopening of domestic airports for local flights in July after about four months of closure due to the coronavirus pandemic,

BUSINESS

NNPC Signs $1.5bn Export Finance Facility

Daily Dispatch August 6, 2020

Nigerian National Petroleum Corporation (NNPC) and its upstream Nigerian Petroleum Development Co. (NPDC) unit have sealed a $1.5 billion export finance facility deal with United Bank for Africa (UBA) and other financial institutions. UBA will provide $200 million of the amount, in naira. The total $1.5bn will be provided in two tranches. The first $1bn […]

BUSINESS

NNPC records 43% drop in oil pipeline vandalism in May — Report

Daily Dispatch August 5, 2020

The Nigerian National Petroleum Corporation (NNPC), says it  recorded 43 per cent drop in cases of damage to its oil pipeline infrastructure by suspected oil thieves in May, 2020. The corporation disclosed this in its Monthly Financial and Operation Report (MFOR), released in Abuja, on Wednesday. The report indicated that 37 pipeline points were vandalised, […]

BUSINESS

Dollar slips after political wrangling slows rally

Daily Dispatch August 4, 2020

A dollar rebound faltered on Tuesday as political wrangling over a U.S. relief plan and the gloomy outlook weighed on the currency. After its worst month in a decade in July, the greenback started August on a firm note as some investors trimmed their short positions. That only carried it so far, and the dollar […]

BUSINESS

Excitement As More Winners Emerge In Dangote Cement Promo

Daily Dispatch August 2, 2020

The on-going Dangote ‘Bag of Goodies Season 2 Consumer Promo’ has triggered excitement in the country as more winners continue to emerge, winning millions of Naira, goodies bags, recharge cards and several others mouthwatering prizes. Just last week, the company sent credit alerts of One Million Naira each to the first three winners to emerge […]

BUSINESS INTERNATIONAL NEWS

Tanzania Bans Kenya Airways As Coronavirus Spat Escalates

Daily Dispatch August 1, 2020

By AFP Tanzania banned Kenya’s national airline from entering the country effective Saturday, in the latest move in a deepening row triggered by Tanzania’s controversial handling of the coronavirus pandemic. Tanzania said Kenya Airways flights were being banned “on a reciprocal basis” after Kenya decided against including Tanzania in a list of countries whose