BUSINESS

Buhari approves N10billion for upgrade of Enugu International Airport

Daily Dispatch October 17, 2019

President Muhammadu Buhari has approved a sum of N10 billion intervention fund for the upgrade of Akanu Ibiam International Airport, Enugu. The president made the approval after the Minister of Aviation, Hadi Sirika, said the Enugu International airport would require N10 billion to be

BUSINESS

FG has no plan to remove fuel subsidy – Timipre Silva

Daily Dispatch October 17, 2019

The Minister of State for Petroleum, Mr. Timipre Silva on Thursday assured Nigerians that the Federal Government has no immediate plan to remove fuel subsidy. The minister made this known while fielding questions from legislators at a joint session of National Assembly Committees overseeing the oil sector. “This government is not about to remove subsidy […]

BUSINESS

Afam Electricity: NCP approves Transcorp Power as preferred bidder with N102.3billion

Daily Dispatch October 17, 2019

The National Council on Privatisation (NCP) has approved Transcorp Power Consortium as the preferred bidder for the Afam Electricity Generation Company (Afam Power Plc and Afam Three Fast Power Limited) with a bid price of N105.3bn (about US$343.6m) and Diamond Stripes Consortium as the reserve bidder with a price of N102.3bn. This was one of […]

BUSINESS

Presidential aide urges support for Buhari’s efforts

Daily Dispatch October 16, 2019

Princess Adejoke Orelope-Adefulire, the Senior Special Assistant to the President on Sustainable Development Goals, SSAP-SDGs has called for concerted efforts to eradicate poverty in the country. The Presidential aide, who said this in the statement she issued to mark the 17 October International Day for the Eradication of Poverty with the theme “Acting together to […]

BUSINESS

CBN: N98.82 million fake banknotes detected in 2018

Daily Dispatch October 16, 2019

The Central Bank of Nigeria on Wednesday said a total of 119,663 pieces of counterfeit notes with a nominal value of N98.82m was recorded in 2018. The bank said this in the Currency Operations 2018 Annual Report, posted on its website. The CBN said the figure indicated a decline of 1.30 percent in volume terms […]

BUSINESS

Six modula refineries to commence operations in Nigeria- Presidency

Daily Dispatch October 15, 2019

The Federal Government of Nigeria has issued licenses for six modular refineries to commence operations in the country. Senior Special Assistant to the President on Niger Delta Affairs, Mr Edobor Iyamu disclosed this in Uyo on Tuesday during a Dialogue on Critically Appraising Mechanisms Used To Transfer Benefits of Resource Extraction to the Niger Delta […]