BUSINESS

We caught some people re-bagging our rice as foreign brand –Coscharis

Daily Dispatch October 14, 2019

As scarcity of imported rice hits major Nigerian markets, Dr. Cosmas Maduka, President of Coscharis Group, has revealed that his company caught some dealers repackaging its locally grown Coscharis rice brand into foreign bags. Speaking in an interview with some national dailies, Maduka said

BUSINESS

Federal government insists Shell, Mobil, Chevron, others should pay $62 billion

Daily Dispatch October 14, 2019

The federal government has vowed to recover over $62 billion it claims as arrears of profits due it from 1998 under the production sharing contracts (PSCs) between the Nigerian National Petroleum Corporation (NNPC) and its joint venture partners. The international oil companies have taken the matter before the Federal High Court in Lagos and are […]

BUSINESS

Obaseki inspects Dangote’s Port, strategise on linkage with Benin River Port

Daily Dispatch October 14, 2019

By ABIODUN JIMOH Edo State Governor, Mr. Godwin Obaseki and President of Dangote Group, Alhaji Aliko Dangote, on Sunday, October 13, inspected ongoing work at the Dangote Jetty and Port operated by Dangote Group, on the Lekki axis of Lagos State. The port serves as an inspiration for the Benin River Port, being developed by […]

BUSINESS

₦5trillion AMCON debt must be recovered, says finance minister, BPP, ICPC

Daily Dispatch October 12, 2019

Minister of Finance, Mrs Zainab Shamsuna Ahmed has charged the management of Asset Management Corporation of Nigeria (AMCON) led by Mr. Ahmed Kuru, Managing Director/Chief Executive Officer to do everything with the powers of its newly amended Act to recover the huge debt owed the Corporation by a few individuals and organisations in the country. Similarly, […]

BUSINESS

Ekiti attracts over $100 million for airport, agric zone, others

Daily Dispatch October 12, 2019

Ekiti state government has said efforts are at top gears to attracts a whopping sum of $100 million to invest in some critical infrastructures that are key to accelerate the socio-economic development of the state. The State Commissioner for Information, Hon. Olumuyiwa Olumilua, made this known while addressing a press conference to herald the activities […]

BUSINESS

US-based Ogoni groups warn Rivers governor against acquisition of OML 11 from Shell

Daily Dispatch October 12, 2019

The National Union of Ogoni Students International USA, Ogoni Lives Matter INTL USA and Movement For The Survival of Ogoni People (MOSOP) USA, have warned Governor Nyesom Wike of Rivers State over his alleged plan to acquire 45% shares of OML 11 from Shell Oil Plc. The groups described the alleged planned acquisition as an […]