BUSINESS

NNPC discovers oil in Gongola Basin

Daily Dispatch October 11, 2019

The Nigerian National Petroleum Corporation on Friday announced the discovery of hydrocarbon deposits in the Kolmani River II Well on the Upper Benue Trough, Gongola Basin, in the North-Eastern part of the country. Recall that drilling of the Kolmani River II Well was inaugurated by President

BUSINESS

World Bank earmarks N500 million for 50 Borno communities affected by Boko Haram

Daily Dispatch October 11, 2019

The World Bank-assisted Community and Social Development Programme has earmarked N500 million for provision of support to 50 communities affected by Boko Haram insurgents in Borno. Alhaji Chiroma Usman, the CSDP programme manager, disclosed this at a two-day training of community and group management committees for the projects on Friday in Maiduguri. Usman said that […]

BUSINESS

NBS: States record N691 billion IGR in six months

Daily Dispatch October 11, 2019

Within a six months period covering January to June this year, the 36 states and the Federal Capital Territory generated the sum of N691.11bn as internally generated revenue. The figure is contained in the second quarter IGR report released on Friday by the National Bureau of Statistics. The report explained that the N691.11bn represents an […]

BUSINESS

Bode George slams Zenith bank, Dangote, Globacom for placing adverts on CNN, describes such as shameless

Daily Dispatch October 10, 2019

Owners and managers of Nigeria-domiciled companies whose products and services are meant for Nigerian consumption but are being advertised on expensive foreign media such as CNN and others have been described as shameless people on mere ego trip. Such companies must restrict their advertisements to local media and stop frittering away money in the names […]

BUSINESS

Edo government inaugurates boards of EDPA, ECTS, others, on Oct. 11

Daily Dispatch October 10, 2019

  By ABIODUN JIMOH Edo State Government will on Friday, October 11, inaugurate the boards of the Edo Development and Property Authority and Edo City Transport Service. The others to be inaugurated are the Edo State Health Management Board and the Board of Technical and Vocational Education. In a statement, Secretary to the State Government, […]

BUSINESS

Economic recovery in Nigeria, weak in 2019 – World Bank

Daily Dispatch October 9, 2019

The World Bank says economic recovery in Nigeria, South Africa, and Angola (the region’s three largest economies) remained weak in 2019, a situation that is weighing on the region’s prospects. This is according to the 20th edition of African Pulse, World Bank’s twice-yearly economic update for the region released in Washington D.C. on Wednesday. According […]