BUSINESS

Nigeria must position to get optimum benefit from AfCFTA – Ecobank

Daily Dispatch October 9, 2019

Ecobank has advocated that Nigeria takes the lead and positions itself to get optimum benefits from the implementation of the African Continental Free Trade Agreement (AfCFTA). According to the bank, Nigeria undoubtedly has the largest and most vigorous economy in Africa and therefore must

BUSINESS

NNPC raises alarm on 115 percent oil pipeline vandalism spike

Daily Dispatch October 9, 2019

The Nigerian National Petroleum Corporation (NNPC) has raised alarm on the increasing menace of oil pipeline vandalism which hit a record high of 228 pulverized points in July, 2019 alone. The corporation’s July, 2019 Monthly Financial and Operations Report (MFOR) informed that the breached lines represented an awful increase of 115 per cent from the […]

BUSINESS

Fed. Govt. moves to cancel licences of Kaduna Electric, AEDC, six others

Daily Dispatch October 9, 2019

Following the breach of some provisions of the Electric Power Sector Reform Act in July 2019, plans are underway by the Federal Government to cancel the licences of eight power distribution companies in Nigeria, including Kaduna Electric Power Distribution Company of Nigeria (KAEDCO) allegedly owed by former Vice President, Namadi Sambo. According to the Nigerian […]

BUSINESS

Kaduna Electric Marks 2019 Customer Service Week

Daily Dispatch October 6, 2019

Kaduna Electric is set to mark the 2019 Customer Service Week (CSW) to celebrate its customers. A statement by the Head, Corporate Communication, Abdulazeez Abdullah in Kaduna said this year’s week-long celebration is themed: “The Magic of Service”. The statement said activities would focus on appreciating Kaduna Electric customers for their loyalty,

BUSINESS

World Bank appoints Chaudhuri Country Director for Nigeria

Daily Dispatch October 2, 2019

The World Bank has appointed Mr Shubham Chaudhuri as the new Country Director for Nigeria, succeeding Mr Rachid Benmessaoud who completed his term recently. A statement issued by the World Bank’s Senior Communications Officer, Nigeria, on Wednesday in Abuja, said Chaudhuri assumed office on Tuesday. It said that Chaudhuri, a U.S. national, who grew up […]

BUSINESS

Nigeria @ 59: Buhari warns FIRS, others of ‘severe consequences’ for failure to meet targets

Daily Dispatch October 1, 2019

President Muhammad Buhari has warned revenue-generating agencies in the country against failure to meet their targets. He issued the warning to the agencies, including the Federal Inland Revenue Service in his Independence Day speech to the nation on Tuesday. The President said, “Our revenue-generating and reporting agencies will come under much greater scrutiny, going