BUSINESS

NNPC begins repair of damaged pipeline in Delta

Daily Dispatch August 31, 2019

Malam Mele Kyari, the Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC) says the corporation has begun repair of its damaged Abura Crude Trunk line ( Pipeline ). The News Agency of Nigeria (NAN) reports that the Abura Crude Trunk line at Otu-Jeremi town in Delta

BUSINESS

AfDB sets aside $25bn for Agriculture in Africa

Daily Dispatch August 29, 2019

The African Development Bank (AfDB), says it is currently investing 25 billion dollars to help make agriculture and agribusiness Africa’s biggest industry. The statement by the bank’s Communication and External Relations Department on Thursday, said the AfDB’s president, Dr. Akinwumi Adesina made the disclosure at the ongoing Tokyo International Conference of African

BUSINESS TOP STORIES

Reuters: Nigeria’s assets at risk worldwide in $9billion P&ID case

Daily Dispatch August 29, 2019

A British judge has said he will in September grant a firm called Process and Industrial Developments Ltd (P&ID) the right to attempt to seize some $9 billion in assets from the Nigerian government over an aborted gas project. The company was awarded $6.6 billion in an arbitration decision over the failed 2010 project to […]

BUSINESS

FG committed to resuscitate Ajaokuta steel company

Daily Dispatch August 28, 2019

The Federal Government of Nigeria (FGN) has not relented on its effort to address the issues of the Steel industry and rescue it from its current state, foremost among which is the completion and operations of Ajaokuta Steel Complex limited (ASCL). Government is desirous to achieve this through a robust framework to drive and guide […]

BUSINESS

Oil pipelines under attack – NNPC

Daily Dispatch August 25, 2019

The Nigerian National Petroleum Corporation (NNPC), has raised alarm over attacks on oil pipelines. The corporation disclosed this in its Monthly Financial and Operation Report (MFOR) for the month of June released in Abuja, on Sunday. It said that 1.76bn litres of Premium Motor Spirit (PMS), also known as petrol was supplied in June. On […]

BUSINESS

FG dismisses fuel scarcity scare in Lagos

Daily Dispatch August 25, 2019

The federal government through the Department of Petroleum Resources has dismissed the risk of possible fuel scarcity in the Lagos state over petroleum marketers failure to load at depots for days into the weekend. Operations Controller DPR Lagos, Wole Akinyosoye told journalists in Lagos that government is on top of the situation after meeting with […]