BUSINESS

Kyari assures on rehabilitation of refineries

Daily Dispatch August 5, 2019

Malam Mele Kyari, the Group Managing Director of NNPC, says it  is a shame that Nigeria remained a net importer of petroleum products. Kyari said this at the opening of the 2019 annual conference and exhibition organised by the Society of Petroleum Engineers on Monday in Lagos. He, however,

BUSINESS

Naira trades at N362.57 to dollar at investors window

Daily Dispatch August 5, 2019

The naira on Monday traded at N362.57 to the dollar at the investors window in Lagos. Turnover at the window stood at 293.60 million dollars. The currency was N359 to dollar at the parallel market in Lagos, while it was exchanged at N445 and N397 to the pound sterling and Euro, respectively. At the Bureau […]

BUSINESS

Kaduna Electric begins MAP roll out

Daily Dispatch August 1, 2019

Kaduna Electric is set to roll out meters to its customers under the Meter Asset Provider Scheme on Monday. A statement by the company’s Head of Corporate Communication, Abdulazeez Abdullahi, said from Monday, August 5, customers can now apply for meters under the scheme. The Nigerian Electricity Regulatory Commission had approved 4 meter providers under […]

BUSINESS

35% filling stations under dispense fuel in Port Harcourt – DPR

Daily Dispatch July 30, 2019

No fewer than 35 per cent of filling stations in Port Harcourt willingly adjusted their meters with intent to cheat unsuspecting customers, the Department of Petroleum Resources (DPR) said. Mr Bassey Nkanga, Operations Controller, DPR, Port Harcourt Zone, made the disclosure at a meeting with petroleum marketers in Port Harcourt on Tuesday. News Agency of […]

BUSINESS

CBN injects $284.2m into retail secondary market

Daily Dispatch July 29, 2019

The Central Bank of Nigeria has injected $284.2 million in the retail Secondary Market Intervention Sales And also 36 million chinese yuan in the spot and short-tenured forwards segment of the inter-bank foreign exchange market. This was made known by CBN’s Director, Corporate Communications Department, Isaac Okorafor in Abuja. Mr Okorafor said the United States […]

BUSINESS

Osinbajo demands capacity building opportunities for young entrepreneurs

Daily Dispatch July 27, 2019

The Vice President, Professor Yemi Osinbajo, has called for the creation of opportunities of capacity building for young entrepreneurs in Nigeria and the African continent. He made the call in his remarks at the Tony Elumelu Foundation (TEF) Forum which held on Saturday in Abuja. Professor Osinbajo noted that on the streets of every village […]