BUSINESS

NNPC: We’ll continue to subsidise petrol

Daily Dispatch July 14, 2019

The Nigerian National Petroleum Corporation has said it will continue to bear the cost of subsidy on petrol. It, however, said it could not tell when the corporation would stop fuel subsidy. The NNPC’s Group Managing Director, Mele Kyari, recently stated that the price of petrol in most West

BUSINESS

Textile industries have potential to create 2m jobs – Emefiele

Daily Dispatch July 11, 2019

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the Nigerian Cotton, Textile and Garment (CTG) sector holds huge potentials to create more than two million jobs and reduce 4.0 billion dollars import bill incurred annually on textile. Emefiele said this at the meeting with the Service Chiefs and stakeholders from […]

BUSINESS

AFCTA: Senate urges FG to create more economic zones to reduce cost of production

Daily Dispatch July 11, 2019

The Senate has urged the Federal Government to develop a national industrial policy and infrastructural development masterplan to aide the implementation of the African Continental Free Trade Area (AFCTA) agreement. The upper chamber also urged the government to create more economic zones to reduce the cost of production across the country. The resolutions were arrived

BUSINESS

No plan to increase pump price – NNPC

Daily Dispatch July 11, 2019

The Nigerian National Petroleum Corporation (NNPC) says it has no plans to increase the price of Premium Motor Spirit (PMS), popularly known as petrol in the country. The Corporation made this known in a statement issued by its spokesman, Mr Ndu Ughamadu, in Abuja on Thursday. He advised motorists and other petroleum products consumers, to […]

BUSINESS

OPEC to maintain 3.2% growth forecast

Daily Dispatch July 11, 2019

The Organisation of the Petroleum Exporting Countries (OPEC) has said that it will maintain its forecast for global economy growth in 2019 at 3.2 percent since it does not expect trade disputes to escalate further. OPEC’s position is contained in its monthly report issued on Thursday. “The global GDP growth forecast for 2019 remains at […]

BUSINESS

PENGASSAN sets agenda for new NNPC GMD

Daily Dispatch July 8, 2019

Oil and gas workers on Monday identified obsolete refineries and pricing uncertainties as some of the areas that Mr Mele Kyari, new Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), must tackle. The workers under the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) said in a statement in Lagos that Kyari […]