BUSINESS

AfDB approves $70m loan for road project in Ebonyi

Daily Dispatch April 26, 2019

The African Development Bank, AfDB says it has approved a $70m loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project. It also said

BUSINESS

There’s place for everyone in LPG sector – Baru

Daily Dispatch April 26, 2019

Contrary to the thinking that Liquefied Petroleum Gas (LPG), also known as cooking gas, is only for a certain class of people, the Nigerian National Petroleum Corporation (NNPC) has stated that the LPG market in Nigeria has room for everyone to operate. The Group Managing Director of the NNPC, Dr. Maikanti Baru, made this assertion […]

BUSINESS

NNPC says AKK gas pipeline project to be completed 2022

Daily Dispatch April 25, 2019

Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), says that the Ajeokuta-Kaduna-Kano (AKK) gas pipeline project will be completed by 2022. Baru disclosed this while delivering a keynote address at the 19th Oloibiri Lecture Series and Energy Forum in Abuja on Thursday. He spoke on the topic  ” The Road Map for Energy […]

BUSINESS

US imposes sanctions on Iranian oil marketers

Daily Dispatch April 22, 2019

The Trump administration has announced it will no longer exempt any countries from US sanctions if they continue to buy Iranian oil, increasing economic pressure on the Middle Eastern country. The White House is stepping up pressure on Iran in a move that primarily affects the five remaining major importers – China and India, and […]

BUSINESS

NNPC to partner Nigerian red cross on disaster management

Daily Dispatch April 22, 2019

The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to partner the Nigerian Red Cross Society (NRSC) towards developing the capacity of the corporation’s staff on disaster management. Group Managing Director of the corporation, Dr. Maikanti Baru, disclosed this while receiving the Secretary General of the NRCS, Abubakar Ahmed Kende, a release by

BUSINESS

Increase in workers’ productivity is key to new minimum wage implementation – Rewane

Daily Dispatch April 22, 2019

The Chairman, Presidential Technical Advisory Committee (PTAC), Mr Bismarck Rewane, has said that if there is no increase in productivity, the value of increased wages will reduce to a point. Rewane who was a guest on Channels Television’s Sunrise Daily, explained that the point is to look for ways to improve workers productivity by providing investment opportunities […]