BUSINESS

Regional integration remains low, according to African Regional Integration Index

Daily Dispatch March 24, 2019

The African Continental Free Trade Area (AfCFTA) marks a momentous milestone for Africa but preliminary findings of the upcoming 2019 African Regional Integration Index, released at the on-going Conference of Ministers in Morocco on Saturday, indicate that regional integration in Africa remains

BUSINESS

Tony Elumelu Foundation selects 3,050 entrepreneurs for 2019 cohort

Daily Dispatch March 23, 2019

This year’s selected entrepreneurs for the Tony Elumelu Foundation’s entrepreneurship programme rose by 110 per cent to 3,050 from last year’s 1,450 people, according to newly released data from the foundation Friday. The foundation will directly fund 1,000 entrepreneurs as it customarily does, while an additional 2,050 will be supported by the foundation’s partners

BUSINESS

Aisha Buhari Says Private Sector Must Play More Active Roles In Enhancing Africa’s Development

Daily Dispatch March 22, 2019

Wife of President Muhammadu Buhari, Aisha, says the private sector must begin to play more active roles for the advancement of the African continent. According to her, now more than ever, the contribution of the Private sector is needed to advance the economy of the continent. She said this on Friday while delivering a keynote […]

BUSINESS

NNPC plans to revamp refineries to cut fuel imports

Daily Dispatch March 22, 2019

Nigeria’s state-oil firm NNPC said it plans to revamp its refineries to help Africa’s biggest crude oil producer to save billions of dollars on fuel imports and has hired Italy’s Maire Tecnimont to tackle the Port Harcourt plant. Nigeria has 445,000 bpd of refining capacity across four separate facilities which operate well below capacity due […]

BUSINESS

Ogun produced highest tonnes of solid minerals in 2018 – NBS

Daily Dispatch March 22, 2019

The National Bureau of Statistics (NBS) has disclosed Ogun produced the highest tonnes of solid minerals in the country in 2018. The NBS disclosed this in its State Disaggregated Mining and Quarrying Data for 2018 posted on its website. The bureau said the state produced 16.49 million tonnes of solid minerals, representing 30 per cent […]

BUSINESS

Oil hovers below 2019 highs amid OPEC supply cuts, U.S. sanctions

Daily Dispatch March 22, 2019

Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela. Concerns that an economic slowdown might soon impact fuel consumption are preventing crude prices from rising further, analysts said. Brent crude oil futures were at 67.90 dollars per […]