BUSINESS

Foreign trade volume hits N32.26trn in 2018 – NBS

Daily Dispatch March 3, 2019

The National Bureau of Statistics said the country recorded a total trade value of N32.26 trillion year-on-year in 2018, representing 39.3 per cent increase over the corresponding period in 2017. The trade value for 2017 stood at N23.16 trillion. The NBS said this in Foreign Trade in Goods

BUSINESS

Buhari’s re-election will guarantee refinery revamping – NNPC

Daily Dispatch March 2, 2019

The Nigerian National Petroleum Corporation (NNPC) says the re-election of president Muhammadu Buhari will help to facilitate the revamping of the nation’s refineries. Mr Ndu Ughamadu, NNPC Group General Manager, Group Public Affairs division told the News Agency of Nigeria( NAN)  in Abuja that the president had been supportive to the corporation. “The reelection of […]

BUSINESS

No record of pipeline explosion in Nembe – NNPC

Daily Dispatch March 2, 2019

The Nigeria National Petroleum Corporation says it has no record of pipeline explosion in Nembe, Bayelsa, as being reported in some quarters. Mr Ndu Ughamadu, the Group General Manager, Group Public Affairs Division of the corporation disclosed this in an interview with the News Agency of Nigeria(NAN), in Abuja, on Saturday. No fewer than 50 […]

BUSINESS

Dutch prosecutors target Shell over Nigeria oil deal

Daily Dispatch March 2, 2019

Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011. Shell said in a statement on its website that it had been informed by the Dutch Public Prosecutor’s Office (DPP) that it had nearly concluded its investigation and is preparing to prosecute […]

BUSINESS

Fraud volume in Nigerian banks climbs to N25bn in 5-years

Daily Dispatch March 1, 2019

Pro-tem President, Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIAN), Dr Victoria Enape, has said that fraud volume in Nigerian banks increased dramatically to about N25 billion in the past five years. Enape said this in Abuja on Friday at the opening of intensive training for forensic and investigative auditors with the theme […]

BUSINESS

Nigeria controls $48 billion new oil, gas projects in Africa – NNPC Boss

Daily Dispatch February 28, 2019

Nigeria is the destination for new projects in the oil and gas industry in Africa valued at over $48 billion, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has said. This is about 25 per cent of a total $194 billion capital expenditure (CAPEX) budget for various upcoming projects in […]