BUSINESS

Shell to develop $10bn Bonga field

Daily Dispatch February 13, 2019

Oil giant Shell’s Bonga South West/Aparo (BSWA) deepwater project, located in Oil Mining Lease (OML) 118 in the Niger Delta, is set for development, it was learnt Tuesday. This is coming on the heels of the output of 200,000 barrels per day from Egina field operated by Total, which began

BUSINESS

Economy attracted $16.8bn investment inflow in 2018 – NBS

Daily Dispatch February 13, 2019

The National Bureau of Statistics on Wednesday released the Capital Importation report for 2018 with the economy attracting a total investment of $16.81bn during the period. The bureau in the report stated that the investment inflow of $16.81bn for 2018 represents an increase of $4.59bn or 37.49 per cent when compared to the $12.22bn attracted […]

BUSINESS INTERVIEW

“We need to do more collectively for Africa” at the Africa – Halima Dangote

Daily Dispatch February 12, 2019

Q: Your foundation has obviously got a lot of influence in Nigeria, what are your main objectives for this year? A: One of the main pillars is health. Nutrition determines the state of one’s health and we are investing towards nutrition, specifically primary health care, and most importantly towards eradication of polio, that itself is […]

BUSINESS

Nigeria’s GDP grows by 2.38% in 2018 4th quarters

Daily Dispatch February 12, 2019

Nigeria’s Gross Domestic Product, GDP, grew by 2.38 percent in the fourth quarters of 2018, the National Bureau of Statistics, NBS, reports. According to the NBS,  the GDP grew by 2.38% in real terms (year-on-year), which represented an increase of 0.27% points when compared to the fourth quarter of 2017 which recorded a growth rate […]

BUSINESS

AfDB President Adesina holds bilateral meetings with H.M. King of Lesotho and President of Madagascar

Daily Dispatch February 11, 2019

African Development Bank President Akinwumi Adesina, held several high-level bilateral meetings on the sidelines of the 32nd Ordinary Session of the Assembly of the African Union. Adesina met with His Excellency Andrei Rajoelina, President of Madagascar and His Majesty Letsie III, King of Lesotho. With President Andrei Rajoelina of Madagascar, discussions focused on issues

BUSINESS

$43m debt: Court warns CBN, NCC, others against concluding Etisalat’s sale

Daily Dispatch February 10, 2019

A Federal High Court in Abuja has warned the Central Bank of Nigeria (CBN), the Nigerian Telecommunication Commission (NCC) and others involved in the transaction for the sale of troubled telecom firm, Etisalat (9mobile) against taking further steps to conclude the sale. The warning was informed by claim by some aggrieved investors that despite a […]