BUSINESS

NNPC nets $626.6m from crude export, makes N9.85b profit

Daily Dispatch December 26, 2018

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦9.85billion for September, a vast improvement compared with the deficit of ₦3.90 billion, recorded in August. Details of the report which is contained in the newly released September 2018 edition of the NNPC

BUSINESS

Mobile porting activities decline by 53% – NCC

Daily Dispatch December 26, 2018

The Nigerian Communications Commission has reported a decline of 53 percent in mobile number portability activities by telecommunications operators The data which covers the past two years shows that the industry recorded a total of 14,491 incoming and outgoing porting activities in November 2018, compared to 31,077 in November 2016 While the data indicates a […]

BUSINESS

Budget: 2.3Mpbd, $60 dollar oil benchmark not realistic – Expert

Daily Dispatch December 23, 2018

Mr Bank-Anthony Okoroafor, an energy expert says the projected 2.3 million barrel of crude oil production per day and 60 dollar oil benchmark in the 2019 budget is not realistic. Okoroafor in an interview with the News Agency of Nigeria (NAN) in Abuja, on Sunday, said the projection does not follow the uncertainties in the […]

BUSINESS

Banker’s warehouse says $2.8m cash detainees are its employees

Daily Dispatch December 23, 2018

The management of Bankers Warehouse has called on the Financial and Economic Crimes Commission (EFCC) to release cash and its employees arrested at Enugu Airport on Thursday, Dec. 20 Bankers Warehouse is a company registered by the Central Bank of Nigeria (CBN) to carry out cash movement as well as currency processing. The company said […]

BUSINESS

Union Bank slams EFCC, claims ownership of $2.8m cash intercepted at Enugu airport

Daily Dispatch December 22, 2018

Union Bank Plc has claimed ownership of the $2.8 million cash the Economic and Financial Crimes Commission (EFCC) said it intercepted and seized at the Akanu Ibiam International Airport, Enugu yesterda Union Bank said in its response to Tweet by the EFCC that it was surprised by the release of a news bulletin prior to […]

BUSINESS

Ecobank Rapidtransfer eases Homebound remittances for Yuletide

Daily Dispatch December 22, 2018

In the spirit of the season, Ecobank Nigeria has called on Nigerians in diaspora to embrace the benefits of Ecobank’s Rapidtransfer app when sending money to their loved ones back home this festive season. The service the bank said is open to Ecobank and non-Ecobank customers. Managing Director, Ecobank Nigeria, Patrick Akinwuntan who made the […]