BUSINESS

Subsidy: FG pays oil marketers, freezes interest on loan

Daily Dispatch December 17, 2018

Mr  Henry Ikem-Obih, Chief Operating Officer, Downstream, Nigerian National Petroleum Corporation (NNPC)  says the Federal Government has paid the agreed N236 billion as first tranche of the outstanding subsidy claims to oil marketers. Ikem-Obi, who disclosed this in an Interview with the News

BUSINESS

$48Billion Factory: NASS Backs Local Pipe Making And Coating Coys

Daily Dispatch December 17, 2018

The National Assembly is to back two major Nigerian companies in the business of pipe making and coating in the oil and gas industry in Nigeria. Disclosing this at the end of a day inspection visit to Solewant Nigeria Limited, a $48billion paint and cement pipe coating factory at Alode, Eleme in Rivers State, Senator […]

BUSINESS

Buhari to inaugurate new airport terminal Dec. 20

Daily Dispatch December 17, 2018

The newly-constructed international terminal at the Nnamdi Azikiwe International Airport in Abuja will be inaugurated by President Muhammadu Buhari on Thursday, an official  says. Mr Saleh Dunoma, the Managing Director of Federal Airports Authority of Nigeria (FAAN), told the News Agency of Nigeria (NAN)  on Monday in Abuja  that all requirements to make the facility […]

BUSINESS

NEXIM Bank to disburse $1bn to Nigerian exporters, others

Daily Dispatch December 17, 2018

The Nigerian Export-Import Bank has entered into a $1bn trade facilitation pact with the African Export-Import Bank for Nigeria and other West African countries. The signing of the Memorandum of Understanding was one of the highpoints of events during the inaugural Intra-African Trade Fair in Cairo, Egypt. A statement from NEXIM Bank on Monday explained […]

BUSINESS

Diamond, Access Bank merger process to be completed 2019 – Dozie

Daily Dispatch December 17, 2018

The board of Diamond Bank Plc on Monday finally announced its merger with Access Bank Plc expected to be completed in first half of 2019. The News Agency of Nigeria (NAN) reports that both banks recently denied media reports of any merger. Mr Uzoma Dozie, the bank’s Chief Executive Officer, said in Lagos the board […]

BUSINESS

FG, NASS meet oil marketers to avert fuel crisis

Daily Dispatch December 17, 2018

The federal government of Nigeria has proposed a meeting with the independent oil marketers as one of the measures aimed at averting fuel crisis this Yuletide season. The oil marketers have threatened to shut down their depots over continued non-payment of oil subsidies by the federal government. But the presidency and the National Assembly in […]