BUSINESS

PPPRA refutes increase in petrol pump price

Daily Dispatch December 11, 2018

The Executive Secretary Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu on Tuesday refuted the growing speculation on the purported imminent price increase in the pump price of Premium Motor Spirit (Petrol), noting that the retail price of Premium Motor Spirit

BUSINESS

Appeal Court nullifies conviction of Shell MD, others

Daily Dispatch December 9, 2018

The Court of Appeal sitting in Port Harcourt has set aside the order of a High Court of Rivers State which sentenced the Managing Director of The Shell Petroleum Development Company of Nigeria Limited (SPDC), Osagie Okunbor, and two other senior officers of the company to three months in prison for contempt. The appellate court […]

BUSINESS

Fayemi lifts Fayose’s embargo on Eco, GT and Zenith Banks in Ekiti

Daily Dispatch December 9, 2018

Gov. Kayode Fayemi of Ekiti on Sunday lifted the no-patronage embargo  placed on Ecobank, GTBank and Zenith Bank by his predecessor, Ayo Fayose. The News Agency of Nigeria, (NAN) reports that with this development, all MDA’s and certain categories of the state workers are now free to do business with them. The Fayose-led administration in […]

BUSINESS

Edo to model oil palm sector after sugar industry, says Obaseki

Daily Dispatch December 9, 2018

Edo State Governor, Godwin Obaseki, has said the state government will drive the development of oil palm sector in the state using the sugar industry model, noting that the commitment to revolutionising agribusiness in the state is paramount. Obaseki disclosed this at the National Sugar Development Council (NSDC)’s Southern Region Sugar Sensitisation Workshop themed

BUSINESS

We have enough fuel to last beyond yuletide – NNPC

Daily Dispatch December 9, 2018

The Nigerian National Petroleum Corporation (NPPC) says it has 2.6 billion litres of petroleum products offshore and onshore in Lagos State to meet the nation’s demands. Mr Isiaka Abudulrasaq, the Chief Financial Officer of NNPC gave the assurance in an interactive session with journalists in Lagos on the corporation’s stewardship  to Nigerians in Lagos on […]

BUSINESS

Nigeria’s infrastructure deficit to hit $878bn by 2040 — SEC

Daily Dispatch December 9, 2018

The Securities and Exchange Commission (SEC) on Sunday said that the country’s infrastructure deficit would hit 878 billion dollars by 2040 and called for active utilisation of green bond for infrastructural gap. Ms Mary Uduk, SEC Acting Director-General, said this at the 2018 annual workshop organised by the Capital Market Correspondents Association of Nigeria (CAMCAN)