BUSINESS

NNPC educates Senate on NLNG dividend account

Daily Dispatch December 9, 2018

The Nigerian National Petroleum Corporation (NNPC) has shed light on the probe of alleged illegal withdrawal from the Nigerian Liquefied Natural Gas (NLNG) Dividend Account by the Senate, clarifying that there was nothing illegitimate about it. In a statement, the NNPC Group General Manager,

BUSINESS

Banks invest $150b yearly in developing nations

Daily Dispatch December 9, 2018

The sum of $150 billion is invested by Multilateral Development Banks (MDBs) in developing countries and emerging economies every year. The large-scale investments are needed in energy, transportation, and agricultural systems to ensure that countries can meet the needs of their populations without jeopardising climate stability. This investment plays a vital role in

BUSINESS

OPEC deal could push oil to $80 per barrel – Analyst tells RT

Daily Dispatch December 8, 2018

The Organization of Petroleum Exporting Countries (OPEC) has reached a new deal to restrict global output. Oil prices jumped in response, and they will continue to soar, analyst told RT. The deal between OPEC’s 15 member states and allied states led by Russia was reached at a meeting between OPEC and global oil producers in […]

BUSINESS

We’re not going on strike, NUPENG, PENGASSAN tell FG

Daily Dispatch December 8, 2018

The Oil workers unions have reassured the Federal government that its members would not go on strike over the threat of Depot owners to shut down services over issues on payment of outstanding subsidy claims. The Unions are the Nigeria Union of Petroleum and Natural Gas Workers  (NUPENG) and Petroleum and Natural Gas Senior Staff […]

BUSINESS

Oil marketers to get N236bn subsidy claims on Dec.14th – FG

Daily Dispatch December 8, 2018

The Federal government said on Saturday that oil marketers would  be paid N236 billion out of N348 billion approved by the National Assembly as outstanding subsidy claims on Friday Dec. 14th. The Chief Operating officer, Nigerian National Petroleum Corporation (NNPC) Downstream  Mr Henry Ikem-Obih disclosed this to newsmen, in Abuja. “The Debt Management Office (DMO) […]

BUSINESS

Unpaid claims: FG, Marketers reach agreement

Daily Dispatch December 7, 2018

The Federal Government says it has reached an agreement with petroleum marketers on the settlement of their outstanding claims. Consequently, it gave the assurance that operations at all depots and sales will continue until further notice. According to a statement by Paul Ella Abechi, the Special Adviser to the Minister of Finance on Media and […]