BUSINESS

Three out 40 modular refinery to begin operations in 2019 – Kachikwu assures

Daily Dispatch November 26, 2018

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said there are strong indications that three out of the 40 planned modular refineries would come on stream by end of 2019. Kachikwu disclosed this at the three-day Biennial International Conference for Health, Safety and

BUSINESS

Arunma Oteh tasks ASEA to list 44, 000 SMEs to boost liquidity

Daily Dispatch November 26, 2018

World Bank Vice President, Ms Arunma Oteh on Monday tasked African Securities Exchanges Association (ASEA) to ensure the listing of 44,000 Small and Medium Enterprises (SMEs) out of 44 million operating in Africa. Oteh made the remark, while delivering the keynote address at the 22nd ASEA Annual General Meeting and Conference organised by the Nigerian Stock […]

BUSINESS

GE withdraws from $2.7bn rail concession deal in Nigeria

Daily Dispatch November 26, 2018

The Nigerian Railway Cooperation (NRC) says General Electric (GE) had withdrawn from the $2.7 billion railway concession deal because it has stopped the transportation section of its business, not due to harsh economy policies. Fidet Okhiria, the Managing Director of NRC, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos. […]

BUSINESS

Paris Club: Kwara yet to receive final tranche, says Finance commissioner

Daily Dispatch November 26, 2018

Kwara  Government says it is yet to receive the second tranche of the London-Paris Club Refund promised by the Federal Government. Commissioner for Finance, Alhaji Demola Banu,  told newsmen on Monday in Ilorin that the government has done all the necessary reconciliations that are required for such refunds. He also told newsmen that while the […]

BUSINESS

DPR discovers 50 illegal filling stations in Akwa Ibom

Daily Dispatch November 26, 2018

The Department of Petroleum Resources (DPR), Eket office says it had discovered 50 illegal filling stations in the state. Mr Tamunoiminabo Kingsley-Sundaye, the Operations Controller of DPR in Akwa Ibom made the disclosure in an interview with the News Agency of Nigeria (NAN) in Eket on Monday. He explained that the illegal filling stations refused […]

BUSINESS

Aviation Authourity warns pilots, airlines on weather

Daily Dispatch November 25, 2018

The Nigerian Civil Aviation Authority (NCAA) has warned pilots and airline operators to observe safety precaution in line with Nigeria Civil Aviation Regulations (Nig.CARs) during flight operations in adverse weather conditions. The warning is contained in an Advisory Circular with reference no. AC: NCAA-AEROMET- 26 to all Pilots and Airline Operators signed by the