BUSINESS

Shell announces the second tranche of share buyback programme

Daily Dispatch November 1, 2018

Royal Dutch Shell plc has announced the commencement of trading in the second tranche of its share buyback programme previously announced on July 26, 2018. The company’s intention is to buy back at least $25 billion of its shares by the end of 2020, subject to further progress with debt

BUSINESS

Farmers groan as FG’s Anchor Borrowers Scheme runs into hitches in states

Daily Dispatch October 31, 2018

THE Anchor Borrowers Scheme, the federal government’s initiative to boost agriculture and stop the importation of rice is facing challenges in several states, including Cross River and Gombe, reports PUNARIMAM FEHINTOLA  who visited the two states. The scheme started in November 2015 shortly after President Muhammadu Buhari assumed office. The initiative was conceived to

BUSINESS

Senate begins oversight to tackle indigenous operators’ marginalisation

Daily Dispatch October 31, 2018

The Senate has commenced a two-day oversight visit to the Nigerian Content Development and Monitoring Board (NCDMB) and major projects in Bayelsa and Rivers to monitor compliance with the Act establishing the board. The Senate Committee on Local Content which embarked on the oversight, vowed not to relent in its efforts to promote adherence to […]

BUSINESS

CSO, NUEE kick against renewal of BEDC licence, ground its activities

Daily Dispatch October 31, 2018

ABIODUN JIMOH, BENIN CITYThe Benin Electricity Distribution (BEDC) got what it bargained for on Wednesday as the Edo State Civil Organisation and National Union of Electricity Employees (NUEE) grounded the company activities.The joint protest by civil society group and NUEE which shut down activities at the BEDC head office in Benin City was due to […]

BUSINESS

Osinbajo’s Claim On Nigeria’s Debt Profile ‘Misleading’ – BudgIT

Daily Dispatch October 31, 2018

A civic tech organization, BudgIT, has said claim by Vice President, Yemi Osinbajo, that the Federal Government had borrowed only $10billion since 2015 when the current administration took power is “misleading”. BudgIT, which tracks government budgets and projects execution, was reacting to claims made by Osinbajo during the 9th public lecture of Sigma Club in […]

BUSINESS

Senate commends local content board on headquarter building

Daily Dispatch October 31, 2018

The Senate Committee on Local Content has commended the Nigeria Content Development Monitoring Board I(NCDMB)for the ongoing 17 Storey Headquarters Building  at Yenegoa, Bayelsa State. Giving the commendation during the Committee oversight visit to the temporary office of NCDMB in Yenegoa, Senator Solomon Adeola, (APC,Lagos West), the chairman of the Senate Committee