BUSINESS

NNPC records N7.15bn trading surplus for June

Daily Dispatch October 30, 2018

The Nigerian National Petroleum Corporation (NNPC) says it has made N7.15 billion as trading surplus in the month of June, lower than N18.12 billion made in May. The Corporation disclosed this on its June edition of the Monthly Financial Report made available to the News Agency of Nigeria

BUSINESS

Kaduna refinery to employ PTDF-trained welders

Daily Dispatch October 30, 2018

The Managing Director, Kaduna Refining and Petrochemical Company (KRPC), Mr Adewale Ladenegan, said welders  trained under the Petroleum Technology Fund (PTDF) programme  would be employed to work for the  refinery. The PTDF disclosed this in a statement issued in Abuja, on Tuesday after the graduation ceremony of the second batch of PTDF-trained welders on Post Training

BUSINESS

MTN hires 15 lawyers to challenge $8.1bn demand by CBN

Daily Dispatch October 30, 2018

The Federal High Court in Lagos has fixed December 4, 2018, for hearing in the suit filed by MTN Nigeria Communications Limited to challenge the  $8,134,312,397.63 being demanded by the Central Bank of Nigeria over the alleged forex remittances. At the Tuesday proceedings in the case, MTN was represented by Chief Wole Olanipekun (SAN), who […]

BUSINESS

No plan to review fuel pump price – NNPC

Daily Dispatch October 30, 2018

The Nigerian National Petroleum Corporation says it has no plan to review pump prices of petroleum products, especially Premium Motor Spirit (PMS), popularly known as petrol. The Corporation disclosed this in a statement signed by its spokesman, Mr. Ndu Ughamadu, in Abuja on Tuesday. “The Federal Government has no plan to review prices of white […]

BUSINESS

12 hostages taken from SWISS shipper’s crew off Nigeria coast released by pirates

Daily Dispatch October 29, 2018

A Swiss shipping company said Monday that 12 crew members of a bulk carrier who were abducted by pirates more than five weeks ago near Nigeria have been released, as Polish authorities confirmed a new hostage-taking off the West African country’s coast. Massoel Shipping said the seven Filipinos, a Slovenian, a Ukrainian, a Romanian, a […]

BUSINESS

BPE, NBS and NISER to conduct impact assessment on some privertised enterprise – BPE Boss

Daily Dispatch October 29, 2018

The Bureau of Public Enterprises (BPE) in collaboration with the National Bureau of Statistics (NBS) and Nigeria Institute of Social and Economics Research (NISER) is set to conduct an Impact Assessment on some selected Privatised Enterprises under the reform and privatisation programme of the Federal Government, Director General of the Bureau, Mr. Alex A. Okoh […]