BUSINESS

LCCI: Dangote refinery project to boost economic activities in downstream

Daily Dispatch October 20, 2018

The Organized Private Sector under the auspices of Lagos Chamber of Commerce and Industry has described the coming of Dangote Oil Refining and Petrochemicals as a looming economic transformation of the downstream sector of the petroleum industry the reform. Beyond that, the group said the

BUSINESS

Brazil to inject $1.1b into Nigeria’s agriculture

Daily Dispatch October 19, 2018

The Brazilian Ambassador to Nigeria, Ricardo Guerra de Araujo, says  Brazil will soon inject 1.1 billion dollars into Nigeria’s agriculture. The envoy said on Thursday night in an interview with News Agency of Nigeria (NAN) in Abuja  that an agreement between Brazil and Nigeria on that would be concluded by the end of October. The ambassador […]

BUSINESS

Army hands over 680,000 adulterated diesel, kerosene to EFCC

Daily Dispatch October 19, 2018

The Nigerian Army has seized over 680,000 litres of adulterated diesel, kerosene and “black oil,” an official said. Brig.-Gen. Sunday Igbinomwahia, Chief of Staff of Nigerian Army 6 Division Port Harcourt, spoke at a formal handover of 17 trucks to the Economic and Financial Crimes Commission (EFCC) in Port Harcourt on Friday. Igbinomwahia said that […]

BUSINESS

Excess crude account hits $2.09b

Daily Dispatch October 18, 2018

The Bauchi State Governor, Mohammed Abubakar, has unveiled that the Excess Crude Account hit $2.09 billion as at Oct. 16. Abubakar told journalists on Thursday after the National Economic Council (NEC) meeting which held in Abuja. He explained that the Minister of Finance, Zainab Ahmed, gave the update on the Federation Account Allocation Committee (FAAC), […]

BUSINESS

FG pledges to support N1.5bn PENGASSAN project

Daily Dispatch October 18, 2018

President Muhammadu Buhari says the Federal government will support the N1.5 billion  Digital Library and Event Center project of the Petroleum and Gas Senior Staff Association of Nigeria (PENGASSAN). The president gave the assurance at the 40th Anniversary of PENGASSAN in Abuja, on Thursday. He was represented by the Minister of state for Petroleum Resources, […]

BUSINESS

945MW to be added to grid before year end — Fashola

Daily Dispatch October 18, 2018

The Minister of Power, Works and Housing, Mr Babatunde Fashola, on Thursday said that additional 945 megawatts of electricity would be added to the national grid before the end of the year. Fashola said this at the Nigeria-South Africa Chamber of Commerce breakfast business meeting in Lagos themed: “Power Sector and the Way Forward’’. He […]