BUSINESS

Obaseki accuses BEDC of frustrating power purchase deal for Edo, decries poor service, over-billing

Daily Dispatch July 26, 2018

Edo State Governor, Mr Godwin Obaseki, on Thursday accused the Benin Electricity Distribution Company (BEDC) of frustrating a power deal with Ossiomo Power and Infrastructure Company Limited, to supply electricity to government offices in the state capital. Obaseki who disclosed this at the 4th

BUSINESS

Video: FG to issue Green Bond for 2018 capital projects

Daily Dispatch July 23, 2018

The Debt Management Office (DMO) says the Federal Government will issue another Green Bond to finance capital projects in the 2018 budget before end of the year. Ms Patience Oniha, DMO Director-General, at the listing ceremony of the pioneer FGN N10.69 billion Green Bond in Lagos, however said the amount to be raised in the […]

BUSINESS

Tony Eluelu planning to buy oil mining licenses operated by Shell

Daily Dispatch July 21, 2018

Tony Elumelu, chairman of Heir Holdings, is planning to buy two oil mining licenses operated by Shell Plc. Bloomberg reports that the licenses might be sold for $2 billion. Apart from oil mining licenses 11 and 17, Shell will also be selling a natural gas-fired power plant that would be managed by Transnational Corporation of […]

BUSINESS

Smuggling through Benin Republic is crippling our economy- Dangote cries out

Daily Dispatch July 20, 2018

Aliko Dangote, president of Dangote Group, has asked the federal government to take drastic action against Benin Republic over smuggling of products from its country into Nigeria. Dangote said this on Friday while responding to questions from journalists at the end of the industrial policy and competiveness advisory council meeting presided over by Vice-President Yemi

BUSINESS

#NigeriaAir: National Carrier Or National Scam

Daily Dispatch July 20, 2018

Many Nigerians were excited with the news that the country was at last launching a “national carrier.” But the first downer came with the horrible naming of the brand, “Nigeria Air” instead of a more proper “Nigerian Air,” and the grammatically convulsive slogan, “Bringing Nigeria Closer To The World,” implying Nigeria was

BUSINESS

Nigeria Air: You can’t deceive Nigerians, PDP tells Buhari

Daily Dispatch July 20, 2018

The Peoples Democratic Party has asked President Muhammadu Buhari and the Federal Government to perish the thought of trying to use the ‘unveiling’ of a what it described as a nonexistent national carrier to deceive Nigerians now that election is around the corner, saying that the alleged ruse cannot yield any dividend. The party said […]