BUSINESS

$25bn Oil contract scam: PDP challenges Buhari to speak up

Daily Dispatch July 9, 2018

The Peoples Democratic Party (PDP) has charged President Muhammadu Buhari to speak up on allegations of illegal award of oil contracts worth $25 billion (N9 trillion) under his stewardship. The party said the alleged complicity of the Buhari Presidency coupled with Mr. President’s failure to

BUSINESS

NGPTC records N6.11bn profit in 2017 – NNPC

Daily Dispatch July 8, 2018

Nigerian Gas Processing and Transportation Company (NGPTC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC)  has  announced a profit after tax of N6.11 billion for its 2017 financial year. The Corporation disclosed this in a statement signed by its spokesman, Mr Ndu Ughamadu, on suday, in Abuja. It said the company announced the profit […]

BUSINESS

Osinbajo leads roadshow on investment in US

Daily Dispatch July 8, 2018

Vice-President Yemi Osinbajo is scheduled to lead a public-private sector collaborative investment roadshow to the United States. He will also be speaking to global industry leaders in information technology and entertainment at the Silicon Valley in San Francisco and Hollywood in Los Angeles, California, from Monday to Wednesday. The Senior Special Assistant to the Vice

BUSINESS

Dangote Refinery to start selling petrol, diesel, aviation fuel by early 2020

Daily Dispatch July 7, 2018

The Dangote refinery plans to start selling petrol, diesel and aviation fuel by early 2020, but the fertiliser plant, will start producing urea this year, Edwin Devakumar, the group executive director told Bloomberg. The $10 billion refinery, set to be one of the world’s largest and which can process 650,000 barrels of crude a day, […]

BUSINESS

Benin Auto Park: Obaseki, Automotive Council, BMW, Ford, Nissan, others commit to park’s devt.  

Daily Dispatch July 7, 2018

Poised to develop the largest single auto sales market in West Africa, Governor of Edo State, Mr. Godwin Obaseki, has said that the state is willing to explore far-reaching partnership with the National Automotive Design and Development Council (NADDC) and the Africa Association of Automotive Manufacturers (AAAM), in actualising the Benin Auto Park, sited in […]

BUSINESS

Edo government raises alarm over issuance of fake mining consent

Daily Dispatch July 7, 2018

Edo State Ministry of Solid Minerals, Oil and Gas, has raised alarm over illegal activities of groups and individuals who issue mining consent to companies for mining, quarrying and borrowing of pit in the state. The Commissioner for Solid Minerals, Oil and Gas, Hon. Joseph Ugheoke, noted this in a statement made available to journalists on […]