BUSINESS

NNPC Reels Out Plans to Attract Private Investment …As Baru Says Slump in Oil prices, an Opportunity for Growth

Daily Dispatch June 22, 2018

The Nigerian National Petroleum Corporation (NNPC) has outlined plans to attract private investments, ensure sustainable development and spur growth in the nation’s Oil and Gas Industry. Group Managing Director of the corporation, Dr. Maikanti Baru, disclosed this while speaking on the theme

BUSINESS

Banks lost N12.3bn to fraudsters in four years – NIBSS

Daily Dispatch June 21, 2018

The Nigerian Inter-Bank Settlement System, on Thursday said the banking industry lost the sum of N12.30 billion to various frauds between 2014 and 2017. Managing Director, NIBBS, Mr Adebisi Shonubi, disclosed this at the third Annual Banking Security Summit organised by MAXUT Consulting in partnership with OneSpan, a global data security company in Lagos. Shonubi […]

BUSINESS

Saraki Assures Russian Investors of Conducive Business Environment 

Daily Dispatch June 21, 2018

President of the Senate, Bukola Saraki, has assured the Russian Government that Nigeria is conducive for investors especially in the oil, gas, agriculture, mining and power sectors of the economy. Saraki stated this during a meeting with the leadership of the Upper Chamber of the Russian Parliament – Federation Council of the Federal Assembly of […]

BUSINESS

OPEC inches closer to reach strategic oil deal

Daily Dispatch June 21, 2018

The Organisation of the Petroleum Exporting Countries (OPEC) is approaching today the conclusion of agreements in favor of its trade strategies which will allow for stability in the crude oil markets. The  on going meeting in this Vienna seeks to increase oil production, while easing the opposition of Iran and Saudi Arabia in this regard.The aim […]

BUSINESS

NNPC signs $3bn oil, gas development deal- Baru

Daily Dispatch June 21, 2018

Dr Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), said the corporation had signed over three billion dollars oil and gas development deal to ensure development in the sector. Baru said this while speaking on investment in the Oil and Gas Industry at the ongoing 7th OPEC International Seminar on Thursday in Vienna, […]

BUSINESS

Dangote pays 90% of net profits as dividend

Daily Dispatch June 21, 2018

Shareholders of Dangote Cement on Wednesday at the company’s 9th Annual General Meeting held in Lagos were full of praise for the Board, Management and staff of the company after approving the dividend payout of N10.50 per 50k share, representing 90 per cent of net profit and an increase of 23.5 per cent on the […]