BUSINESS

Anti-labour practices: NUPENG draws battle line with multinationals

Daily Dispatch June 3, 2018

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Sunday gave a 21-day ultimatum to employers in the Nigerian oil and gas to address workers welfare to ameliorate their sufferings. NUPENG President Prince Williams Akporeha, said at a news conference in Lagos that over 500 union

BUSINESS

Currency swap: Naira will gain strength against dollar, says economist

Daily Dispatch June 3, 2018

An economist, Dr Chijioke Ekechukwu, says the naira will gain strength against the dollar when the Nigeria -China currency swap takes effect. Ekechukwu, a former Director-General, Abuja Chamber of Commerce and Industry,  expressed the view in an interview with the News Agency of Nigeria (NAN) in Abuja. According to him, the exercise is expected to […]

BUSINESS

NNPC trashes rumour on N36b royalty to PH refinery hosts

Daily Dispatch June 3, 2018

Nigerian National Petroleum Corporation (NNPC) has dismissed rumours of an approved N36billion compensation said to be due to Alesa-Eleme community in Rivers State as royalty for playing host to the Port Harcourt Refining Company, a subsidiary of the corporation. The corporation’s Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, traced the origin of

BUSINESS

Local content: Senate to investigate lack of patronage for Nigeria pipe manufacturer

Daily Dispatch June 3, 2018

The Senate Committee on Local Content is to investigate the non patronage of a multi -million dollar internationally certified Nigerian pipe manufacturing and coating company, SCC Nigeria Limited by NNPC and International Oil Companies (IOCs) contrary to the Nigeria Oil and Gas Industry Content Development (NOGICD) Act since 2014. The company located in Ushafa, Abuja […]

BUSINESS

FG agencies flout presidential order at the Ports

Daily Dispatch June 3, 2018

The Nigerian Ports Authority (NPA) is seeking the intervention of Vice President Yemi Osinbajo over non-compliance by some government agencies with the Presidential Order on the Ease of Doing Business at Ports. The Managing Director of NPA, Ms Hadiza Usman said this on Saturday in Lagos. The News Agency of Nigeria (NAN) reports that the Office of […]

BUSINESS

Senate refuses to confirm nominee for non-executive director of CBN board

Daily Dispatch May 31, 2018

The senate has confirmed four non-executive directors for the board of the Central Bank of Nigeria (CBN). President Muhammadu Buhari had sent five names to the senate in April 2017 but only four were confirmed on Thursday. The nominees were confirmed after Rafiu Ibrahim, chairman of the senate committee on banking, presented a report. Ibrahim […]