BUSINESS

Nigerian hackers steal thousands of dollars from shipping firms

Daily Dispatch April 25, 2018

Nigerian hackers, grouped as Gold Galleon, are menacing shipping firms and bleeding them of thousands of dollars. Network security firm Secureworks has red-flagged the group, whose focus appears solely to be the maritime industry. The group, according to a report by Maritime Executive, an

BUSINESS

US oil hurts Nigeria, OPEC in Europe

Daily Dispatch April 24, 2018

US oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting traditional suppliers such as Nigeria. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal […]

BUSINESS

PIB lacks value creation -PTDF

Daily Dispatch April 23, 2018

The Executive Secretary, Petroleum Technology Development Fund (PTDF) Dr Aliyu   Gusua says the Petroleum Industry Bill  (PIB)awaiting presidential assent has no value creation needed in the oil and Gas sector. Gusua disclosed this at the 11 Annual International Conference if the Nigerian Association for Energy Economics (NAEE), on Monday in Abuja. “Unfortunately, I have

BUSINESS

Fayemi explains why he was absent at Washington Investment Forum

Daily Dispatch April 23, 2018

The Minister of Mines and Steel Development, Kayode Fayemi, on Monday disagreed with those accusing him of shunning the US-Nigerian investment summit, stating that he did not confirm attendance at any investment forum in Washington DC. He spoke in a statement signed by his Special Adviser on Media, Yinka Oyebode, following reports that the Emir […]

BUSINESS

VAIDS has been successful so far- Adeosun

Daily Dispatch April 22, 2018

Minister of Finance, Kemi Adeosun, has given an update on Voluntary Assets and Income Declaration Scheme (VAIDS) as well as level of compliance. The VAIDS programme offers a grace period for tax defaulters to voluntarily pay back to the government what they owe. President Muhammadu Buhari recently approved extension of its deadline to June 30, 2018. […]

BUSINESS

Adeosun, Emefiele explain absence at Nigeria-US investment meeting

Daily Dispatch April 22, 2018

Minster of Finance, Kemi Adeosun and Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, on Sunday explained why they were not in attendance during an investment meeting organized by the Nigerian Embassy in Washington, United States. The Emir of Kano, Sanusi Lamido Sanusi, had decried absence of Nigerian officials at the event, which held on the […]