BUSINESS

Fuel scarcity: NUPENG suspends 15-day strike notice

Daily Dispatch February 15, 2018

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Wednesday suspended the 15-day ultimatum issued to the Federal Government over unresolved labour crises. The President of the union, Igwe Achese, said the suspension was as a result of the timely intervention of the Director

BUSINESS

FG Hands over Apapa Road Design to Dangote, Raises Trailer Park Cost to N9.55bn

Daily Dispatch February 15, 2018

The Federal Executive Council (FEC) wednesday said it had completed the design for the reconstruction of a major part of Apapa-Oworonshoki expressway in Lagos meant to be concessioned to Dangote Group and consequently handed it to the company. The council also approved the augmentation of the contract cost for the construction of trailer and truck […]

BUSINESS

NAFDAC seals 24 unlicensed bakeries in Borno

Daily Dispatch February 14, 2018

The National Agency for Food, Drug Administration and Control (NAFDAC) on Wednesday said it had sealed 24 bakeries in Maiduguri for operating without licences. The Coordinator of the agency in Borno, Mr Nasiru Mato, made the disclosure while briefing newsmen in Maiduguri. Mato said the bakeries were sealed sequel to non-compliance with standard operational guidelines […]

BUSINESS

BREAKING: Inflation rate drops to 15.1% in January – NBS

Daily Dispatch February 14, 2018

The National Bureau of Statistics on Wednesday released the Consumer Price Index  which measures inflation with the rate dropping by 0.24 per cent basis from 15.37 per cent in December to 15.13 in January. The bureau in the report made available to our correspondent said this is the twelfth consecutive months that the index would be declining. […]

BUSINESS

Yam exporters set to ship another consignment to UK, USA

Daily Dispatch February 13, 2018

Prof. Simon Irtwang, Chairman, Technical Committee on Yam Export, on Tuesday said yam exporters were finalising processes to export another consignment of yam in the first quarter. Irtwang told the News Agency of Nigeria (NAN) in Lagos that the consignment would also be for the United Kingdom and United States of America. According to him, […]

BUSINESS

NCAA dismisses Air Peace’s aircraft theft claim

Daily Dispatch February 12, 2018

The Nigerian Civil Aviation Authority (NCAA) has dismissed claims by Air Peace that its aircraft was burgled. The air carrier had claimed that the rear cargo hold of its Flight 7138 holding for departure on Runway 18R of the Murtala Muhammed Airport, Lagos was opened by thieves on February 8. But the aviation regulatory body […]