BUSINESS

Dangote Group trains 150 indigenous engineers in refinery operations

Daily Dispatch February 5, 2018

The Management of Dangote Oil Refinery Company (DORC) says about 150 indigenous engineers have been trained in refinery operations in preparation for the take-off of its Lagos Refinery and Petrochemical Plant. Mohan Kumar, the company’s Director of Human Capital Management and Project Support,

BUSINESS

Central bank injects $210 million into foreign exchange market

Daily Dispatch February 5, 2018

The Central Bank of Nigeria (CBN) has injected $210 million into the inter-bank Foreign Exchange Market to ensure availability and meet customers’ requests in various segments of the market. Giving a breakdown of the amount, the acting Director, Corporate Communications, Isaac Okorafor, said in Abuja on Monday that the wholesale segment of the market received […]

BUSINESS

Stop controlling petrol distribution, RTEAN tells FG

Daily Dispatch February 4, 2018

Road Transport Employers Association of Nigeria (RTEAN), has urged the Federal Government to stop controlling the distribution of petrol and ensure end to products scarcity in the country. Alhaji Musa Isiwele, the National President of RTEAN told newsmen on Sunday in Abuja that the  scarcity situation made it impossible to control transport fare. “There is […]

BUSINESS

22 Indian sailors, oil tanker vanish in Cotonou

Daily Dispatch February 4, 2018

A Panama-flag merchant ship, MT Marine Express, with 22 Indian sailors, has been reported missing in  Cotonou, Republic of Benin, since 1 February. Hijack is suspected. The owners of the oil tanker,  which was loaded with gas oil, have sought the help of the directorate general of shipping in Mumbai to get in touch with their counterparts […]

BUSINESS

Petroleum tanker drivers denies going on strike

Daily Dispatch February 2, 2018

Petroleum Tanker Drivers, PTD, an arm of the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has described as mischievous and unfounded insinuations that its members will be going on strike on Monday, February 5, 2018. In a statement, PTD’s National Chairman, Comrade Salimon Akanni Oladiti, insisted that the union never issued any three […]

BUSINESS

SEC scandal: the documents that nailed Gwarzo

Daily Dispatch February 2, 2018

The documents received by the Administrative Panel of Inquiry (API) have reinforced the claim that the suspended Director-General, Securities and Exchange Committee (SEC), Mounir Gwarzo,  was a director  in two private companies. The 18 page documents obtained by our correspondent showed that Gwarzo was indeed a director and shareholder at Medusa Investments Limited and