BUSINESS

Security challenge our major impediment to the exploration of oil in the Chad Basin- NNPC says

Daily Dispatch January 30, 2018

The Nigerian National Petroleum Corporation, NNPC, has observed that security challenge is a major impediment to the exploration of oil in the Chad Basin. The General Manager, Frontier Exploration Services of NNPC, Dr Mazadu Bako, who made the observation at the 50th anniversary celebration of

BUSINESS

Senate to drill CBN Governor, others, over exorbitant bank charges

Daily Dispatch January 30, 2018

The Nigerian Senate, has resolved to investigate and amend the excess and arbitrary charges incurred by customers of banks across the nation. This was sequel to a motion sponsored at the floor of the Senate on Tuesday, by Senator Magnus Abe (Rivers South East). Consequently, the Senate urged the federal government to proactively protect customers […]

BUSINESS

FADAMA III trains farmers in Kogi on new farming technology

Daily Dispatch January 29, 2018

The FADAMA III Additional Financing (AFII) programme has started training farmers in Kogi on how to use simple farming technology to boost agriculture. Ms Josephine Unekwu, FADAMA III Communication Officer in Kogi, made this known via a statement on Monday in Abuja. She said that the FADAMA III AF II programme would strive to improve […]

BUSINESS

NDDC, China plan 7,000 mega watts regional power project in Niger Delta

Daily Dispatch January 29, 2018

The Niger Delta Development Commission (NDDC) says it is in discussion with a Chinese firm to establish a regional power pool project in the Niger Delta. The NDDC Managing Director, Mr Nsima Ekere, disclosed this in a statement issued by the commission’s Director of Corporate Affairs, Ibitoye Abosede, on Monday in Port Harcourt. Ekere, represented […]

BUSINESS

We’ve records of those with forged tax certificate – Kemi Adeosun

Daily Dispatch January 29, 2018

The minister of finance, Kemi Adeosun, says the federal government plans to eradicate sharp practices that could compromise the integrity of tax administration and revenue system. Speaking during a meeting between the ministry’s whistleblower unit and the presidential initiative on continuous audit (PICA), Adeosun said the finance ministry has information on those who

BUSINESS

Nigeria, 22 African countries launch single aviation market

Daily Dispatch January 29, 2018

Twenty-three African states, including Nigeria, South Africa and Kenya, have launched a single aviation market in a bid to boost connectivity, reduce fares and stimulate economic growth on a continent widely considered the most expensive and inconvenient to fly around, reports FT. Three decades after the concept was first proposed, the 55-member African Union on […]