BUSINESS

Sanusi to the rescue as Oando resolves SEC case

Daily Dispatch January 22, 2018

Muhammadu Sanusi II, emir of Kano, has waded into the dispute between the Securities Exchange Commission (SEC) and Oando Plc. Dahiru Mangal, a key shareholder in Oando, had submitted a petition to SEC, which led to the suspension of Oando shares on the Nigerian Stock Exchange and Johannesburg

BUSINESS

77.5m Nigerians engage in economic activities in Q3 – NBS

Daily Dispatch January 22, 2018

The National Bureau of Statistics (NBS) says 77.55 million people are engaged in economic activities out of a labour force of 85.08 million in the third quarter of 2017. The NBS disclosed this in a “Labour Force Statistics Volume 2: Employment by Sector report for Third Quarter of 2017’’ released by the bureau on Monday […]

BUSINESS

PIGB to curtail stealing, revenue loss in oil industry – NEITI

Daily Dispatch January 21, 2018

The Nigeria Extractive Industries Transparency Initiative, NEITI, Sunday, commended the National Assembly for the passage of the Petroleum Industry Governance Bill, PIGB, stating that the Bill would stem the massive loss of revenue recorded in the petroleum industry, arising from corrupt practices and process lapses. NEITI, in a statement in Abuja, said it previous reports

BUSINESS

Fuel scarcity: NNPC releases 250 trucks to Lagos – Ndu Ughamadu

Daily Dispatch January 21, 2018

The Nigerian National Petroleum Corporation (NNPC) on Sunday said that it had released 250 trucks of petrol to Lagos metropolis for effective dispensing at filling stations to forestall any scarcity. Mr Ndu Ughamadu, the corporation’s Group General Manager, Group Public Affairs Division, disclosed this in an interview with News Agency of Nigeria (NAN) in Lagos. […]

BUSINESS

Nigeria to produce seed yams for export

Daily Dispatch January 21, 2018

The technical committee on Nigeria Yam Export Programme is working with the University of Agriculture, Umudike and the International Institute of Tropical Agriculture (IITA) to produce seed yams for export. Prof. Simon Irtwang, the programmes’ chairman told the News Agency of Nigeria (NAN) in Lagos that the seed yams would be given to farmers to […]

BUSINESS

2018: Customs target N1.3trn revenue not N1.5trn

Daily Dispatch January 21, 2018

Mr Joseph Attach,  the Public Relations Officer of Nigeria Customs Service (NCS), said that the service had set N1.3 trillion revenue target for 2018. Attah told the News Agency of Nigeria (NAN) on Sunday in Abuja that the Service recorded its highest revenue collection ever of over N1 trillion as against N770 billion targeted in 2017. […]