BUSINESS

ICRC to collaborate with Shippers’ Council to fund dry ports’ projects

Daily Dispatch January 2, 2018

The Infrastructure Concession and Regulatory Commission (ICRC) is to collaborate with the Nigerian Shippers’ Council (NSC) to make Inland Dry Ports (IDPs) bankable and be attractive to more concessionaires. The Acting Director-General of ICRC, Mr Chidi Izuwah, said this in a publication of the

BUSINESS

Fuel scarcity: Senate blames NNPC, oil marketers

Daily Dispatch January 2, 2018

The Chairman of the Senate Committee on petroleum (downstream), Senator Kabiru Marafa has blamed the Nigeria National Petroleum Corporation (NNPC) and oil marketers over short supply of the petroleum products in the country. Marafa revealed this on Monday in Gusau during an oversight assignment on fuel situation in the country. The chairman, who was accompanied […]

BUSINESS

Declare state of emergency on economy, Obi urges Buhari

Daily Dispatch January 1, 2018

A former governor of Anambra State, Mr. Peter Obi has urged the Federal Government to declare a state of emergency on the economy. Obi stated this on Monday in his new year message through his media aide, Mr. Val Obienyem. The former governor said this had become necessary because of the dwindling indices of growth and development […]

BUSINESS

Nigeria’s gas production rose by 20.23 percent in 2015 – NEITI

Daily Dispatch December 30, 2017

The Nigeria Extractive Industries Transparency Initiative (NEITI) on Friday said Nigeria’s gas production rose by 20.23 per cent in 2015. NEITI said this in Abuja in its audit-covered operations in the country’s oil and gas industry for the period of 2015. According to the report, the country’s gas production rose by 20.23 per cent from […]

BUSINESS

Emefiele’s Ingenuity Makes Nigeria’s Equity Market One Of World’s Top Performers In 2017 – CNN Report

Daily Dispatch December 28, 2017

The ingenuity of Governor Godwin Emefiele, the head of the Central Bank of Nigeria, CBN, in the management of the foreign exchange market helped notch Nigeria’s stock market to be amongst the five (5) top performers in 2017, topping equities markets of most major European, Middle Eastern and Asian countries. A CNN report, which examined […]

BUSINESS

AfDB in $253m loan donor loan agreement with France

Daily Dispatch December 28, 2017

The Africa Development Bank (AfDB) has signed a concessional donor loan agreement with France to the tune of $ 253 million as support for the 14th replenishment of the African Development Fund (ADF). Established in 1972, the ADF represents an enduring development partnership between African countries and donors. The Fund is part of the African […]