BUSINESS

NNPC faults DAPPMA claim over product supply

Daily Dispatch December 27, 2017

The Nigerian National Petroleum Corporation (NNPC) has faulted the statement credited to the Depot and Petroleum Products Marketers Association (DAPPMA) on the fuel supply situation in the country. It described the claim as unfortunate in a statement signed by Mr Ndu Ughamadu, Group General

BUSINESS

Oil hits $67 per barrel on Libyan pipeline blast

Daily Dispatch December 27, 2017

Oil prices have touched two-and-a-half year highs in light volume boosted by an explosion on a crude pipeline in Libya and voluntary OPEC-led supply cuts. Libya has lost around 90,000 bpd of crude oil from a blast on a pipeline feeding Es Sider port, a Libyan oil source said, adding that NOC was still assessing […]

BUSINESS

Postmaster General of the Federation elected African Postal CEO’s Forum

Daily Dispatch December 27, 2017

Postmaster General of the Federation and Chief Executive Officer, Nigeria Postal Service, Barrister Bisi Adegbuyi has been elected Chairman of the African Postal CEO’s Forum. Barrister Bisi Adegbuyi of the Nigerian post election was at 8th edition of the forum held (8th- December, 2017) in Abidjan, Cote d’ivoire and for a period of three(3) years […]

BUSINESS

How NNPC caused fuel scarcity—Iheanacho

Daily Dispatch December 26, 2017

An oil and gas merchant, Capt. Emmanuel Iheanacho, has attributed the persistent scarcity of petrol to monopoly of the product by the Nigerian National Petroleum Corporation (NNPC). Iheanacho, also the Chairman, Integrated Oil and Gas Ltd., told the News Agency of Nigeria (NAN) in Lagos on Tuesday that the inability of NNPC to create a […]

BUSINESS

NNPC uncovers illegal fuel reservoirs in Abuja

Daily Dispatch December 26, 2017

As a further authentication of its claims that the lingering fuel scarcity causing incessant queues at various filling stations across the country is artificial and inexistence but the very handwork of oil marketers who hoarded the product thereby causing untold hardships for innocent Nigerians, the Nigerian National Petroleum Corporation (NNPC) has announced its discovery

BUSINESS

Afreximbank, Islamic Corporation sign $100m loan deal for SMEs

Daily Dispatch December 24, 2017

The Islamic Corporation for the Development of the Private sector (ICD) and the African Export-Import Bank (Afreximbank) have signed a line of financing agreement for a USD 100-million facility. The facility will be utilised by Afreximbank to provide Shariah-compliant financing to small and medium-sized enterprises (SMEs) in its member countries in Africa. Afreximbank has