BUSINESS

FG not contemplating hike in petrol pump price – SGF

Daily Dispatch December 23, 2017

The Secretary to the Government of the Federation, Boss Mustapha has assured Nigerians that the Federal Government is not contemplating any form of hike in the pump price of petroleum products. Mustapha disclosed this on Saturday at the handing over ceremony of the mantle of leadership as the

BUSINESS

Shell Petroleum doles out N14m to youths

Daily Dispatch December 22, 2017

The Shell Petroleum Development Company (SPDC) has distributed N14 million to 35 graduates of its 2017 Regional LiveWIRE entrepreneurial programme. The cheques for the money were distributed on Friday in Effurun, Delta state. Each of the beneficiaries of the programme got N400,000 as business start-up grant. In his address of welcome, the General Manager, External […]

BUSINESS

NNPC attains 98% automation of oil marketing

Daily Dispatch December 21, 2017

The Nigerian National Petroleum Corporation (NNPC) says it  has achieved 98 per cent automation of all transactions involving the supply, marketing and sale of the various grades and blends of Nigeria’s crude oil across the world. The Corporation disclosed this in a statement signed by Mr Ndu Ughamadu,its  Group General Manager, Group Public Affairs Division, […]

BUSINESS

NCP approves privatisation of remaining 5 out of the 23 subsidiaries of NMC

Daily Dispatch December 21, 2017

The National Council on Privatisation (NCP), at its 4th meeting for 2017, which held on Friday, 15th December 2017, approved the privatisation of the remaining 5 (out of the 23) subsidiaries of the Nigerian Mining Corporation (NMC). The NCP approved the sale of Naraguta Bricks and Clay Company to University of Jos at the offer […]

BUSINESS

Obu Mines: BUA hails Dangote’s decision to maintain status quo

Daily Dispatch December 21, 2017

BUA International Limited has lauded Dangote Cement Plc’s resolve to maintain status quo while awaiting the outcome of the court suit over the contentious Obu Mines of No. ML2541 located in Okpella, Edo State. The contentious issue over the mines have been reported to a competent court of jurisdiction which has ordered all parties: BUA, […]

BUSINESS

BREAKING: Eni, Shell to stand trial in Italy over Nigeria bribery scandal

Daily Dispatch December 20, 2017

Italian giant Eni and fellow petroleum company Shell will stand trial in Italy over allegations of bribery and corruption in the 2011 purchase of an offshore oil block in Nigeria. A judge in Milan ordered Eni, Shell and key figures such as Eni chief Claudio Descalzi and his predecessor Paolo Scaroni to stand trial in […]