BUSINESS

SENATE EXPRESSES WORRY OVER TOTAL EGINA $16 BILLION PROJECT

Daily Dispatch December 4, 2017

The Senate Committee on Local Content has expressed fear over the likelihood of Nigeria not reaping any real benefit from its investment in a $16Billion deep sea offshore Egina oil Project being majorly undertaken by Total Upstream Nigeria Limited, TUNL, and other sub contractors. Expressing

BUSINESS

No plan to increase fuel price – NNPC

Daily Dispatch December 4, 2017

The Nigerian National Petroleum Corporation (NNPC) has once again emphasized that there is no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming yuletide. The NNPC in a release informed that the ex-depot petrol price of N133.38 per litre and the pump price of […]

BUSINESS

Emefiele is the best CBN governor in history-Jim Ovia

Daily Dispatch December 4, 2017

Jim Ovia, Zenith Bank Plc chairman, says Godwin Emefiele is the best governor the Central Bank of Nigeria (CBN) has ever had. Ovia made this statement while accepting a honorary degree of doctor of business administration at the 47th convocation of the University of Nigeria (UNN). Ovia and Emefiele are alumni of the UNN. “As […]

BUSINESS

Gwarzo’s suspension won’t affect our regulatory effectiveness –SEC

Daily Dispatch December 3, 2017

The Securities and Exchange Commission on Sunday said it would not allow the suspension of its Director-General, Mounir Gwarzo, to affect its regulatory effectiveness. The Minister of Finance, Mrs. Kemi Adeosun, had, on Wednesday, announced the suspension of Gwarzo and two management staff of the commission over allegationss of financial impropriety. The minister had also

BUSINESS

We’ll increase pump price of fuel from N145 to N160 per litre – PMAN warns

Daily Dispatch December 3, 2017

The Ore depot branch of the Independent Petroleum Marketers Association of Nigeria, PMAN, has threatened to increase price of petrol from the approved price of N145 to about N160 per litre. The chairman of the branch, Shina Amoo, told Punch that marketers in some states in the South-West would not have to increase petrol price […]

BUSINESS

Abdul Zubair appointed acting DG of SEC

Daily Dispatch December 3, 2017

The federal government on Sunday announced the appointment of Abdul Zubair as acting director-general, Securities and Exchange Commission (SEC). In a statement made available to NAN, Efe Ebelo of the commission’s corporate communications unit said the appointment was with immediate effect. The appointment followed the suspension of Munir Gwarzo, the commission’s boss. She