BUSINESS

Fayemi promises probe of Chinese gold mining company

Daily Dispatch December 2, 2017

The Minister of Mines and Steel Development, Dr. Kayode Fayemi, has promised to investigate activities of ISS-Hass Ltd, a Chinese mining company licensed to operate in Garin Awal Village, Fakai Local Government of Kebbi State over alleged breach of agreement it reached with its host community.

BUSINESS

FG sets aside N5bn for local miners – Fayemi

Daily Dispatch December 2, 2017

The Federal Government has set aside N5 billion to empower artisan miners across the country as part of measures to ensure participation of all Nigerians in economic development. The Minister of Mines and Mineral Resources, Dr. Kayode Fayemi, disclosed this on Saturday when he inspected the gold mining site at Garin Awal at Fakai Local […]

BUSINESS

Two Oil Wells In Shell’s Field Shut Down In Bayelsa By Community Members

Daily Dispatch November 30, 2017

Some members of a community in Bayelsa State on Wednesday disrupted oil production at Adibawa Oil fFeld operated by Shell Petroleum Development Company shutting two oil wells. A reliable source, who pleaded anonymity, told the News Agency of Nigeria that the protesters were from Tanbiri II, Biseni in Yenagoa, who were demanding power supply from […]

BUSINESS

OPEC to decide Nigerian, Libyan oil output

Daily Dispatch November 29, 2017

OPEC will debate this week whether to cap oil output from Nigeria and Libya, which have so far been excluded from supply curbs due to falling production amid unrest, two sources with knowledge of the matter said on Wednesday. The 14-member OPEC meets on Thursday to decide whether to extend production cuts until the end […]

BUSINESS

Nestle fined $96,500 over substandard Maggi noodles

Daily Dispatch November 29, 2017

Authorities in northern India have fined Swiss food giant Nestle $96,500 after food inspectors found contamination in samples of its popular Maggi noodles, two years after the controversy first surfaced. Uttar Pradesh state’s Shahjahanpur district fined the Swiss firm 4.5 million rupees and its distributors 1.7 million rupees, taking the total penalty to 6.2 million […]

BUSINESS

AfDB plans 25m jobs for youths

Daily Dispatch November 29, 2017

The President, African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has launched the Presidential Youth Advisory Group (PYAG), an initiative that will create 25 million jobs. PYAG, launched on the side-lines of the 6th EU-Africa Business Forum in Abidjan, would provide insights and innovative solutions for job creation for Africa’s youth as outlined in the […]