BUSINESS

Oando Plc conceives Lagos Midstream Jetty, to save Nigeria $50million annually

Daily Dispatch November 8, 2017

Across Africa, the Public Private Partnership (PPP) model has become increasingly critical as both a funding and operational mechanism for social and economic infrastructures. The World Bank established that a target of $93 billion per year is required to meet the infrastructural needs of

BUSINESS

29 foreigners on trial over alleged illegal dealing in petroleum products

Daily Dispatch November 7, 2017

Twenty-nine Benin nationals, including a woman, were on Tuesday hauled up before a Federal High Court in Lagos charged with dealing in petroleum products without licenses. They were, however, refused bail and were remanded in prison until the next date of adjournment. The Economic and Financial Crimes Commission had arraigned them for dealing in petroleum […]

BUSINESS

Non-payment of bills would worsen irregular power supply – DisCos

Daily Dispatch November 7, 2017

The Association of Nigerian Electricity Distributors (ANED) has called on Nigerians to pay their electricity bills promptly as non-payment of electricity bills would worsen the irregular power supply in Nigeria. Mr Sunday Oduntan, its Executive Director (Research and Advocacy), said in a statement in Lagos that lack of steady power supply had hindered the development […]

BUSINESS

Infrastructure : Experts take on FG on proposed $5.5bn loan

Daily Dispatch November 6, 2017

Nigerians, especially economic experts, on Monday expressed concern over the Federal Government’s intention to borrow 5.5 million dollars to fund some capital projects captured in the 2017 budget. President Muhammadu Buhari presented a four-page letter to the Senate which showed that the proposed borrowing was for the implementation of the external borrowing approved in

BUSINESS

World Bank warns Nigerians against fraudulent cooperative scheme

Daily Dispatch November 6, 2017

The World Bank has issued a fraud alert warning Nigerians against a ‘cooperative’ scheme being promoted in the name of the global financial institution. In a statement made available to our correspondent by the Bank’s spokesperson, Olufunke Olufon, on Monday, the Bank said it had no hand in the “fraudulent scheme.” It said, “The World […]

BUSINESS

Ukrainian Envoy calls for speedy revitalisation of Ajaokuta steel company

Daily Dispatch November 6, 2017

The Ukrainian Ambassador to Nigeria, Dr. Valerii Aleksanruk has called for speedy revitalization of Ajaokuta Steel Company to pave way for early industrialization of Nigeria. Aleksanruk made the call at the training/induction ceremony and inauguration of the President/Chairman Governing Council of the Chattered Institute of Public Diplomacy and Management, CIPDM in Abuja.