BUSINESS

A $4.2billion libel suit slam on MTN by an Iranian firm

Daily Dispatch November 1, 2017

Few months after Nigerian Communications Commission (NCC) slammed a N1.04 trillion fine on Mobile Telecommunications Company of Nigeria (MTN) for failing to deactivate some 5.1 million subscribers, the firm has landed into yet another $4.2 billion trouble over its licence bid in Iran. This time

BUSINESS

Dangote storms 2017 Lagos Trade Fair, promises consumer pocket friendly prices

Daily Dispatch October 31, 2017

The pan-African Conglomerate, Dangote Group, as part of its strategies to increase market share and deepen customers’ affection, companies under the Group will storm the Lagos International Trade Fair kicking off on Friday at the Tafawa Balewa Square Onikan, Lagos. Business units from the group that are exhibiting at the fair include Dangote Sugar Refinery, […]

BUSINESS

President Buhari commends Yemi Osinbajo, others over World Bank ranking

Daily Dispatch October 31, 2017

President Muhammadu Buhari on Tuesday commended the Presidential Enabling Business Environment Council chaired by Vice President Yemi Osinbajo over the improvement of Nigeria on the World Bank’s Doing Business latest rankings. In a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President commended the PEBEC team for a job well […]

BUSINESS

NNPC ready to secure downstream assets – Ndu Ughamadu

Daily Dispatch October 30, 2017

The Nigerian National Petroleum Corporation (NNPC) has mapped out strategies to boost security around its depots and pump stations to ensure they remain functional. A statement by Mr Ndu Ughamadu, NNPC Group General Manager, Public Affairs Division, said this was part of efforts to consolidate on the successes recorded in the steady supply and distribution […]

BUSINESS

NNPC set to grow revenue generation

Daily Dispatch October 29, 2017

The Nigerian National Petroleum Corporation (NNPC) says it will  grow the nation’s revenue with the flag off of marine seismic data acquisition in Oil Mining Leases 83 and 85 in the Niger Delta. A statement by its group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu in Abuja on Sunday said the flag off […]

BUSINESS

59 years after, Oloibiri oil well gets face-lift

Daily Dispatch October 29, 2017

Fifty-nine years after its crude oil hits the market, Oloibiri Oil Well in Ogbia in Bayelsa, has been transformed to a tourist attraction by the military. The country’s first oil well was renovated by the 16 Brigade of Nigerian Army as part of ongoing Operation Crocodile Smile II. The state’s Deputy Governor, Retired Rear Admiral […]