BUSINESS

Senate partners Russian oil giants to develop Nigeria’s oil and gas

Daily Dispatch October 19, 2017

The Senate said on Thursday that it had began talks with Russian oil companies for partnership to develop Nigeria’s oil and gas sector. Disclosing this in an interview with newsmen in St. Petersburg, Russia, Chairman, Senate Committee on Oil and Gas, Sen. Bassey Akpan, said it was time Nigeria

BUSINESS

GTBank records N125.58bn profit in third quarter

Daily Dispatch October 18, 2017

Guaranty Trust Bank (GTB) Plc on Wednesday posted profit of N125.58 billion for the third quarter ended Sept. 30, 2017. The News Agency of Nigeria (NAN) reports that this is according to the bank’s third quarter result released by the Nigerian Stock Exchange (NSE). The report showed that the profit represented a growth of N8.49 […]

BUSINESS

Naira maintains N361 per dollar at parallel market

Daily Dispatch October 18, 2017

The Naira on Wednesday exchanged at N361.50 to the dollar at the parallel market, maintaining same rate for the past one-week, the News Agency of Nigeria (NAN) reports. The Pound Sterling and the Euro traded at N475 and N425, respectively. At the Bureau De Change (BDC) window, the naira was sold at N361.50, while the […]

BUSINESS

Osinbajo meets with Kachikwu, Baru ‘over joint venture cash call’

Daily Dispatch October 18, 2017

Vice-President Yemi Osinbajo on Wednesday met with Ibe Kachikwu, minister of state for petroleum resources, and Maikanti Baru, group managing director of the Nigerian National Petroleum Corporation (NNPC) at the presidential villa in Abuja. Addressing state house correspondents at the end of the meeting, Kachikwu said issues around oil fields as well as the opening of […]

BUSINESS

World Bank denies disagreeing with Adeosun on foreign borrowings

Daily Dispatch October 18, 2017

The World Bank Group on Wednesday denied that the Bank disagreed with the Minister of Finance, Kemi Adeosun, over the borrowings by the Nigerian Government to stimulate the economy and finance infrastructure projects in the country. In a mail to the Minister by the Senior Communications Officer of the World Bank, Rachid Benmessaoud, the Bank […]

BUSINESS

Nigeria Mining Jurisdiction Now Better Rated In Investment Risk Profile – Fayemi

Daily Dispatch October 18, 2017

The Minister of Mines and Steel Development, Dr. Kayode Fayemi, has attributed the recent growth in the mining sector and the improvement in the investment risk profile of the country’s mining jurisdiction to the success of the reforms being put in place by the Federal Government. Specifically, the Minister cited efforts of the Presidential Enabling […]