BUSINESS

Shell Opens Fast-Charging Service For Electric Vehicles

Daily Dispatch October 18, 2017

Oil major Royal Dutch Shell has launched a fast-charging service for electric vehicles at three Shell service stations near London and in northern England, the company said on Wednesday. The service, which charges most electric vehicle batteries from zero to 80 per cent within half an hour, is

BUSINESS

Oil Price Rises Towards $59 On Tighter US Market, Middle East Tensions

Daily Dispatch October 18, 2017

Oil prices rose on Wednesday, lifted by a fall in US crude inventories and concerns that tensions in the Middle East could disrupt supplies. Brent crude futures, the international benchmark for oil prices, were at $58.27 at 0131 GMT, up 39 cents, or 0.7 per cent from their last close – and a third above […]

BUSINESS

Kerosene, Petrol more expensive in September – NBS

Daily Dispatch October 18, 2017

The average prices of petrol and kerosene as bought by Nigerians increased in September 2017. This, however, contrasts with the decline recorded in average prices of cooking gas and diesel. The average prices of the petroleum products were made known in four separate reports on petrol, kerosene, cooking gas and diesel prices released yesterday by […]

BUSINESS

Nigerian Ports Authority deliberately frustrated attempts to address TSA issues – Atiku’s Intels

Daily Dispatch October 17, 2017

Oil and gas logistics giant, Intels Nigeria Limited, a company co-owned by ex-vice president Atiku Abubakar, says the management of the Nigerian Ports Authority (NPA) deliberately frustrated attempts to address the issues concerning implementation of the Treasury Single Account (TSA) in the execution of its pilotage agency agreement. NPA had based the termination of its

BUSINESS

NLNG demands $315m judgment debt from NIMASA

Daily Dispatch October 17, 2017

The Management of Nigeria LNG has formally issued a demand notice for the sum of $315,598,823.29 judgment debt to the Nigerian Maritime Administration and Safety Agency (NIMASA). The sum represents the payments made under protest to the Agency by NLNG since 2013, as well as direct and shipping losses incurred by NLNG due to the […]

BUSINESS

Court orders interim forfeiture of N1.96bn linked to Ontario Oil

Daily Dispatch October 16, 2017

A Federal High Court in Lagos has ordered the interim forfeiture of N1.96 billion allegedly belonging to an oil company, Ontario Oil and Gas, over alleged fraudulent sale of refined petroleum. Justice Hadiza Shagari, issued the order, following an ex parte application filed by the Economic and Financial Crimes Commission (EFCC) seeking attachment of the […]