BUSINESS

Dangote Refinery: Nigerians excited over pace of work

Daily Dispatch October 15, 2017

Nigerians on Sunday in Abuja showed excitement about the pace of work at the refinery being built by Forbes richest man in Africa, Aliko Dangote. NAN reports that the Dangote Refinery is an integrated petro-chemical complex which will, apart from refining crude oil to petroleum products, have

BUSINESS

Graph: How 36 states shared N173bn in September

Daily Dispatch October 15, 2017

The 36 states shared N173.8 billion from the Federation Account in September from the distributable revenue generated for the month. The breakdown was obtained by the News Agency of Nigeria (NAN) in a report from the office of the Accountant-General of the Federation in Abuja. The funds are usually shared the proceeding the month of […]

BUSINESS

Oil will crash to $10 a barrel with electric vehicle revolution, strategist says

Daily Dispatch October 14, 2017

Oil prices are poised to crash to just $10 per barrel over the next six to eight years as alternative energy fuels continue to attract more and more investors, Chris Watling, chief executive of Longview Economics, told CNBC on Friday. When looking ahead to 2018, Watling acknowledged that a key catalyst for the oil market […]

BUSINESS

18 states to benefit from $500m World Bank projects

Daily Dispatch October 13, 2017

Ularamu Ubandoma, the National Coordinator, Rural Access and Mobility Project, says 18 more states will benefit from $500 million World Bank assisted projects. The project is under the Rural Access and Agricultural Marketing Project. Ubandoma said this at the unveiling of selected participants in the 18 states under the RAAMP 3 project and Pre Appraisal […]

BUSINESS

INFRASTRUCTURE: NIGERIA ASKS WORLD BANK, IMF TO SCALE UP RENEWABLE ENERGY

Daily Dispatch October 13, 2017

Nigeria has asked the World Bank Group and the International Monetary Fund (IMF) to scale up the provision of and access to renewable energy in order to deliver development results and meet global climate goals. Nigeria’s position on renewable energy and regional integration was presented by the Minister of Finance, Mrs. Kemi Adeosun, during the […]

BUSINESS

NIPOST to introduce banking services – manager

Daily Dispatch October 13, 2017

Godwill Magulike, district manager of Ilorin division of the Nigeria Postal Service (NIPOST), says the agency will soon introduce banking services in its operation. Speaking with NAN on Friday, Magulike said the banking services would enable Nigerians to send money within and outside the country. He said the plan to introduce the service is geared […]