BUSINESS

Global Market- Oil rises to $56

Daily Dispatch September 11, 2017

The U.S. dollar won a reprieve from risk aversion on Monday after North Korean Kim Jong Un held a party over the weekend rather than launch another missile, tempering safe havens such as the yen and Treasuries. In commodity markets, gold softened 0.7 per cent to 1,337.81 dollars an ounce and

BUSINESS

Dangote Cement’s Half Year Rise, Signal End Of Recession

Daily Dispatch September 10, 2017

Dangote Cement’s half year jump in revenue and bottom line should signal the economy’s exit from recession, given that the stock is cyclical and the company makes more than a third of the Nigerian Stock Exchange (NSE). The improved showing has had analysts review upwards, their estimate of the biggest cement maker in West Africa. […]

BUSINESS

NNPC stockpiles petrol to sustain price crash

Daily Dispatch September 10, 2017

A daily record of operations of the Nigerian National Petroleum Corporation (NNPC) has disclosed the corporation’s plans to sustain the petrol pump price crash it started last week with a healthy build-up of stocks. Records obtained Saturday from both the Petroleum Products Pricing Regulatory Agency (PPPRA) and NNPC’s Crude Oil Marketing Department (COMD), indicated that,

BUSINESS

Telecoms sector adds N1.5tn to GDP in second quarter – NCC chief

Daily Dispatch September 9, 2017

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof Umar Garba Danbatta, has said that the telecoms sector contributed N1.549 trillion to the Gross Domestic Product (GDP) in the second quarter of 2017, representing 6.68 per cent increase from the first quarter of the year (N1.452 trillion). Speaking while receiving the Chairperson of […]

BUSINESS

NNPC, ExxonMobil seeking new measure to increase crude oil production

Daily Dispatch September 7, 2017

Group Managing Director of NNPC, Dr. Maikanti Baru, has disclosed that the Nigerian National Petroleum Corporation (NNPC) and its upstream joint venture partner, ExxonMobil, are seeking new measures to expand existing operational portfolio with a view to increasing crude oil production . Baru, made the disclosure during a meeting with a high-powered ExxonMobil delegation

BUSINESS

FG starts pre-offer road show for N100bn Sukuk

Daily Dispatch September 7, 2017

The Debt Management Office on Thursday started a national road show in Lagos in preparation for the issuance of the much awaited N100bn non-interest bearing Sukuk bond. The DMO, in a statement issued on in Abuja, said the road show led by the Director-General, Ms Patience Oniha, would also be held in Kano, Kaduna and […]