BUSINESS

Tin-Can Customs generate N183bn in 8 months

Daily Dispatch September 7, 2017

The Tin-Can Island Port Command of the Nigeria Customs Service (NCS) generated N183 billion between January and August 2017, its Customs Area Controller, Yusuf Bashar said. The customs area comptroller said this in a statement issued by the Public Relations Officer of the command, Mr Uche

BUSINESS

Hurricane Harvey pushes oil prices to $54 per barrel

Daily Dispatch September 7, 2017

Oil prices rose on Wednesday and remained so on Thursday due to the closure of refineries as a result of Hurricane Harvey, which knocked out refineries, pipelines, and ports in some parts of the United States. By 7am on Thursday morning, Brent crude, the international benchmark, traded at $54.02 per barrel, a 16 cents drop […]

BUSINESS

MAN gets interim management committee

Daily Dispatch September 6, 2017

The Minister of Transportation, Mr Rotimi Amaechi on Wednesday inaugurated six-man Interim Management Committee to restructure Maritime Academy of Nigeria (MAN), Oron. Amaechi, while inaugurating the committee in Abuja, said that the Federal Government had approved the implementation of the reports earlier submitted by the committee. He said that the committee was earlier

BUSINESS

Two MTN contractors charged with theft of company’s N3m batteries

Daily Dispatch September 6, 2017

For allegedly stealing batteries valued at N3m belonging to MTN, two men– Ikechukwu Nwobodo and Okechukwu Benjamin– were on Wednesday brought before an Ikeja Magistrates’ Court in Lagos. The accused — Nwobodo, 33, a technician and resident of Aguda area of Lagos, and Benjamin, 32, an engineer and resident of Yaba, Lagos — are being […]

BUSINESS

Nigeria spends N722bn on expertise importation – Air Peace chief

Daily Dispatch September 6, 2017

The Managing Director of Air Peace Limited, Mr. Allen Onyema, has said that the aviation industry loses over N722.8bn ($2bn) annually to import technical expertise. Onyema said the development was one of the factors weakening the naira and adversely affecting the economy as it was making a high demand on foreign exchange. “The aviation industry […]

BUSINESS

IPMAN commends NNPC on crash of petrol price

Daily Dispatch September 5, 2017

The Independent Petroleum Association of Nigeria (IPMAN), on Tuesday commended the management of Nigeria National Petroleum Corporation (NNPC) for crashing the price of petrol. IPMAN chairman in the Western zone, Alhaji Ahmed Debo, made the commendation on Tuesday in Lagos in an interview with the News Agency of Nigeria (NAN). He said that the fall […]