BUSINESS

Oil marketers refutes NNPC’s claims on the crash of PMS price

Daily Dispatch September 4, 2017

Oil marketers under the aegis of the Depot and Petroleum Products Marketers Association refuted the NNPC’s claims on the crash of the PMS price, arguing that the corporation might have reduced petrol price at its stations because of its relative ease of assessing foreign exchange. The NNPC said

BUSINESS

NNPC Shake up: Ohanaeze cries foul    …urges Buhari to promote unity and good governance. 

Daily Dispatch September 3, 2017

The apex socio political Organization of Ndigbo, the Ohanaeze has appealed to President Muhammedu Buhari to revisit the recent reorganization at the Nigeria National Petroleum Corporation NNPC in the interest of peace, unity and good governance. Ohanaeze said in a statement at the weekend signed by its President General Chief John Nnia Nwodo that its […]

BUSINESS

Fed govt owes Egbin power plant N125bn- Dallas Peavey Jr

Daily Dispatch September 3, 2017

Egbin power plant, the biggest in Nigeria, is owed N125bn ($352m) by the Federal Government and half of its output is wasted because of inadequate transmission infrastructure, its Chief Executive Officer, Dallas Peavey Jr., has said. Out of the roughly 1,300 megawatts currently generated by the facility’s six units, which is close to full capacity, […]

BUSINESS

SACHOL success stories of privatisation programme- BPE Boss, Alex Okoh

Daily Dispatch August 31, 2017

The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, has described Skyway Aviation Handling Company Limited (SACHOL) as one of the success stories of the privatisation programme, adding that the dynamics behind this success could be replicated in other enterprises. According to him, “essentially we want you to know that […]

BUSINESS

AfDB plans $24bn investment to accelerate African Green Revolution

Daily Dispatch August 30, 2017

African Development Bank (AfDB) is accelerating the development of  African Green Revolution through its Feed Africa Strategy with planned investment of 24 billion dollars over the next 10 years. Akinwumi Adesina, President, AfDB, announced the plan in a statement on Thursday in Abidjan and made available to the News Agency of Nigeria (NAN) in Abuja. […]

BUSINESS

Breaking: Inflation rate drops to 16.05%

Daily Dispatch August 28, 2017

The National Bureau of Statistics has released the Consumer Price Index which measures inflation, with the index dropping marginally from 16.1 per cent in June to 16.05 per cent in the month of July. The Bureau in the report on Monday, said this is the sixth consecutive time that the index would be dropping since […]