BUSINESS

Nigeria’s daily oil production needs metering–Senator

Daily Dispatch August 7, 2017

A lawmaker, Sen. Stella Oduah, has urged Nigeria National Petroleum Corporation (NNPC) to put adequate metering system in place to enable Nigerians to know the country’s exact daily oil production. Oduah, who is the Vice Chairman, Senate Committee on Women Affairs, told the News Agency of

BUSINESS

We want to re-position 9mobile before sale, says First Bank

Daily Dispatch August 7, 2017

First Bank of Nigeria (FBN) says the Nigerian Banks who took over 9mobile — formerly known as Etisalat Nigeria — are stabilising the telecommunication company before looking for new investors to buy into the company. Quoting First Bank, Reuters said the country’s fourth largest telecoms group will keep stability until they can find new investors, […]

BUSINESS

Cross River govt to lose Tinapa to ECOWAS Bank over debt

Daily Dispatch August 6, 2017

Government of Cross River State owed the Economic Community of West African States (ECOWAS) Bank several millions of Dollars collected as loan to construct Tinapa Premier Business and Leisure Resort. Governor Donald Duke led administration had initially budgeted USD350 million for the project but as at its commissioning on April 2, 2007, the sum had […]

BUSINESS

NGO to Malami: Revoke FG’s Malabu’s OPL 245 licence, discontinue relationship with ENI/Shell

Daily Dispatch August 6, 2017

A Nigerian based non-governmental organisation, the Human and Environmental Development Agenda (HEDA Resource Centre), has urged the Federal Government to outrightly revoke the OPL 245 licence granted to Malabu Oil, just as it also asked the Nigerian Government to immediately discontinue its relationship with oil company, ENI/Shell. The organisation said the call for the

BUSINESS

Dangote, Others Sign MoU To Boost Private Sector’s Investment In Agriculture Value Chain

Daily Dispatch August 5, 2017

Dangote Group and two leading African agricultural organisations — GrowAfrica and Nigeria Agribusiness Group — have signed a Memorandum of Understanding (MoU) in a bid to boost private sector’s investment in agriculture. The MoU was signed during the GlowAfrica and NABG Private Sector Consultative Meeting held in Lekki, Lagos. The News Agency of Nigeria (NAN) […]

BUSINESS

Nigeria, Indonesia seek to deepen relations

Daily Dispatch August 5, 2017

Nigeria and Indonesia are to deepen bilateral relations, especially in the areas of sharing information on national planning and development as well as in trade and investment. Mr. Udoma Udo Udoma, the Minister of Budget and National Planning, unveiled the plan in Abuja. A statement by Mr James Akpandem, Media Adviser to the Minister, said […]