BUSINESS

India considers dumping Nigeria’s oil for US crude

Daily Dispatch August 4, 2017

India’s Hindustan Petroleum Corporation is considering dumping Nigeria’s sweet crude for US oil. This is coming less than three years after the Americans stopped imports of Nigerian oil. After the US stopped the purchase of Nigerian oil under Barack Obama, Nigeria turned to Asia, partularly

BUSINESS

Barclays Bank asks Nigerians with less than £100,000 to close their accounts

Daily Dispatch August 3, 2017

Barclays Bank has asked expatriates, including Nigerians, with less than £100,000 deposit to close their accounts. In a letter dated June 12, 2017, the bank informed the customers that would be affected by the policy of its decision to raise the minimum client balance requirement for international banking service. “The new minimum level will now […]

BUSINESS

MMM Ponzi scheme in a comeback bid

Daily Dispatch August 3, 2017

The money making scam, Mavrodi Mundial Moneybox (MMM), that collapsed months ago, has launched a weekly promotional stunt, obviously aimed at wooing old and unsuspecting new ‘investors’. A letter displayed on the pages of participants of the scheme, urges them to invite new members. Members must invite new participants and register them as referrals to […]

BUSINESS

Northern governors to revive Bank of the North

Daily Dispatch August 3, 2017

The 19 Northern governors have ‎kick-started a fund raising drive to reinvigorate the Bank of the North which was merged with some financial institutions about a decade ago. ‎ Gov. Abdullahi Ganduje of Kano State disclosed this while addressing members of the State’s Executive Council in Kano.‎ Ganduje said that governors of 19 Northern states […]

BUSINESS

NNPC to extend gas pipeline to Ivory Coast

Daily Dispatch August 2, 2017

The Nigerian National Petroleum Corporation (NNPC) has said the West African Gas Pipeline (WAGP) would be extended from Ghana to Ivory Coast as part of the Federal Government West African energy integration policy. The Group Managing Director of the NNPC, Dr. Maikanti Baru, made this disclosure on Wednesday while receiving a delegation from Ivory Coast at the […]

BUSINESS

Nigeria begins registration of yam farmers for export

Daily Dispatch August 2, 2017

Yam Farmers, Processors and Marketers Association of Nigeria says it has commenced the registration of its members in the 36 states of the federation to facilitate the yam export programme. The Acting President of the association, Prof. Simon Irtwange, on Wednesday in Abuja said the registration was to organise yam farmers across the country to […]