BUSINESS

Trading Rebounds, As DangCem Pushes NSE Index Up 2.5%

Daily Dispatch August 2, 2017

The Nigerian equities market witnessed bearish activities at the close of trade yesterday, as the All Share Index (ASI), appreciated 2.5 per cent to close at 36,720.62 points while year-to-date gain improved to 36.6 percent. In the same vein, market capitalisation increased by N302.1 billion to

BUSINESS

Shell Shuts Down Key Supply Pipeline In Nigeria

Daily Dispatch August 2, 2017

Anglo-Dutch energy giant Shell yesterday said it has shut down a key crude supply pipeline in Nigeria’s restive south because of a leak. Shell subsidiary the Shell Petroleum Development Corporation of Nigeria Ltd (SPDC), in a statement said the Trans Niger Pipeline (TNP) was shut on July 21 at B-Dere in Ogoniland. “Efforts are ongoing […]

BUSINESS

Total to boost Nigeria’s daily oil production

Daily Dispatch August 2, 2017

Total oil on Wednesday said that it would boost the Nigeria’s daily oil production by 200,000 barrels from 2018. Mr Nicolas Terraz, Managing Director of Total upstream said that the additional barrels would come from the company’s multi-billion dollar Egina Field Development. Mr Biodun Afolabi, Executive Director, Corporate Affairs and Services of Total spoke on […]

BUSINESS

Ethiopian Airlines launches Kaduna to Addis Ababa flights

Daily Dispatch August 2, 2017

Passengers from the north-west can now get regular international flights from the Kaduna international airport without travelling to Abuja. Nasir el-Rufai, governor of Kaduna state, launched the Kaduna to Addis Ababa flights on Tuesday, saying regular international flights and an inland container terminal would help Kaduna economy overcome the disadvantage of not being

BUSINESS

Foreign investors buy 410m shares of Dangote cement

Daily Dispatch August 1, 2017

Dangote Industries on Tuesday on the Nigerian Stock Exchange (NSE) sold 410 million shares of Dangote Cement valued at N86.1 billion to some foreign investors at N210 per share. The News Agency of Nigeria (NAN) reports that the transaction was crossed at off-market price of N210 in six deals. Mallam Garba Kurfi, the Managing Director, […]

BUSINESS

Drops in global oil prices responsible for lack of jobs in the nation’s petroleum- PTDF Boss

Daily Dispatch August 1, 2017

The Executive Secretary of the Petroleum Technology Development Fund, Dr. Bello Gusau, has decried the lack of jobs in the nation’s oil and gas industry for many of the Nigerians trained by the PTDF. The PTDF was established by the Federal Government for the training of Nigerians to qualify as graduates, professionals, technicians and craftsmen […]