BUSINESS

Etisalat changes name

Daily Dispatch July 13, 2017

Etisalat Nigeria has complied with the demand of the Etisalat Group that it changes its name within three weeks.The demand for a change of name was handed down last week by the Etisalat Group in the United Arab Emirates, which gave three weeks ultimatum.The Cable is reporting that the new name

BUSINESS

Nigeria commitment to global oil market stability-Kachikwu assures

Daily Dispatch July 13, 2017

Nigeria has reaffirmed its commitment to continue working with other players for the stability of the global oil market. The Minister of State for Petroleum Resources and Head of its Delegation to the Organization of the Petroleum Exporting Countries Conference, Dr. Emmanuel Ibe Kachikwu, gave this assurance in Abuja on Wednesday during a world press […]

BUSINESS

Kachikwu: Oil prices will affect some capital projects in 2017 budget

Daily Dispatch July 13, 2017

Ibe Kachikwu, minister of state for petroleum resources, says current oil prices and production levels will affect some capital projects in Nigeria’s 2017 budget. Speaking at a press conference in Abuja on Wednesday, Kachikwu however added that the ministry of finance is working hard to efficiently find a way around meeting budget expectations. “In terms […]

BUSINESS

Dangote to own 50,000 cows, produce 500m litres of milk by 2019

Daily Dispatch July 12, 2017

Aliko Dangote, president of Dangote Group, will own 50,000 cows by 2019, and produce 500 million litres of milk per year. The group, principally owned by Africa’s richest man, plans to invest $3.8 billion in sugar and rice and $800 million in dairy production in the next three years. According to World Health Organisation (WHO) […]

BUSINESS

NNPC assures Consumers of adequate supply of products

Daily Dispatch July 11, 2017

The Nigerian National Petroleum Corporation (NNPC) said it would ensure adequate petroleum products availability in all parts of the Country in spite of various challenges in the downstream petroleum sector. In a statement signed by Mr Ndu Ughamadu, Group General Manager, Group Public Affairs Division, on Tuesday in Abuja, it said that the corporation would […]

BUSINESS

E-auction: only Jaiz bank is ready – customs

Daily Dispatch July 11, 2017

The Nigeria Customs Service on Tuesday said that only Jazz Bank was able participate in the first bidding of its e-auction exercise last week. The e-auction platform was launched by the Customs on July 3. Mr Joseph Attah, the Customs National Public Relations Officer (PRO), said that Jazz Bank was the only one out of […]