BUSINESS

Diesel now sells for N155 Per litre-NNPC

Daily Dispatch July 2, 2017

The Nigerian National Petroleum Corporation (NNPC) says automotive gas oil (AGO), also known as diesel, is being sold for as low as N155/litre in some fuel stations around the country. According to the corporation, its “strategic intervention” ensured the continued decrease in the price of

BUSINESS

20 ships discharging aviation fuel, other commodities in Lagos, says NPA

Daily Dispatch June 30, 2017

About 20 ships are discharging aviation fuel and other commodities at Apapa and Tin-Can Island ports in Lagos, the Nigerian Ports Authority (NPA) said on Friday. NPA also said that other ships were discharging buck wheat, general cargo, frozen fish, containers, bulk fertilizer, steel products, crude palmolein, bulk gas, diesel and petrol. The News Agency of […]

BUSINESS

FG begins verification of poultry farms affected by bird flu in Kano

Daily Dispatch June 29, 2017

The Federal Government has commenced the verification of poultry farms affected by the outbreak of bird flu in Kano State, in recent years. Already, a team from the Federal Ministry of Finance had arrived Kano for the exercise, in preparation for the payment of outstanding compensation to all affected poultry farmers in the state. Dr […]

BUSINESS

Nigeria Inches Closer To 40 Billion Barrels Oil Reserve Target

Daily Dispatch June 29, 2017

Efforts by the Nigerian National Petroleum Corporation to grow the nation’s crude oil reserves to 40 billion barrels by the year 2020, received a major boost on Thursday with the execution of a tripartite agreement in Abuja. The agreement was between the NNPC/FIRST Exploration & Production Joint Venture and, Schlumberger for the development of the […]

BUSINESS

Nigeria can generate $10bn from honey, hives – USAID official

Daily Dispatch June 29, 2017

Mr David Musa, the Team Leader, USAID Bee Keeping Pollination Project, says Nigeria can generate over 10 billion dollars from local and international trade in honey and other hive products. Musa disclosed this during an interview on the sideline of a Capacity Building Workshop for bee-farmers in Goshen, Nasarawa State on Thursday. ‘‘Honey trade can […]

BUSINESS

Forex: CBN auctions $195m as BDCs sell at N363

Daily Dispatch June 29, 2017

The Central Bank of Nigeria (CBN) has intervened in various segments of the foreign exchange market, offering $195 million. The move was part of concerted efforts to keep exchange rates under control, as it pursues its ultimate goal of convergence. However, while the national currency lost N2 towards the close of business yesterday at the […]