BUSINESS

OPEC to legalise oil cut with non members – Barkindo

Daily Dispatch June 4, 2017

Following the success of the second joint Organisation of Petroleum Exporting Countries and non-OPEC meetings, the two organisation are presently looking into legalising their new found relationship, says OPEC Secretary-General, Mohammed Barkindo. Barkindo said this in an interview to highlight

BUSINESS

We have faith in Nigeria despite economic crisis, says Chinese telecoms company

Daily Dispatch June 4, 2017

ZTE Nigeria, a Chinese telecommunications company operating in Nigeria, says it has faith in the most populous black nation, despite the current economic crisis. Yawei Yang, the company’s head of administration, said this in Lagos at the weekend. She expressed ZTE’s commitment to continue to invest in the economy and in the development of local […]

BUSINESS

NNPC calls for the enactment of gas flaring law in Nigeria

Daily Dispatch June 4, 2017

The Nigerian National Petroleum Corporation, NNPC, Sunday, stated that Nigeria’s revenue would grow significantly if a law prohibiting gas flaring by oil and gas companies operating in Nigeria is enacted. According to a statement by the NNPC, its Group Managing Director, Dr. Maikanti Baru, who was represented by the Managing Director of the Nigerian Petroleum […]

BUSINESS

NUPENG warn Senate against N5 petrol levy

Daily Dispatch June 3, 2017

The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has criticised the proposed N5 petrol levy by the Senate, describing it as a huge joke. Alhaji Tokunbo Korodo, the South-West Chairman of NUPENG, said in Lagos on Saturday that the proposal was ill-timed and also smacked of insensitivity to the current economic hardships facing […]

BUSINESS

Naira expected to be stable due to dollar flows

Daily Dispatch June 1, 2017

The Nigerian naira is seen stable across the board in the near term on increased dollar supply to both the official interbank window and the black market. It has been trading around 382 to the dollar on the black market in the last two weeks, while at the interbank market the naira was trading at […]

BUSINESS NEWS

FADAMA designed to boost Nigeria’s food production – World Bank

Daily Dispatch June 1, 2017

Dr Adetunji Oredipe, ‎the World Bank Task Team Leader, says the Graduate Unemployment Youths Support Scheme (GUYSS) will enhance food production and create job opportunities in Nigeria. Oredipe told News Agency of Nigeria (NAN) in Abuja on Thursday that GUYSS was a new initiative of the World Bank-assisted FADAMA III Additional Financing (AF) programme. He said […]