BUSINESS

NNPC Supplies the Most Reliable and Cheapest Power to Nigerians- Baru

Daily Dispatch May 2, 2017

The Group Managing Director, Nigeria National Petroleum Corporation NNPC, Dr. Maikanti Baru has disclosed that the corporation supplies the “most reliable and cheapest power’’ to Nigerians. Baru made the statement in Houston on Monday while addressing newsmen on the sidelines of the 2017

BUSINESS

We have started moving out of recession-Adeosun

Daily Dispatch May 2, 2017

The minister of finance, Mrs Kemi Adeosun, yesterday said the nation’s economy has started moving out recession as President Muhammadu Buhari’s- led administration was bringing a lot of efficiency into government spending and infrastructure. Speaking during a flagship programme of Covenant Christian Centre in Lagos, the minister said the government in the short-term has to

BUSINESS

Sanusi tells Kano Govt. to tax every resident N1,000 monthly

Daily Dispatch May 1, 2017

Emir of Kano, Alhaji Muhammadu Sanusi II, says Kano State Government has the capacity to generate a monthly revenue of N12 billion if each of its estimated 12 million people is charged a flat monthly rate of N1,000. Sanusi, made the assertion during the launch of the state Presumptive Taxation for commercial vehicle operators at […]

BUSINESS

Nigeria loses $850m to gas flaring in 2015- DPR

Daily Dispatch April 30, 2017

The Department of Petroleum Resources said that Nigeria, the ninth largest gas producing nation in the world, lost over 850 million dollars to gas flaring in 2015. Mrs Pat Maseli, Deputy Director, Head, Upstream, DPR, gave the statistics at the just concluded 10th Annual Sub-Saharan Africa Oil and Gas Conference in Houston, Texas, U.S. This […]

BUSINESS

Nigeria’s Foreign Reserves Hit 19-Month High

Daily Dispatch April 29, 2017

Nigeria’s foreign exchange reserves rose to $30.8bn in April, the highest level since September 2015. The increase could be attributed to a recent rise in global crude oil price, and proceeds of the country’s Eurobond, issued in march. Data from the Central Bank shows that Nigeria’s forex reserves, stood at $30.31bn, a month ago. The […]

BUSINESS

Dangote Sugar Refinery to gulp N106b investments to improve profitability

Daily Dispatch April 28, 2017

Alhaji Aliko Dangote, the Chairman, Dangote Sugar Refinery, on Thursday said N106 billion would be invested in the company to boost profitability and enhance dividend payment. Dangote told shareholders at the company’s 11th Annual General Meeting for 2016 financial year in Lagos that the money would be invested in the next four to six years. […]