BUSINESS

NNPC to diversify into health sector – Baru

Daily Dispatch April 20, 2017

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru has stated that is set to diversify into the health sector in line with its stand to stay afloat as a commercially viable entity. Baru, made this known on Thursday in Abuja while inaugurating the

BUSINESS

Fayemi briefs Buhari on $150m World Bank loan

Daily Dispatch April 20, 2017

The Minister of Solid Minerals Development, Kayode Fayemi, on Thursday briefed President Muhammadu Buhari on the $150m World Bank loan approved Friday for the sector. According to Daily Trust report,  the minister told State House reporters that Nigeria requested the loan at a meeting in Washington. He said part of the loan would be used […]

BUSINESS

GENCOS have 12,000MW power generation capacity – APGC

Daily Dispatch April 20, 2017

The Association of Power Generation Companies says it has the capacity to generate 12,000MW to reduce the electricity needs of Nigerians. The Executive Secretary of APGC, Joy Ogaji, on Thursday said the GENCOs currently have available 8,000 MW capacity, given the readiness of the transmission and distribution networks to absorb the power generated. He said, […]

BUSINESS

OGUN SET TO TRANSFORM TRADE FAIR COMPLEX TO WORLD CLASS STATUS

Daily Dispatch April 20, 2017

Ogun State Government has concluded arrangements  to transform it’s  trade fair complex located in Abeokuta to world class status. The complex was named after the laate business mogul, Chief Moshood Abiols. The revelation was made known on Wednesday by‎ President of Og‎un State Chambers Council of Commerce,Industry,Mines and Agriculture, Ogunccima, Adesola Adebutu

BUSINESS

NCAA probes Lagos-bound Aero aircraft smoke

Daily Dispatch April 19, 2017

The Nigerian Civil Aviation Authority (NCAA) has begun investigation into the smoke in an Aero Contractors aircraft enroute Lagos from Port Harcourt.| General Manager, Public Relations of NCAA, Mr. Sam Adurogboye, confirmed the development, in Lagos, on Wednesday. Aero Contractors flight NG316 was engulfed in smoke about 20 minutes after take-off, causing panic among the

BUSINESS

World Bank to boost Nigeria’s agricultural sector with $200 million

Daily Dispatch April 19, 2017

The World Bank is set to inject $200 million into Nigeria’s agricultural sector to revive the livestock sub-sector in the areas of productivity and access to market. The team leader of FADAMA, Dr Adetunji Oredipe, on Wednesday, April 19 said the bank will walk with the federal government of Nigeria to ensure the intervention policy. […]