BUSINESS

Nigeria’s $1b Eurobond oversubscribed

Daily Dispatch February 9, 2017

Nigeria comfortably raised $1 billion in its return to the Eurobond market on Thursday in what signifies a global investors’ endorsement of the Federal Government’s economic recovery initiatives and growth. The issue was 750% oversubscribed, underscoring still buoyant investor appetite for

BUSINESS

Glo Customers Furious Over Poor Network

Daily Dispatch February 9, 2017

Globacom customers in the Federal Capital Territory, Abuja on Thursday decried the poor network they have been experiencing for over two weeks and urged the company to improve its connectivity for effective service delivery. Some of the subscribers, who spoke with the News Agency of Nigeria in Abuja, lamented that it had been “absolutely frustrating” […]

BUSINESS

Kaduna Refinery Loses N2b Yearly To Illegal Tappers On Pipeline

Daily Dispatch February 9, 2017

The Nigerian National Petroleum Corporation said its subsidiary, ‎Kaduna Refining and Petrochemical Company, loses about N2.2 billion annually ‎to illegal tapping on its raw water pipeline. The corporation said this in a statement in Abuja on Thursday by its Group General Manager, Group Public Affairs Division, Ndu Ughamadu.‎ According to Ughamadu, the raw water pipeline,

BUSINESS

IPMAN Warns Members Against Hoarding of Petrol

Daily Dispatch February 9, 2017

The Independent Petroleum Marketers Association of Nigeria (IPMAN), Kano chapter, has warned members against hoarding and diversion of Petroleum products. While giving the warning, the IPMAN Chairman, Alhaji Bashir Dan-Malam, also disclosed that the shortage in supply of petrol was due to an accident that occurred in Oyo state leading to the blockage of the […]

BUSINESS

Dangote Chief Advocates Restructuring, Better Funding For Stable Electricity

Daily Dispatch February 9, 2017

As Nigerians and businesses grope in the darkness, Engineer Joe Makoju, the Honorary Adviser to the President of Dangote Group, Alhaji Aliko Dangote, has advocated adequate funding and restructuring of the power sector so as to achieve relative stability in electricity generation and distribution Makoju said the power sector is currently bankrupt to the point […]

BUSINESS

Breaking: Aggrieved Passengers Shut Arik Air’s Corporate Headquarters

Daily Dispatch February 8, 2017

Some aggrieved passengers of Arik Air on Wednesday afternoon shut the airline’s corporate headquarters within the Murtala Muhammed Airport, Lagos over the non-refund of their ticket fares. The News Agency of Nigeria reports that the no fewer than 20 passengers besieged the office for over three hours demanding for a refund of their fares following […]