BUSINESS

Proposed Floating Dry Dock to be completed in 2017 – NIMASA

Daily Dispatch January 15, 2017

The Director-General of the Nigerian Maritime Administration and Safety Agency, Dr. Dakuku Peterside, has said the proposed floating dry-dock project was in progress and likely to be completed in 2017. Peterside told the News Agency of Nigeria in Abuja that the project, when completed, would

BUSINESS

NNPC Resume Loadinf Of Petroleum Products Nationwide- Ughamadu

Daily Dispatch January 14, 2017

Group General Manager, Group Public Affairs Division of the Nigerian National Petroleum Corporation NNPC, Ndu Ughamadu has disclosed that the corporation has resumed loading of petroleum products in all its depots nationwide. Ughamadu who made the disclosure in a statement on Saturday in Abuja said the resumption of activities at the depots across the country […]

BUSINESS

Discovery Of Oil In The North: NNPC To Partner Schlumerger

Daily Dispatch January 14, 2017

The Nigerian National Petroleum Corporation (NNPC) is to collaborate with multinational oil service company, Schlumberger, in the deployment of state-of-the-art technology in the on-going search for commercial hydrocarbon deposits in the Chad basin and other parts of the inland sedimentary basins. Chief Operating Officer (COO) Ventures Dr. Babatunde Adeniran revealed this

BUSINESS

Naira Depreciates Further

Daily Dispatch January 13, 2017

The Naira on Friday depreciated further at the parallel market as dollar scarcity worsened, the News Agency of Nigeria reports. NAN reports that the Naira may be seeing its worst times as the CBN will be resuming dollar sales to Bureau De Change operators next week. The Nigerian currency exchanged at N497 to a dollar […]

BUSINESS

NERC To Sanction Discos

Daily Dispatch January 11, 2017

The Nigerian Electricity Regulatory Commission says it will sanction Distribution Companies which failed to meter electricity customers in their networks before February 28, 2017. NERC in a statement on its website and obtained by News Agency of Nigeria in Abuja on Wednesday, said sanctioning of the defaulting DISCOs would begin on March 1. It stated […]

BUSINESS

Sokoto: AfDB to fund agro-industrial park for North West

Daily Dispatch January 11, 2017

  The African Development Bank (AFDB) will partner with the Sokoto State Government in its plans to establish an agro-industrial park for the North West geo-political zone, its President, Dr. Akinwumi Adeshina, has said. As a starting point to the realization of the overall objective of the project, cotton production would be given priority attention […]