BUSINESS

We’re Not Owing Marketers-PPRA

Daily Dispatch January 20, 2017

The Petroleum Products Pricing Regulatory Agency has denied reports speculating an imminent fuel scarcity over the Federal Government’s inability to pay fuel marketers’ N660 billion debt‎. ‎ Spokesperson of the agemcy, Lanre Oladele in a statement issued on Thursday said the report was

BUSINESS

CBN Commences Sale Of Forex To BDCs

Daily Dispatch January 18, 2017

The Central Bank of Nigeria started auctioning $250 million to 3,147 registered Bureau De Change nationwide on Wednesday. Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria, disclosed this to the News Agency of Nigeria on Wednesday in Lagos. He said the sale of the foreign currency to BDCs would impact […]

BUSINESS

PH, Warri and Kaduna Refineries Fully Back On Stream

Daily Dispatch January 18, 2017

  The three refineries of Nigerian National Petroleum Corporation NNPC which started operation some two weeks back have produced additional volumes of 4.6 million litres of Dual Purpose Kerosene otherwise known as Kerosene and 7.7 million litres of Automotive Gas Oil known as diesel. The Chief Operating Officer COO of the refineries, Mr. Anibor Kragha made the

BUSINESS

United Capital Plc, Societe Generale, Orange, others support African SMEs with €77m

Daily Dispatch January 18, 2017

United Capital Plc, a leading African investment banking group, has partnered with global financial and corporate institutions to set up a Franco-African Investment Fund (FFA), with investible funds of €77 million. The aim of the fund is to accelerate the growth of innovative and entrepreneurial African and French small and medium scale enterprises (SMEs) with […]

BUSINESS

Obajana – Kabba Roa: Dangote Working Round The Clock To Deadline

Daily Dispatch January 17, 2017

Work has since commenced in full force barely one month after the Dangote Group and the Federal Government signed a landmark contract for the construction of a 42.5KM Obajana-Kabba Road in Kogi State, even as the company promised to complete the road well ahead of the stipulated time of two years. Investigations by Daily Dispatch […]

BUSINESS

IMF Says World Economy To Pick Up In 2017-18

Daily Dispatch January 16, 2017

A positive shift in the world economy in the second half of last year prompted the International Monetary Fund (IMF) to leave unchanged its projections for higher global growth in 2017 and 2018, it announced Monday. Global growth is projected to be 3.4 per cent this year and 3.6 per cent in 2018, the IMF […]