BUSINESS

CBN sells treasuries above inflation to attract forex flows

Daily Dispatch July 21, 2017

Nigeria’s central bank offered six-and 12-month treasuries at yields higher than the country’s inflation rate on Friday to lure yield-hungry investors and attract dollar inflows, traders said. Severe dollar shortages have been a hallmark of Nigeria’s recession, now in its

NEWS

Bank manager on trial over N40m theft

Daily Dispatch July 21, 2017

A bank manager, Elliot Abiodun, who allegedly stole $110,000 (N40 million) from Sterling Bank, was on Friday arraigned before an Igbosere Magistrates’ Court in Lagos. Abiodun, whose residential address was not given, is standing trial on a two-count bordering on conspiracy and stealing. The Prosecutor, Sgt. Friday Mameh, told the court that the accused committed […]

TOP STORIES

Northern Elders Forum warns agents of disunity in the region to desist from it

Daily Dispatch July 21, 2017

Northern elders in Nigeria have warned those fanning the embers of disunity in the country to immediately desist from it. Under the Northern Elders Forum, the leaders in the region said Nigeria cannot break-up and that they were committed to this unity which started since 1914. While cautioning against the quit notice issued to Igbo […]

HEALTH

People who die from AIDS have reduced – UN

Daily Dispatch July 21, 2017

The United Nations says the annual number of people who die from AIDS has nearly halved from 1.9 million to one million between 2005 and 2016. According to the UNAIDS agency, the share of people with HIV who have access to medical treatment has also risen to above 50 per cent for the first time. […]

NEWS

Benue community bans men from spending more than N100, 000 on traditional marriage

Daily Dispatch July 21, 2017

The traditional ruler of Otukpa, the headquarters of Ogbadibo LGA of Benue, Chief Sir Sunday Ekele JP has banned intending groom in the community from spending more than N100, 000 on traditional wedding. According to Chief Ekele, the decision became imperative following complaints from young men in the community that outrageous bride price has been […]

NEWS

Enugu approves N20million retention fees for Femi Falana

Daily Dispatch July 21, 2017

The Enugu State Government has approved N25 million for the purchase of non-sensitive materials, preparatory to the conduct of local government election in the state. The Commissioner of Information, Dr. Godwin Udeuhele, made the disclosure in Enugu on Thursday while addressing journalists on the outcome of the State Executive Council meeting. He said the council […]