BUSINESS

Ogun Disburses Second Tranche of N1bn Operational Grant to Businesses

Daily Dispatch May 22, 2024

Ogun State Government on Wednesday commenced the disbursement of the second phase of the N1billion Operational Grant for Micro and Small scale Enterprises in the state under its OG-cares scheme. The first disbursement was done in 2023, during which 1,000 entrepreneurs in micro enterprises

BUSINESS

Bonga Is Asset Of The Year In Shell Group

Daily Dispatch May 22, 2024

Nigeria’s premier deep-water development, Bonga, operated by Shell Nigeria Exploration and Production Company Limited (SNEPCo) has won the coveted Asset of the Year award in the Shell Group for 2023, the latest recognition of its best-in-class performance in Safety, Environment and Asset Management. Bonga had clinched same award in 2016 and was first runner up […]

BUSINESS

The Central Bank of Nigeria increases the interest rate to 26.25% from 24.75%

Daily Dispatch May 21, 2024

In a bid to tackle soaring inflation and stabilize the economy, Nigeria’s Central Bank has taken decisive action by implementing its third consecutive interest rate hike. The monetary policy committee of the Central Bank of Nigeria (CBN) has announced a significant increase in the monetary policy rate (MPR), a key benchmark for interest rates, raising […]

BUSINESS

Stakeholders to Discuss Customer Service Experience at ACAMB Conference

Daily Dispatch May 20, 2024

The Association of Corporate Affairs Managers of Banks (ACAMB) is pleased to announce its third National Stakeholders’ Conference with the theme: Building Bridges: Collaborative Solutions for a Trusted Banking and Financial Services Experience. The conference, where end-to-end customer service issues in Banks and other financial institutions will be explored by top-tier

BUSINESS

Nigeria steps up plans to boost remittance inflow, as CBN grants AIP to 14 new money transfer operators

Daily Dispatch May 16, 2024

The Central Bank of Nigeria (CBN) is making a big move to raise the stake in the remittance game, announcing a strategic move to double foreign currency inflows through official channels. This ambitious plan involves granting Approval-in-Principle (AIP) to a wave of 14 new International Money Transfer Operators (IMTOs). “This initiative is a win-win,” says […]

BUSINESS

Breaking: Nigeria’s inflation rate rises to 33.69% in April amid worsening hardship

Daily Dispatch May 15, 2024

Nigeria’s inflation surged to 33.69 per cent in April from 33.20 per cent in March, amid worsening economic hardship in the country. The National Bureau of Statistics, NBS, disclosed this in its latest consumer price index and inflation report released on Wednesday. The figure showed that Nigeria’s inflation continued to jump since the commencement of […]