BUSINESS

Cement manufacturers reduces price to N7,000 after meeting FG

Daily Dispatch February 19, 2024

Cement manufacturers have agreed to bring down the price of the product from N10,000 to between N7,000 and N8,000 per 50 kg, provided some conditions are met by the Federal Government. The decision was reached at a meeting convened by the Minister of Works, Engr. David Umahi. Umahi had invited

BUSINESS

Govt sets to sell rice N20k per bag, other food items at lower prices

Daily Dispatch February 18, 2024

As part of the measures to ameliorate the suffering of citizens occasioned by high cost of food items, the Nasarawa State government has reached an agreement with traders and marketers association in the state to buy off their wares and sell them at discounted prices to the people. Following the agreement, the government has taken […]

BUSINESS

High dollar rate: NERC to increase price of prepaid meters

Daily Dispatch February 18, 2024

NERC is condering an increase on the price of Prepaid Meters over the exchange rate. Next Edition reports that the Nigerian Electricity Regulatory Commission (NERC) is considering increasing the price of prepaid meters once again. This consideration comes in response to the escalating production costs faced by meter manufacturers, according to sources familiar with the

BUSINESS

FG Summons Dangote, BUA, Larfarge companies over escalating cement prices

Daily Dispatch February 17, 2024

The Nigerian government has summoned all cement manufacturers in the country to a meeting with the Minister of Works, David Umahi, over escalating retailing prices of the product in the market.  This was disclosed in a statement by the Special Adviser to the Minister, Edward Uchenna Orji, on Saturday. It was reported on Friday that […]

BUSINESS

Climate Change: NNPC Ltd/Total Energies JV Achieves Zero Gas Flare

Daily Dispatch February 15, 2024

In pursuit of meeting the targets of 20% (unconditional) and 47% (conditional) greenhouse gas emission reduction as contained in the Nationally Determined Contribution under the Paris Accord signed by the President Bola Ahmed Tinubu administration, the NNPC Ltd/TotalEnergies Joint Venture has achieved zero routine gas flare in all its assets. This feat was announced on

BUSINESS

It is time for Nigerians to drag the IMF and World Bank

Daily Dispatch February 15, 2024

By Augustine Osayande The recent directives issued by the Executive Board of the International Monetary Fund (IMF), emerging from its thorough Post Financing Assessment (PFA), have ignited robust debate within Nigeria’s economic circles. Particularly contentious is the Board’s insistence on the Federal Government, led by President Bola Ahmed Tinubu, to fully