BUSINESS

Nigeria Rejects 328 Expatriate Requests From Oil Firms In 12 Months – NCDMB

Daily Dispatch December 11, 2023

The Nigerian Content Development and Monitoring Board (NCDMB) has rejected 328 expatriate applications from oil firms just as it hits 83 per cent of its 10-tear roadmap target Platforms Africa reports that the Manager of strategy at the NCDMB, Mr. Olubisi Okunola, who reeled out these data at

BUSINESS

CBN suspends processing fees on cash deposits

Daily Dispatch December 11, 2023

The Central Bank of Nigeria has suspended the charging of processing fees of 2 percent and 3 percent previously charged on all cash deposits  above N500,000 and N3,000,000 by individuals and corporates respectively, with immediate effect. This was disclosed in a statement on Monday by the Acting Director, Banking Supervision, Dr Adetona Adedeji According to […]

BUSINESS

There’s sufficient Naira notes in stock for economic activities, CBN assures Nigerians

Daily Dispatch December 11, 2023

Amidst complaints by some Nigerians about scarcity of Naira notes, the Central Bank of Nigeria (CBN) says there is adequate supply of the currency. The CBN gave the assurance against the back drop of complaints by some bank customers on scarcity of Naira notes at the counters, Automated Teller Machines (ATMs) Points of Sale (PoS), and […]

BUSINESS

Cooking gas price to crash as 4 vessels loaded with LPG arrive in Lagos

Daily Dispatch December 10, 2023

Four vessels loaded with 23,000 tonnes of Liquified Petroleum Gas valued at N25.3 billion have arrived at the Lagos jetties. The price of the commodity is currently sold at over N1,000 per kilogramme as it takes a shuttle vessel about $450,000 to convey 3,000 metric tonnes to the port According to data from the Nigeria Ports Authority (NPA), the […]

BUSINESS

CBN alerts Nigerians of fake naira notes in circulation

Daily Dispatch December 8, 2023

The Central Bank of Nigeria (CBN) has alerted members of the public of the proliferation of counterfeit banknotes, particularly in higher denominations. To arrest this criminal act the CBN has warned all Deposit Money Banks, Financial Houses, Bureau de Change, and the public at large to heighten vigilance and implement necessary precautionary measures to stem […]

BUSINESS

The Alternative Bank delights customers with exclusive seasonal product

Daily Dispatch December 7, 2023

Ahead of the festive period, The Alternative Bank is offering customers an innovative financial product designed to enhance the holiday experience. This pioneering solution – AltMall, allows individuals to instantly acquire desired items and pay in manageable instalments, freeing up funds for other essential needs. AltMall provides customers unparalleled flexibility