BUSINESS

CBN lifts ban on 43 items

Daily Dispatch October 12, 2023

The Central Bank of Nigeria has lifted the restrictions placed on 43 items. CBN in a statement issued by its Director, Corporate Communications, Isa Abdulmunin, said the ban is lifted with immediate effect. The statement read in parts; “importers of all the items previously restricted by 2015

BUSINESS

Dangote Cement denies running sales Promo

Daily Dispatch October 10, 2023

…Moves to track, prosecute peddlers of falsehood Management of Dangote Cement Plc has denied reports, in some online platforms that it has embarked on sales promotion and has further adjusted its prices. In a response to the misleading report, the Chief Branding and Communications Officer of the Dangote Group, Anthony Chiejina described the reports as […]

BUSINESS

FG No Longer Paying Fuel Subsidy – Kyari

Daily Dispatch October 10, 2023

The Federal Government is no longer paying subsidy on Petroleum Motor Spirit (PMS), popularly known as petrol. The Group Managing Director of Nigerian National Petroleum Corporation Limited (NNPCL), Malam Mele Kyari, disclosed this to State House Correspondents on Monday in Abuja. He said that contrary to insinuations on social media, the federal government was no […]

BUSINESS

IMF, World Bank hold first meetings in Africa in 50 years

Daily Dispatch October 9, 2023

The IMF and World Bank traditionally hold their annual gathering of finance ministers and central bank governors outside their Washington headquarters every three years. The southern Moroccan city of Marrakesh was supposed to host it in 2021, but the gathering was postponed twice because of the Covid pandemic. A powerful earthquake that killed nearly 3,000 people in the

BUSINESS

CBN says eNaira not A threat to financial stability

Daily Dispatch October 9, 2023

The Central Bank of Nigeria (CBN) on Monday said that the eNaira is not a threat to financial stability in the country. CBN’s Director of Corporate Communications, Isa AbdulMumin, in a statement, said that the eNaira is designed to improve financial inclusion and reduce the risk of speculative investments in cryptocurrencies. “The attention of the […]

BUSINESS

Building to Last: Nurturing Excellence, Crafting Future African Leaders at UBA

Daily Dispatch October 7, 2023

By Tony Elumelu  Some moments resonate as profoundly remarkable in life, where dreams are born from humble beginnings and transformed into extraordinary realities. As I stood before 700 UBA graduate trainees, drawn from across Africa, I thought of the long journey that brought me to where I am today.  A journey that began with the […]