BUSINESS

EU advises Tinubu to create enabling environment for private sector to thrive

Daily Dispatch June 15, 2023

The European Union on Thursday called on President Bola Ahmed Tinubu to create enabling environment for private sector to thrive in the country. The Head of European Union Delegation to Nigeria and Economic Community of West African States, Samuela Isopi gave this advice while briefing

BUSINESS

EFCC invites Hadi Sirika, Nigeria Air officials

Daily Dispatch June 15, 2023

The Economic and Financial Crimes Commission (EFCC) has invited the immediate past Minister of Aviation, Hadi Sirika, to appear before the commission. The anti-corruption agency had also questioned officials of the Nigerian Air over the recent launch of the airline in Abuja. While the minister was due to appear before the commission within the week […]

BUSINESS

N49 bn fraud rocks Heritage Bank

Daily Dispatch June 15, 2023

Fresh information from informed sources at the bank indicates that Heritage Bank appears to have seen better days. Among the catalog of issues currently hanging around the lender’s neck as the proverbial hangman’s noose includes, a serious boardroom crisis which has seen the edging out of allies of its former Managing Director and Chief Executive, […]

BUSINESS

FG issues two Oil Export Terminal Licences, eyes $11bn revenue

Daily Dispatch June 14, 2023

The Federal Government, on Tuesday, issued and signed licences for the establishment of two crude oil export terminals, capable of generating $11bn revenue annually for the country. It issued the licences through the Nigerian Midstream and Downstream Petroleum Regulatory Authority to Belema Sweet Export Terminal Limited and NNPC Exploration and Production Limited in Abuja.

BUSINESS

Breaking: CBN grants banks freedom to trade forex at any rate

Daily Dispatch June 14, 2023

The Central Bank of Nigeria has allowed commercial banks to freely trade foreign exchange at any rate. This announcement is coming a few days after Godwin Emefiele’s suspension as the CBN governor. Details shortly.

BUSINESS

Godwin Emefiele suspension: In search of a new proven CBN governor

Daily Dispatch June 14, 2023

By Eddy A. Ademosu By way of a snap post-mortem, the nine-year tenure of the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Ifeanyi Emefiele aptly described by Google search as a “Nigerian politician, economist, and banker”, is one buried in the practice of voodoo banking. His stint at CBN, according to informed […]