BUSINESS

Breaking: CBN supplies more new notes to banks

Daily Dispatch May 2, 2023

With rising concerns around the seeming disappearance of newly redesigned notes, the Central Bank of Nigeria has said I hit is supplying more quantities of the new notes to banks. This was according to a statement by the CBN’s Acting Director, Corporate Communications, Dr Isa AbdulMumim,

BUSINESS

KPMG Customer Experience Survey lists Polaris Bank as the Most Improved Retail Bank

Daily Dispatch May 2, 2023

The 2022 KPMG Nigeria Banking Industry Customer Experience survey result listed Polaris Bank ‘as the most improved Bank under retail segment moving up five places to sixth position and 3rd under SME segment’, with the Bank showing significant improvement in customer ratings. Many customers have praised the Bank for its personalized service, proactive approach

BUSINESS

Dangote urges African countries to dismantle all economic barriers hindering free trade

Daily Dispatch May 1, 2023

Africa’s foremost entrepreneur and president of the Dangote Group, Aliko Dangote, has urged African countries to dismantle all economic barriers hindering free trade among the nations, in order to achieve sustainable growth and development across the continent. The leading private sector player also expressed the irrevocable commitment of his pan-African conglomerate,

BUSINESS

CBN denies phasing out new naira notes

Daily Dispatch April 30, 2023

The Central Bank of Nigeria (CBN) has debunked reports that it planned to phase out the newly redesigned N1, 000, N500 and N200 notes. Dr. Isa AbdulMumim, Ag. Director, Corporate Communications of the bank, described the reports as “fake news.” He advised members of the public to ignore such reports. He said, “The attention of […]

BUSINESS

Otedola exits stake in Transcorp Plc in landmark sale to Elumelu

Daily Dispatch April 28, 2023

Serial investor and billionaire, Femi Otedola, has exited his stake in Transcorp Plc, according to a report by Nairametrics. Otedola had acquired a 6% stake in Transcorp over a series of carefully orchestrated purchases going almost unnoticed until the acquisition was announced. Reliable sources with knowledge of the transaction said that the billionaire investor reached

BUSINESS

Obasanjo, Awolowo, Soludo others in for Kinshasa for DRC-Nigeria Business summit.

Daily Dispatch April 27, 2023

The Nigerian former President, Chief Olusegun Obasanjo has arrived in Kinshasa, Democratic Republic of Congo (DRC) for the meeting of the DRC/Nigeria Business Council scheduled to start tomorrow, in the country’s state capital. The former President left Abeokuta, Ogun State capital enroute Lagos at the early hours of Wednesday, for the two-hour chartered flight to