BUSINESS

FG $22bn loan request rejected by Chinese Bank– Reps

Daily Dispatch March 29, 2023

The House of Representatives, on Tuesday, approved the request by the Federal Government to borrow $973,474,971.38 from China Development Bank. This followed the decision by the China-Exim Bank to reject Nigeria’s $22,798,446,773 loan request earlier approved by the National Assembly. The

BUSINESS

Buhari set to flag-off third oil field in the North

Daily Dispatch March 28, 2023

President Muhammadu Buhari would on Wednesday officially open the third oil field in Northern Nigeria. This was said in a statement released to the public by the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian National Petroleum Corporation Limited. The oil field is situated near Ebenyi, the administrative center of the Nasaraw State’s

BUSINESS

Review cashless policy now, small business owners tell FG

Daily Dispatch March 27, 2023

Small business operators under the aegis of Micro, Small and Medium Scale Enterprises have asked the Central Bank of Nigeria to review its cashless policy to enhance business growth. The National Vice Chairman of the Nigerian Association of Small-Scale Industrialists, Segun Kuti-George, lamented the effect of the recent cash scarcity and stressed the need for the […]

BUSINESS

Breaking: CBN Confirms Evacuation of Banknotes to DMBs

Daily Dispatch March 24, 2023

..Directs Banks to open their branches on Saturday and Sunday …CBN Gov to monitor compliance personally  The Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country as part of a coordinated effort to ease the circulation of banknotes of various denominations. The CBN has […]

BUSINESS

FG gives final deadline for takeoff of Nigeria Air

Daily Dispatch March 23, 2023

Minister of Aviation, Sen. Hadi Sirika has declared that Nigeria Air, the projected national carrier, will take flight before May 29th, 2023. The project, according to the Minister, is 98 percent finished. On Thursday at the 10th Aviation stakeholders forum in Abuja, he made this statement. He said: “The airline will fly before May 29th this year”. […]

BUSINESS

AfDB signs €362,000 grant agreement with Hadejia Jama’are Komadugu Yobe Basin-Trust Fund to support water resources development in northern Nigeria

Daily Dispatch March 23, 2023

The African Development Bank has signed a €362,000 grant agreement with Hadejia Jama’are Komadugu Yobe Basin-Trust Fund to prepare additional studies under the second phase of developing a strategic plan for managing water resources in the Komadugu-Yobe Basin in northern Nigeria. Specifically, the grant will support the preparation of a Resettlement Action Plan (RAP) for