BUSINESS

Dangote pays N340bn dividend to shareholders for Y2022

Daily Dispatch March 23, 2023

The management of Dangote Cement Plc has disclosed that it plans to pay N340 billion as dividends to its shareholders for the year ended 31 December, 2022. The company’s AGM is slated for April 13, 2023. Shareholders are expected to approve the proposal for the huge sum to be paid. In a notice

BUSINESS

Rehabilitation Of Port Harcourt Refinery Ready Q2 Of 2023 – Minister

Daily Dispatch March 23, 2023

The Minister of State for Petroleum Resources, Timipre Sylva, has said the Port Harcourt refinery is near completion. The three refineries in the country; Warri, Port-Harcourt, and Kaduna have been moribund for years. However, Sylva said the Port Harcourt refinery should be ready before the end of the second quarter of the year. He disclosed […]

BUSINESS

CBN Releases More Naira Notes To Commercial Banks

Daily Dispatch March 23, 2023

There are indications that More Naira notes would be released to commercial banks by the Central Banks Of Nigeria, CBN Wednesday. Reliable sources in the CBN said banks have been instructed to collect the old Naira noted they deposited in CBN and that before the end of the week, the country would be awash with Naira […]

BUSINESS

Nigeria’s economy maintains 9-quarter consecutive growth –CBN

Daily Dispatch March 22, 2023

The Central Bank of Nigeria, CBN, has said that the Nigerian economy has maintained a positive growth trajectory for nine consecutive quarters, since exiting recession in 2020. The CBN Governor, Mr Godwin Emefiele, said this on Tuesday in Abuja when he read the communiqué issued at the end of the 290th meeting of the Monetary […]

BUSINESS

Nigeria’s inflation remains high, unchanged across all categories in February, says KPMG

Daily Dispatch March 22, 2023

Nigeria’s inflation trend remained high and largely unchanged across all sectors in February 2023, says a new report from the KPMG. The KPMG said the crisis necessitated by the redesigning of naira notes policy of the Central Bank of Nigeria (CBN) had not slowed down inflation in the country as it was anticipated. The global […]

BUSINESS

[Breaking] Naira Redesign: Emefiele apologises for e-payment glitches

Daily Dispatch March 21, 2023

The Central Bank of Nigeria (CBN) governor, Godwin Emefiele has apologised to Nigerians for the glitches experienced while trying to effect various e-payment transactions. Emefiele made the apology at the post Monetary Policy Committee (MPC) briefing in Abuja on Tuesday. The CBN governor admitted that some “isolated cases still persist” but these cases were being […]