BUSINESS

DMO clarifies media reports on FGN borrowing of N2.13 trillion in two months

Daily Dispatch February 21, 2023

The Debt Management Office (DMO) on Tuesday, 21st February, 2023 provided clarifications on media reports that Federal Government of Nigeria, FGN, had raised the sum of N2.129 trillion between January and February 2023 through the issuance of Domestic FGN Securities. The media report further

BUSINESS

Petrol rose by 55% To N257/litre in January– NBS

Daily Dispatch February 21, 2023

Many Nigerians are still paying far above N185 per litre approved pump price of petrol amid fuel scarcity, a report of the National Bureau of Statistics has indicated. Members of the Major Oil Marketers Association of Nigeria, and NNPCL Retail outlets, sold the product at N185 per litre to consumers, while members of the Independent Petroleum […]

BUSINESS

Attacks: Union makes U-turn, directs bank workers to resume work

Daily Dispatch February 20, 2023

The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) on Sunday reversed a previous directive to members in states where banks had been attacked to stay off duty, saying that members in such states can now go to work because it has been assured that members across the country will have adequate […]

BUSINESS

NIPC commences Investment Promotion Ecosystem

Daily Dispatch February 19, 2023

The Nigerian Investment Promotion Commission has commenced the development of a well-coordinated investment promotion ecosystem, as mandated by its establishment Act. This is to ensure government and non-government investment promotion players are able to undertake mutually reinforcing and complementary roles to attract, retain and grow investment in Nigeria, accordingto

BUSINESS

Naira scarcity: Banks will remain open – CIBN

Daily Dispatch February 18, 2023

The Chartered Institute of Bankers of Nigeria said on Friday that it was liaising with the Chief Executive Officers of the Body of Banks to address the current challenges caused by the redesign of the N1,000, N500, and N200 notes. It stated that the banks would remain open to serve the public for as long as […]

BUSINESS

How CBN reversed itself on old Naira notes but accused media of purveying fake news

Daily Dispatch February 18, 2023

Following the directive of President Muhammadu Buhari that Nigerians should take old N500 and N1000 notes to the Central Bank of Nigeria (CBN), many thronged offices of the apex bank across the nation on Friday. As early as 1am, people had lined up in front of the CBN office in Marina, Lagos, where there was […]