BUSINESS

Cash Crunch: Nigeria risks CBN-induced recession, Govs warn

Daily Dispatch February 12, 2023

The Nigeria Governors’ Forum (NGF) has warned that the continuous scarcity of the N200, N500 and N1,000 new notes may lead to economic recession as well as severe food inflation. The Forum, in a communique issued at the end of its meeting on Saturday, lamented that though the Attorney General

BUSINESS

Jamaica to import vehicles from Nigeria

Daily Dispatch February 12, 2023

Jamaica has disclosed plans to source for vehicles from Innoson Vehicles Manufacturing in Nigeria. This plan was revealed by Jamaican High Commissioner to Nigeria, Esmond Reid during a facility tour of IVM plant in Nnewi, Anambra State on Saturday. He said, “For us, it is a tremendous opportunity to witness vehicle manufacturing taking place here in […]

BUSINESS

Our members not buying petrol at N172 per litre – IPMAN

Daily Dispatch February 10, 2023

The Independent Petroleum Marketers Association of Nigeria (IPMAN), on Friday, said that its members were not buying petrol at N172 per litre, as being insinuated. IPMAN’s Chairman, Western Zone, Alhaji Dele Tajudeen, stated this in an interview with the News Agency of Nigeria (NAN) in Ibadan. Tajudeen described the report being circulated that IPMAN members […]

BUSINESS

Breaking: FG directs depot operators to sell petrol at N172/Litre

Daily Dispatch February 10, 2023

In a move to resolve the lingering fuel distribution crisis in the country, the federal government on Friday directed depot operators to sell premium motor spirit (PMS) also known as petrol at the official price of N172 per litre to independent markets. This follows the supply of over 150 million litres of petrol to the […]

BUSINESS

Valentine Season: Polaris Bank excites existing, prospective customers with rewards

Daily Dispatch February 10, 2023

Polaris Bank has announced plans to delight its existing and new customers this Valentine season with exciting rewards. The campaign is themed: Polaris Purple reward. According to the Bank, existing and prospective customers stand a chance to enjoy a reward of N5,000 worth of data in the Valentine campaign when they perform any of these […]

BUSINESS

CBN: We allocate new notes to banks on daily basis

Daily Dispatch February 10, 2023

The Central Bank of Nigeria (CBN) says it allocates new naira notes to banks on a daily basis. CBN Director, Consumer Protection, Mrs Rashidat Monguno, said this in Offa, Kwara State, on Thursday,, attributing scarcity of the redesigned notes to sabotage by some commercial banks. Monguno, who was on an exercise to monitor microfinance banks, […]