BUSINESS

Why Obi’s UK Firm was shut – Campaign Team

Daily Dispatch January 12, 2023

The Obi-Datti Media Office has cleared the air on the circumstances surrounding the liquidation of Next International (UK) Ltd, one of the companies of Labour Party presidential candidate, Peter Obi. For failing to submit its annual accounts, authorities in the United Kingdom, struck off the

BUSINESS

Annual accounts filing: UK authorities deregister Peter Obi’s company, Next International

Daily Dispatch January 11, 2023

For its failure to submit its annual accounts, Labour Party’s candidate, Mr Peter Obi’s company in the United Kingdom — Next International — has been delisted from the records. A report by Per Second News (PSN) said that by the dissolution, the company had ceased to exist. The company largely owned by Obi was removed […]

BUSINESS

Borrowing costs, others weaken Nigeria’s fiscal position- World Bank

Daily Dispatch January 11, 2023

The World Bank has said that high borrowing costs, lower energy prices, slow growth in oil production and subdued oil-sector activity weaken Nigeria’s fiscal position. The Washington-based bank also said that Nigeria’s growth weakened to 3.1 per cent in 2022 and will further decelerate to 2.9 per cent this year. This was according to the latest […]

BUSINESS

Redesigned Naira : CBN to monitor compliance by commercial banks

Daily Dispatch January 10, 2023

The Central Bank of Nigeria (CBN) will monitoring commercial banks to ensure that they comply with the directive of loading the  redesigned Naira notes in their Automated Teller Machines (ATMs). CBN Director, Currency Operations, Mr Ahmed Umar, made this known in Abuja on Monday at the Training Session for State Directors, National Orientation Agency (NOA) on […]

BUSINESS

Fuel Scarcity: FG orders NNPC to reduce petrol price

Daily Dispatch January 10, 2023

The Nigerian National Petroleum Company Limited is selling Premium Motor Spirit, also known as petrol, at a loss due to the Federal Government’s mandate regarding PMS subsidy, said Chief Timipre Sylva, Minister of State for Petroleum Resources, on Monday. Sylva’s comments came as oil marketers warned that supply disruptions in the downstream oil sector, which […]

BUSINESS

CBN cash withdrawal limit begins today

Daily Dispatch January 9, 2023

The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. In this arrangement, the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations is N500,000 and N5 million, respectively. Individuals or organisations that have a compelling need to withdraw