BUSINESS

2023: I will direct CBN to stop multiple exchange rates if elected – Atiku

Daily Dispatch December 11, 2022

Ahead of the forthcoming presidential election, the candidate of the Peoples Democratic Party, PDP, Atiku Abubakar has said he would direct the Central Bank of Nigeria, CBN to stop the multiple foreign exchange rate regime. Atiku made this disclosure on Sunday on Channels Television’s “The

BUSINESS

Dangote Group emerges ‘Overall Most Responsible Business’ at SERAS 2022 Sustainability Awards

Daily Dispatch December 11, 2022

Africa’s foremost conglomerate the Dangote Group won the coveted ‘ Overall Most Responsible Business’ Award, just as three of its subsidiaries clinched awards at the 16th edition of the Sustainability, Entrepreneurship and Responsibility Awards (SERAS) held at the Oriental Hotel, Lekki, Lagos. At the well-attended event, which drew stakeholders across the industrial sector

BUSINESS

Nigeria’s debt rises to N446 trillion

Daily Dispatch December 10, 2022

Nigeria’s total debt stock has risen to N44.06 trillion on the back of borrowings from the Federal and state governments. This was disclosed in a statement issued by the Debt Management Office yesterday in Abuja. The statement said: “as at September 30, 2022, Nigeria’s Total Public Debt Stock which comprises the Total Domestic and External […]

BUSINESS

CBN cash withdrawal limit will help economy —Masari

Daily Dispatch December 10, 2022

Amidst resistance by lawmakers and some economic experts, the Governor of Katsina state, Aminu Masari, on Saturday voiced support for the Central Bank’s policy limiting daily cash withdrawal saying “it will help the economy.” Masari spoke to journalists after a meeting with the President, Major General Muhammadu Buhari (retd.), in his hometown of Daura. Asked […]

BUSINESS

Newly redesigned Naira now in banks, ready for issuance – Emefiele

Daily Dispatch December 9, 2022

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, said the newly redesigned Naira notes were already in banks and ready for issuance. According to a statement on CBN’s official twitter handle, Emefiele said so in Daura while on a visit to brief President on the Naira redesign and the recently reintroduced […]

BUSINESS

Fuel scarcity: NNPCL releases 1.9billion litres PMS after DSS ultimatum

Daily Dispatch December 9, 2022

Barely a day after the 48-hour ultimatum by the Department of State Services, DSS, to stakeholders in the oil and gas industry, the Nigerian National Petroleum Corporation Limited, NNPCL, has released 1.9 billion litres of petrol. DSS had given the NNPCL, oil marketers and other stakeholders a 48-hour ultimatum to make PMS known as petrol, […]