BUSINESS

Controversy trails naira redesign as northern group calls for Emefiele’s sack

Daily Dispatch October 27, 2022

The Concerned Northern Forum on Wednesday called for the removal of the Governor of the Central Bank of Nigeria Godwin Emefiele over his decision to redesign the #100, #200 and #500 notes, effective December 15, 2022. A spokesman for the Forum, Abdulsalam Mohammed Kazeem, in a statement

BUSINESS

FG decries rising inflation, moves to stop trend

Daily Dispatch October 27, 2022

The Federal Government has decried the growing inflation in Nigeria, saying mechanisms have been activated to check the trend. According to the Minister of Finance, Budget and National Planning, Zainab Ahmed, President Muhammadu Buhari, has directed the National Food Security Council to brainstorm and make recommendations on the way forward. Ahmed made this known at the

BUSINESS

FG declares preferred bidders for Nigerian airports concession

Daily Dispatch October 27, 2022

The federal government has announced the selected preferred and reserve bidders for Nigerian airports concession. The Minister of Aviation, Hadi Sirika, made the announcement when he addressed newsmen on Wednesday in Abuja. According to him, the preferred bidder for the Nnamdi Azikiwe International Airport, NAIA, Abuja, is Corporacion America Airports Consortium, while ENL

BUSINESS

Rehabilitation of Kaduna refinery: Buhari witnesses signing of MoU between NNPC LTD and DAEWOO Group

Daily Dispatch October 27, 2022

President Muhammadu Buhari Thursday in Seoul, South Korea, expressed delight as he witnessed the signing of the Memorandum of Understanding (MoU) between Nigerian National Petroleum Company (NNPC) Ltd and Daewoo Group of South Korea for the rehabilitation of the Kaduna refinery. The President was particularly excited as the signing came against the back of ongoing […]

BUSINESS

Why we are redesigning currency notes – Emefiele

Daily Dispatch October 27, 2022

Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the President Muhammadu Buhari’s administration decided to change the nation’s currency notes to prevent hoarding. Emefiele, at a special news briefing in Abuja on Wednesday, said statistics had shown that over 80 per cent of currency in circulation were outside the vaults of commercial […]

BUSINESS

Court stops Kogi Govt from shutting down Dangote Cement, others

Daily Dispatch October 27, 2022

A Federal High Court, Abuja, on Wednesday, restrained the Kogi State Government from shutting down Dangote Cement PLC in Obajana area of the state. The court also stopped the state government from disrupting or suspending the activities of Dangote Coal Mines Ltd and Dangote Industries Ltd in Okaba, Ankpa Local Government Area and in Olamaboro […]