BUSINESS

Firm to track helicopter movements in Nigeria

Daily Dispatch October 19, 2022

A private company, Naebi Dynamic Services Limited, is to monitor the records of helicopter movements in and out of Nigeria and assist the country to boost Internally Generated Revenue from the sector. Speaking at a press briefing in Lagos, the Managing Director, Naebi Dynamic Services, Stanley

BUSINESS

Gas scarcity looms as NLNG shuts operations over flooding

Daily Dispatch October 18, 2022

The Nigeria Liquefied and Natural Gas Company has declared force majeure because of widespread flooding that has disrupted supply, a spokesman for the company has said. Force majeure is a common clause in contracts which essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such […]

BUSINESS

NBS: Nigeria’s Inflation Rate Rises Above 20%

Daily Dispatch October 17, 2022

The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 20.77 per cent on a year-on-year basis in September 2022. This is contained in a statement issued by Prince Semiu Adeniran, the Statistician-General of the Federation and Chief Executive Officer, National Bureau of Statistics (NBS) on Monday in Abuja. The News Agency […]

BUSINESS

Lagos collected N753bn IGR in 2021 – NBS

Daily Dispatch October 16, 2022

Lagos State collected the highest Internally-Generated Revenue (IGR) of N753.46 billion in 2021 followed by the FCT which collected N131.92 billion. The National Bureau of Statistics (NBS) stated on Sunday in Abuja that in 2020, Lagos State also led other states in IGR collection when it got N660 billion, followed by Rivers at N117.19 billion. […]

BUSINESS

Obajana: TUC threatens Yahaya Bello

Daily Dispatch October 16, 2022

The National Administrative Council (NAC) of the Trade Union Congress of Nigeria (TUC) strongly condemns the closure of Obajana Cement Plant by the Kogi State government and demand the immediate reopening of the company for production, while parties work out amicable and peaceful resolution to the issues that led to the impasse. This has become […]

BUSINESS

UBA gains N10.26billion as share price stands at N6.85

Daily Dispatch October 15, 2022

United Bank for Africa has appreciated by 4.48% as its market capitalization closed the week at N234.27 billion to gain a total of N10.26 billion w-o-w, with its share price standing at N6.85. UBA Plc released its H1 2022 financials, revealing that net interest income appreciated by 19.85% to N177.46 billion from N146.07 billion, while […]