BUSINESS

Emefiele estimates inflation below 17% in 2023

Daily Dispatch October 14, 2022

Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria, has expressed confidence that the apex bank’s current efforts will result in inflation rates falling below the 17 percent projected by the International Monetary Fund, IMF, in 2023. This was stated by Emefiele during a media

BUSINESS

Ultimatum: Buhari pleads with Yahaya Bello to reopen Dangote Cement factory

Daily Dispatch October 14, 2022

As the ultimatum given to the Dangote Group by the Kogi State Government to shut operations at the Obajana Cement factory expires in 24 hours, President Muhammadu Buhari has waded into the matter, pleading with Governor Yahaya Bello to allow the factory run in the interest of the economy, while discussions are ongoing. This is […]

BUSINESS

Corrupt Practices: World Bank Bans Seven Nigerian Firms

Daily Dispatch October 14, 2022

Seven Nigerian companies, and individuals have been banned by the World bank from getting its contracts over corrupt practices. The World Bank disclosed that it sanctioned seven Nigerian firms and individuals for corruption during its 2022 fiscal year. This disclosure was made in the bank’s latest Fiscal Year 2022, which covered July 1, 2021, to […]

BUSINESS

Dangote’s 650,000bpd Refinery 97% Completed, says NMDPRA

Daily Dispatch October 13, 2022

…Naira will become stronger once Refinery starts production The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the Dangote Petroleum Refinery, upon which the hope of the nation rests for fuel sufficiency is now 97 per cent completed. The agency has also commended the work done on the project. The refinery, with […]

BUSINESS

Sanwo-Olu signs management deal with WACOT Rice Limited

Daily Dispatch October 13, 2022

On the basis of its competence and efficiency, the Lagos State Government signed a partnership deal with one of the leading rice-producing companies in Nigeria, WACOT Rice Limited, to manage the state’s Imota Rice Mill. Imota Rice Mill has a capacity of 32 metric tonnes and will be handed over to WACOT Rice Limited in […]

BUSINESS

DMO offers N225bn bonds for subscription

Daily Dispatch October 13, 2022

The Nigerian Debt Management Office, DMO has offered three Federal Government Bonds, which are valued at N225 billion for subscription.  This disclosure is contained in a circular on the website of the DMO’s office. The bonds include; 14.55 per cent, April 2029 FGN Bond, a 12.50 per cent, April 2032 FGN Bond and a 16.24 […]