BUSINESS

House of Representatives directs CBN to suspend sale of Polaris Bank

Daily Dispatch October 12, 2022

The House of Representatives has directed the Central Bank of Nigeria (CBN) to immediately suspend the sale of Polaris Bank Plc. The House said the suspension should be until the CBN deposit Insurance Corporation and the Asset Management Corporation of Nigeria concluded all processes for open,

BUSINESS

Dispute between Kogi State, Dangote Cement sends inappropriate signals to domestic, foreign investors-NESG

Daily Dispatch October 12, 2022

The Nigerian Economic Summit Group (NESG) said the recent dispute between Kogi State and Dangote Cement Plc could send inappropriate signals to domestic and foreign investors. The group in a communique signed by Asue Ighodalo said the action taken by the State Government gave the impression that such a commercial dispute could not be amicably […]

BUSINESS

IMF: Nigeria’s economic growth to decline to 3.2% in 2022

Daily Dispatch October 12, 2022

The International Monetary Fund (IMF) says economic growth in Nigeria is expected to decline to 3.2 per cent and 3.0 per cent in 2022 and 2023 respectively, as against 3.6 per cent recorded in 2021. The IMF noted that the economic growth in Sub-Saharan Africa is likely to decline to 3.6 per cent in 2022 […]

BUSINESS

NASS’ll pass 2023 Appropriation Bill in December – Lawan

Daily Dispatch October 12, 2022

The President of the Senate, Alhaji Ahmad Lawan, says the National Assembly will pass the 2023 Appropriation Bill of N20.5 trillion before the end of December. He made this known on Tuesday in Abuja at a reception organised to celebrate the national honour of Grand Commander of the Order of Niger (GCON) bestowed on him […]

BUSINESS

UBA appreciates loyal consistent customers, rains millions in cash prizes

Daily Dispatch October 12, 2022

Leading pan-African financial institution, United Bank for Africa (UBA) Plc., has done again by rewarding its loyal customers in the just concluded UBA Bumper draws, doling out millions in cash prizes. The virtual draw was witnessed by relevant regulators including representatives of the National Lottery Regulatory Commission (NLRC) and the Consumer Protection Council

BUSINESS

FG begins talks with Ethiopia over visa ban

Daily Dispatch October 12, 2022

The Federal Executive Council (FEC) has stated that it has begun engagements with the Ethiopian Government over the controversial subject of a recent visa ban on Nigeria, in order to seek a reversal of the new policy. The Minister of Aviation, Hadi Sirika who made this known during the weekly briefing of the FEC, however, […]