BUSINESS

Obasajo laments high high cost of diesel, exchange rates

Daily Dispatch August 2, 2022

Former President Olusegun Obasanjo has expressed displeasure over the high cost of diesel, fish feeds, and the exchange rate of the naira, saying it affects farming in the country. Obasanjo, who is a fish farmer, said he has been sweating because the high cost of diesel has been taking a toll

BUSINESS

NNPC remits $2.7bn to CBN in six months

Daily Dispatch August 2, 2022

The Nigerian National Petroleum Company Limited remitted a total of N2.7bn into its accounts with the Central Bank of Nigeria from January to June this year, a document on NNPC remittances to CBN seen in Abuja on Sunday showed. Contradicting the claims of CBN that the weakening value of the naira was caused by the […]

BUSINESS

Oliver Alawuba appointed GMD UBA as Kenedy Uzoka retires

Daily Dispatch August 1, 2022

United Bank for Africa Plc, Africa’s global bank, today announced the appointment of Oliver Alawuba as Group Managing Director, overseeing all the Group’s banking operations across its twenty African country network and globally in the United Kingdom, the United States of America, France, and the United Arab Emirates. Oliver Alawuba joined UBA in 1997 and […]

BUSINESS

Fall of Naira: Emefiele’s economic policy deadly, scorching – Youth Council

Daily Dispatch July 31, 2022

The National Youth Council of Nigeria (NYCN) has blamed the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele’s poor economic management policies for the recent free-fall of the Naira. The Naira within the week depreciated to an all-time low of N730 to a U.S dollar at the parallel market. Reacting, President of […]

BUSINESS

Emirates set to reduce operations in Nigeria

Daily Dispatch July 30, 2022

Emirates Airlines has announced that it will reduce its flights to Nigeria due to an inability to repatriate approximately $85 million in revenue. The airline announced this in a letter to Hadi Sirika, Minister of Aviation. The letter, dated July 22, was signed by Emirates airline’s divisional senior vice-president (DSVP), international affairs, Sheik Majid Al […]

BUSINESS

Vacancy: Polaris Bank recruiting, opens career portal for Young, smart Nigerians

Daily Dispatch July 29, 2022

Polaris Bank Limited is seeking young and smart graduates in any discipline to fill some vacant job openings in the organisation.  The bank in an advertisement signed by the management of the bank, the financial institution welcomes applications from fresh graduates and the window closes on July 31, 2022. The advertisement reads: “Minimum of B.Sc […]