BUSINESS

Nigeria’s economy to grow by 3.4% in 2022 — IMF

Daily Dispatch April 19, 2022

The International Monetary Fund has said Nigeria’s economy would grow by 3.4 per cent in 2022 in its latest world economic outlook projections. It revealed a 3.1 per cent growth projection for the nation in 2023, down from 3.4 per cent in 2022 and 3.6 per cent in 2021. Nigeria’s economic

BUSINESS

Fuel subsidy puts Nigerian economy at high risk –World Bank

Daily Dispatch April 18, 2022

The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns. The Washington-based lender said this in a new biannual report known as Africa’s Pulse. According to the bank, Nigeria is projected to have a 3.8 per cent […]

BUSINESS

AKK gas pipeline project to be completed Q1 2023 – Kyari

Daily Dispatch April 15, 2022

The Nigerian National Petroleum Company Ltd. (NNPC) says the ongoing Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will be completed by the first quarter of 2023. Malam Mele Kyari, Group Managing Director, NNPC said this on Thursday while inspecting the AKK gas project site at Abaji, Abuja along with some NNPC Board members, top officials and other […]

BUSINESS

OGUNCCIMA lauds state economic development initiative honours Okubadejo

Daily Dispatch April 13, 2022

The Ogun State Council of Chambers of Commerce, Industry, Mines, and Agriculture (OGUNCCIMA) has lauded the Ogun State Government for its various economic transformation programmes, which have boosted the State’s Internally Generated Revenue (IGR) and engendered confidence in its Public-Private Partnership efforts.     The first Deputy President of

BUSINESS

Reps Approve Repeal Of 63 Year Old Customs & Excise Management Act

Daily Dispatch April 13, 2022

………..New Law To Ban Appointment Of Customs CG From Outside Service ………..To Improve Revenue Generation, Effectively Check Illicit Arms Importation The House of Representatives on Tuesday considered and approved the report of the House of Representatives Committee on Customs and Excise, on a Bill seeking the repeal of the Customs and Excise Management Act, enacted […]

BUSINESS

Ghana bans all transactions in foreign currencies

Daily Dispatch April 7, 2022

The Bank of Ghana has issued a directive banning the pricing, advertising, receipting or making payments for goods and services in foreign currencies in the country. The directive was issued in a statement released on Thursday, April 7, 2022. The statement said that the legal currency in Ghana was the Cedis and should be the […]