BUSINESS

Nigeria external reserves rises to $40billion…CBN

Daily Dispatch March 28, 2022

The Central Bank of Nigeria has confirmed that the country’s external reserves  has risen from  $33billion in March 2021 to $40billion in 2022. The apex Bank added that over twelve million jobs were created while  significant improvement have been recorded  in the diaspora inflow from

BUSINESS

NNPC weekly: Buhari moves to end crude oil theft, pipeline vandalism

Daily Dispatch March 27, 2022

The weekly activities of the Nigerian National Petroleum Company (NNPC) Limited started with a move by President Muhammadu Buhari to end crude oil theft in the country. To this end, Buhari ordered the Minister of State for Petroleum Resources, Chief Timipre Sylva and the Group Managing Director (GMD) of the NNPC, Malam Mele Kyari, to […]

BUSINESS

FG unveils maize pyramids amidst food scarcity

Daily Dispatch March 25, 2022

The federal government on Thursday unveiled the second national maize pyramids in Kaduna State. In his keynote address at the ceremony, President Muhammadu Buhari said the gesture is part of the objective of his administration for the country to be food and nutritionally secured. The reality however is that food has remained one essential need […]

BUSINESS

Emefiele explains Naira stability at I&E window

Daily Dispatch March 24, 2022

Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN) says the discontinuation of FX allocation to Bureau De Change operators had helped the Naira to remain stable at the Investors and Exporters Window (I&E) window. Emefiele said this at the 32nd Seminar organised by the CBN, for Finance Correspondents and Business Editors, on Thursday in […]

BUSINESS

Customs generates N10.1bn in Kano, Jigawa in 3 months – Controller

Daily Dispatch March 24, 2022

Nigeria Customs Service (NCS), Kano/Jigawa Command, says it generated over N10.1 billion revenue between January and March. The Area Controller of NCS, Mr Muhammad Abubakar-Umar, made the disclosure at a news briefing on Thursday in Kano. He said that the figure was higher than the N7.6 billion collected within the period last year, saying that […]

BUSINESS

22 ships discharge petrol, others at Lagos ports

Daily Dispatch March 24, 2022

The Nigerian Ports Authority (NPA) on Thursday said that 22 ships at the Lagos Port Complex were discharging petrol and others. The NPA in its daily Shipping Position said that the ships were discharging bulk wheat, general cargo, container, frozen fish, ethanol, automobile gasoline, base oil, butane gas, bulk urea and petrol. The authority said […]