BUSINESS

Nigeria, others to benefit from Afreximbank’s $207m COVID-19 facility

Daily Dispatch March 18, 2022

The African Export-Import Bank on Friday in Cairo announced the finalization of a $207m facility granted by Nippon Export and Investment Insurance, the state-owned Japanese organisation focused on trade and investment. The facility will support the Bank’s broader response measures to the

BUSINESS

Nigeria’s debt N39.6 trillion and growing- DMO

Daily Dispatch March 17, 2022

The Debt Management Office (DMO) said on Thursday that the nation’s public debt has grown to US$95.779 billion or N39.556 trillion at the end of last year. Director-General of DMO, Ms. Patience  Oniha during a media briefing in Abuja said the amount represents the total external and domestic debts of the federal government, 36 state […]

BUSINESS

NDC demands immediate sack, prosecution of Kyari over missing 107,000,000 barrels of crude oil

Daily Dispatch March 16, 2022

Following revelations of missing 107,000,000 barrels of crude oil, in 2019 audit report by the Office of the Auditor-General of the Federation (OAuGF), against the Nigerian National Petroleum Corporation (NNPC), a group known as Niger Delta Congress (NDC) has called on President Muhammadu Buhari to immediately sack and prosecute the entire leadership of the NNPC. […]

BUSINESS

OnePipe, Fidelity Bank partner to launch PayGatePlus to accelerate online payments

Daily Dispatch March 16, 2022

Nigerian API and embedded finance startup, OnePipe has partnered with Fidelity Bank, one of Nigeria’s largest banks with an extensive network of branches to launch PayGatePlus, an enhanced version of PayGate, which is Fidelity Bank’s flagship gateway that enables businesses and merchants to collect online payments. Working with OnePipe as an innovation partner, Fidelity

BUSINESS NEWS

Buhari reappoints Olukayode Pitan as Bank of Industry CEO

Daily Dispatch March 15, 2022

President Muhammadu Buhari has authorized the extension of Olukayode Pitan’s appointment as managing director and chief executive officer of the Bank of Industry (BoI) for a another five years. The new appointment, which takes effect on May 27, 2022, was sent via a letter signed by the Secretary to the Government of the Federation, Mr […]

BUSINESS NEWS

Audit Query: Reps C’tee accuses NNPC of shielding subsidiaries from parliament’s summons

Daily Dispatch March 15, 2022

……..Vows To Publish Audit Queries In National Dailies……….GMD To Produce Heads of Affected Subsidiaries ….CFO The House of Representatives Public Accounts Committee, PAC on Wednesday accused the Nigeria National Petroleum Company, NNPC LTD of shielding its Subsidiaries from honouring several Parliament’s Summons extended to them over audit queries raised against them