BUSINESS

FG stakes N52.7 billion to clear petrol bridging debt

Daily Dispatch February 3, 2022

To sustain the supply of premium motor spirit (PMS) in the country, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stated that it has paid over N22 billion as part of the backlog owed to petroleum products transporters in the country. According to the

BUSINESS

FG approves resumption of flights between Nigeria, UAE

Daily Dispatch February 2, 2022

The Federal Government has approved the resumption of scheduled passenger flights between Nigeria and the United Arab Emirates (UAE). This is contained in a statement by the Nigerian Civil Aviation Authority (NCAA), Director-General, Capt. Musa Nuhu. The NCAA said the Minister of Aviation, Sen. Hadi Sirika, approved reinstatement of Emirates Airlines winter schedule with

BUSINESS

‘Suspension of PIA will deepen uncertainties in downstream sector’

Daily Dispatch February 2, 2022

The Chairman, Major Oil Marketers Association of Nigeria (MOMAN), Olumide Adeosun, has stated that the Federal Government’s suspension of the Petroleum Industry Act (PIA) would create more uncertainties in the nation’s downstream sector. Adeosun stated this on the sidelines of MOMAN’s subsidy workshop for journalists. He urged the present administration to be consistent

BUSINESS

243 firms jostle for CBN’s multibillion naira loan scheme

Daily Dispatch February 2, 2022

The Central Bank of Nigeria has disbursed a total of N23.2bn to 28 firms whose projects satisfied the apex bank’s criteria for ‘100 for 100 Policy for Production and Productivity.’ It disclosed that this was after 243 firms submitted applications with projects valued at N321.06bn for the 100 by 100 loan scheme. The CBN Governor, […]

BUSINESS

Emefiele Urges Rice Millers to Embrace Backward Integration PolicyKAN

Daily Dispatch February 2, 2022

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has urged rice mills in the country to embrace the Bank’s backward integration initiative aimed at conserving foreign exchange reserves, revamping local production capacity and creating employment. Speaking at the inauguration of the Garewa Rice Mill in Kano, Kano State, on Tuesday, February 1, 2022, […]

BUSINESS

FG pledges to assist fish farmers to increase production

Daily Dispatch February 1, 2022

The Minister of Agriculture and Rural Development, Dr Mohammad Abubakar, has pledged Federal Government’s assistance to the fishery value chain to boost production. Abubakar made the pledge when the leaders of the National Fish Association of Nigeria (NFAN) visited him in Abuja. Describing fish as very important in the agricultural sector of the economy, he […]