BUSINESS

IMF approves final round of debt relief for poor countries

Daily Dispatch December 21, 2021

The IMF said Monday it had approved the fifth and final round of debt relief under a programme meant to help the world’s poorest nations weather the Covid-19 pandemic. The $115 million in relief under the Washington-based crisis lender’s Catastrophe Containment and Relief Trust (CCRT) affects

BUSINESS

Togo, Benin, Niger paid nothing for Nigeria’s electricity in Q2 2021 – NERC

Daily Dispatch December 20, 2021

The Nigerian Electricity Regulatory Commission (NERC) has said that three neighbouring countries did not make any payment for the second quarter of 2021. In its recently released Second Quarter Report 2021, the NERC revealed that the countries (Togo, Benin Republic, and Niger) and some other special customers were issued a total bill of N770m by […]

BUSINESS

Ogun promises enabling environment, good governance for private sectors

Daily Dispatch December 18, 2021

The Ogun State Commissioner for Finance and Chief Economic Adviser to the governor, Mr. Dapo Okubadejo had said that the State government has became the fastest economy through its focus on new state’s acronym ‘ISEYA’, Infrastructure, Social Well-being, Education, Youth Development and Agriculture developmental agenda. Okubadejo said this at the maiden

BUSINESS

Nigerian federal, states, local govts share N676 billion for November

Daily Dispatch December 18, 2021

The Nigerian federal, states and local governments shared N675.946 billion from the federation account for November on Friday. Olajide Oshundun, spokesman for the Ministry of Finance, Budget and National Planning, stated this on Saturday in Abuja. The federal government received N261.441 billion of the money, while states and local councils got N210.046 billion and

BUSINESS

Headline inflation decreases in November to 15.40% – NBS

Daily Dispatch December 16, 2021

Headline inflation decreased by 0.59 per cent to 15.40 per cent in November, the Statistician-General of the Federation, Mr Simon Harry said. Harry made the announcement on Wednesday in Abuja during a media conference. He also stated that the rebasing of the nation’s economy would take place in 2022 after completing the National Agricultural Sample […]

BUSINESS

Otedola spends N2.3bn to acquire First Bank shares in three days

Daily Dispatch December 16, 2021

Billionaire businessman, Femi Otedola, has continued to restlessly purchase the shares of First Bank of Nigeria (FBN) in his bid to consolidate his shareholding status in the bank. In three days last week, Otedola spent N2.304 billion to purchase 200 million Ordinary Shares of FBN Holdings Plc, the parent company of First Bank. In a […]