BUSINESS

FG to boost digital economy with $600m innovation fund

Daily Dispatch November 16, 2021

The Federal Government has revealed plans to boost the digital economy with a $600m Innovation Fund from the African Development Bank (AfDB). Vice President Yemi Osinbajo stated this on Monday during a virtual interaction at the World Economic Forum (WEF) Country Strategy Dialogue on Nigeria.

BUSINESS

AFCFTA ‘ll increase revenue, jobs creation, says VP Osinbajo

Daily Dispatch November 15, 2021

Vice president Yemi Osinbajo has said the African Continental Free Trade Area (AFCFTA) agreement will assist in increasing revenues and jobs creation for young population in Africa. Vp Osinbajo made this known on Monday at the fourth Edition of the National Tourism Transportation Summit and Exhibition in Abuja. Theme of the summit was: “Tourism Transportation […]

BUSINESS

Nigeria’s inflation drops further to 15.99% in October

Daily Dispatch November 15, 2021

The Consumer Price Index (CPI) which measures inflation increased by 15.99 per cent (year-on-year) in October 2021, the National Bureau of Statistics (NBS) has revealed. While the country recorded a higher figure in October compared to last year, the inflation rate dropped for the seventh straight month. In a report titled ‘Consumer Price Index October […]

BUSINESS

FCT-IRS disowns fake appointment letters in circulation

Daily Dispatch November 15, 2021

The Federal Capital Territory-Internal Revenue Service (FCT-IRS) has disowned fake appointment letters being circulated in the name of the service with the intention to defraud unsuspecting Nigerians. Head, Corporate Communications, FCT-IRS, Malam Mustapha Sumaila, made this known in a statement, on Sunday, in Abuja. Sumaila, who said that FCT-IRS was not presently

BUSINESS

Nigeria Industrialization Summit and Expo open in Abuja on Monday, target national development, poverty reduction

Daily Dispatch November 12, 2021

The first Nigeria Industrialization Summit and Expo will open on Monday (November 15, 2021) at Transcorp Hilton Hotel in Abuja as part of concerted plans to bolster national development. The Summit and Expo are organized by the Federal Government of Nigeria (represented by the Ministry of Budget and National Planning), the African Development Bank (AfDB) […]

BUSINESS

$450bn refinery investments coming to Nigeria, others- OPEC

Daily Dispatch November 10, 2021

The Organisation of Petroleum Exporting Countries on Tuesday said about $450bn worth of new refinery projects and expansion of existing units would be invested in Nigeria and other developing nations. It said the investments were part of the estimated $1.5tn that would be invested in the downstream sector of the oil and gas industry from this […]