BUSINESS

Dangote Cement to pay shareholders N16 per share dividend

Daily Dispatch March 22, 2021

Dangote Cement Plc said it would pay shareholders N16 for every share held in the company for 2020 financial year, translating to a total dividend payout of N272.648 billion, a note published on the Nigerian Stock Exchange (NSE) on Friday and seen revealed. The cement maker has been paying

BUSINESS

NCAA accuses Azman Air of serial violations of safety regulations

Daily Dispatch March 22, 2021

The Nigerian Civil Aviation Authority of Nigeria (NCAA) has given graphic and serious violation of safety regulations by Azman Air. The NCAA on Friday told newsmen that over a period of about six weeks, Azman Air Boeing 737 aircraft operating scheduled passenger flights were involved in three separate incidents, resulting in damage to the aircraft […]

BUSINESS

How Nigeria’s economy suffers $14.2bn

Daily Dispatch March 22, 2021

Due to delay in cargo delivery, cargo diversions and high demurrage charges at the seaports, Nigeria’s economic growth has suffered a whopping $14.2 billion, estimation by the African Centre for the supply chain has revealed. The group said these port challenges lead to loss of revenue by the Nigeria Customs Service (NCS). The ACSC Practitioners, […]

BUSINESS

CBN announces ₦6.98 charge for USSD transactions

Daily Dispatch March 16, 2021

The Central Bank of Nigeria (CBN) has imposed ₦6.98 service charge on Nigerians for all USSD transactions. Customers will pay a flat fee of N6.98 per transaction every time they use USSD services from March 16, a statement jointly signed by the apex bank and the Nigerian Communications Commission (NCC) said. The deal was part […]

BUSINESS

Polaris Bank pays Extra N5 for every Dollar remitted to Nigeria

Daily Dispatch March 15, 2021

Polaris Bank has commenced implementation of the regulatory Central Bank of Nigeria (CBN)’s extra N5 for every Dollar received into domiciliary accounts or as cash over the counter. The acting Managing Director/CEO of Polaris Bank, Mr. Innocent C. Ike disclosed that “growing evidence has shown a positive relationship between diaspora remittances and economic growth

BUSINESS

Polaris bank set to unveil second millionaire, other winners in its ‘save & win’ promo

Daily Dispatch March 8, 2021

Polaris Bank is set to unveil the second set of winners in its ongoing Save & Win Millionaire  promo. At the maiden draw which took place on February 9, 2021 Mr. Lucky Okunzuwa, a customer with the Bank’s Akpakpava branch, Benin City in Edo State, emerged as the first millionaire of the promo.   In a statement issued by the […]