BUSINESS

Cryptocurrencies unregulated, prone to financial crimes – CBN

Daily Dispatch February 8, 2021

Following reactions trailing a recent Central Bank of Nigeria (CBN) directive to Deposit Money Banks (DMBs) to desist from cryptocurrencies transactions, the apex bank has clarified that the intention is to ensure accountability. Making the clarification in a statement in the CBN official

BUSINESS

Shell threatens to exit Nigeria over incessant oil theft, others

Daily Dispatch February 7, 2021

One of the big international oil companies, Royal Dutch Shell, may consider reducing or even putting an end to its operations onshore Nigeria if certain issues persist. The chief executive of Shell, Mr Ben van Beurden, said the management will take a “hard look” into its business in Nigeria, the largest producer of crude oil […]

BUSINESS

Ban On Crypto: CBN has dealt fatal blow on terrorist financing in Nigeria, Africa – ACJHR

Daily Dispatch February 7, 2021

The African Centre for Justice and Human Rights (ACJHR) has Described the ban on crypto by the Central Bank of Nigeria (CBN) as a fatal blow on terrorist financing, money laundering and illicit transactions. Expressing delight at the recent policy introduced by the nation’s apex bank, that asked Deposit Money Banks, Non-Financial Institutions, and other […]

BUSINESS

21, 000 farmers to benefit from NALDA intervention in Adamawa – Coordinator

Daily Dispatch February 3, 2021

No fewer than 21,000 young farmers in Adamawa are to benefit from the National Agricultural Land Development Authority (NALDA) intervention aimed at increasing food production. Mr Zachariya Kraha, NALDA Coordinator in Adamawa, disclosed this while speaking with the News Agency of Nigeria (NAN) in Yola on Wednesday. Kraha said 1,000 farmers from each of the […]

BUSINESS

Equalisation deal will deepen gas utilisation in Nigeria – IPMAN President

Daily Dispatch January 31, 2021

The Independent Petroleum Markerters Association of Nigeria (IPMAN) says the deal it signed with the Petroleum Equalisation Fund (PEF) will deepen gas utilisation in the country. IPMAN President, Mr Chinedu Okoronkwo, said this in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos. Okoronkwo said the deal which was signed recently […]

BUSINESS

Rice processors appeal to FG to criminalise foreign rice sales

Daily Dispatch January 31, 2021

The Rice Processors Association of Nigeria (RPAN) has appealed to the Federal Government to criminalize the sales of foreign rice in the country. The Director-General of the association, Mr Andy Ekwelem stated this while addressing newsmen in Abuja on Saturday over the influx of smuggled rice into the country. Ekwelem cautioned if the government did […]