BUSINESS NEWS

FG begins payment of N30,000 grants to artisans

Daily Dispatch October 27, 2020

The Presidency on Tuesday said the payment of N30,000 one-time grant to 330,000 artisans across the country under the Economic Sustainability Plan has commenced. The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, disclosed this in a statement titled

BUSINESS

Residents groan as banks, businesses shut down in Abuja

Daily Dispatch October 27, 2020

Many shops, banks and filling stations among other businesses were shut in the Federal Capital Territory (FCT), Abuja, it was observed on Tuesday. In many areas like Kubwa, Kuje, Gwagwalada, Dutse, Apo, Wuse and Garki among others, majority of the businesses were closed, making the city lifeless. Places like Bannex in Wuse and Apo Junction […]

BUSINESS

#EndSARS Protests: YNorth Seeks Business Protection From FG, Kwara, Osun, Lagos From Major Collapse, Losses N38 Million

Daily Dispatch October 25, 2020

The management of Y North, a Nigerian largest Indigenous fashion brand has called on the Federal Government, governor’s of kwara, Osun and Lagos to come to their aid as the company have lost goods worth over 38million naira. The Managing Director of Y North, Mr Babalola Oluwaseun Bamiro said suspected hoodlums burgled his store in […]

BUSINESS

Reps to begin debate on PIB Tuesday

Daily Dispatch October 19, 2020

Agency Report The House of Representatives will on Tuesday begin debate on the Petroleum Industry Bill (PIB) forwarded to the National Assembly recently by President Muhammadu Buhari. The bill which seeks a comprehensive reform of the oil and gas sector has been in the National Assembly for the past twenty years with successive members failing […]

BUSINESS

CBN freezes 15 textile smugglers accounts

Daily Dispatch October 15, 2020

The Central Bank of Nigeria (CBN) has frozen the accounts of 15 textile smugglers across the country. Deputy Governor Corporate Services of the CBN Mr. Edward L. Adamu made this disclosure at a stakeholders meeting of Cotton, Textile and Garment (CTG) associations in Abuja on Thursday. Adamu noted that CBN’s intervention in the Cotton, Textile […]

BUSINESS

Breaking: N75b Youth Investment Fund ready, portal opens for applications

Daily Dispatch October 14, 2020

The application portal for the N75 Billion Nigeria Youth Investment Fund, NYIF is now officially open. The Fund announced the take-off of the fund today, even as the youth are busy waging a campaign to end SARS and SWAT. “Dear Nigerian Youth, “We appreciate your recent actions against oppression and Brutality. However, while you’re figting […]