BUSINESS NEWS

IMF approves aid for world’s 28 poorest countries

Daily Dispatch October 6, 2020

By AFP The International Monetary Fund on Monday approved new emergency aid for 28 of the world’s poorest countries to help them alleviate their debt and better cope with the impact of the coronavirus pandemic. The announcement, which follows a similar measure passed in mid-April for 25

BUSINESS

IATA: COVID-19 will dip Africa’s GDP by $37b

Daily Dispatch October 5, 2020

The International Air Transport Association (IATA) has warned that the damage being done to the African aviation industry and the continent’s economies because of COVID-19 will trigger a dip in the continent’s Gross Domestic Product (GDP) by over $37 billion. A new data published by the Air Transport Action Group of which IATA is a […]

BUSINESS

Emefiele, others to discuss emerging financial stability risks

Daily Dispatch October 5, 2020

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, and the Director-General of the Securities and Exchange Commission (SEC), Mr Lamido Yuguda, will on Thursday join others to discuss some emerging financial stability risks and the policies that can be formulated to address them. The event is organised by the Nigerian Stock Exchange […]

BUSINESS

Domestic refinery owners support oil subsidy removal – Official

Daily Dispatch October 4, 2020

The Domestic Refinery Owners Association of Nigeria (DROAN), have thrown their weight behind the Federal Government’s removal of oil subsidy in the country. The National Chairman of the association, Mr Godwin Sunday, made this known in a press conference organised by the association in Uyo on Saturday. Sunday said that the association was in full […]

BUSINESS

Alert: Major petroleum pipeline leakage discovered in Lagos

Daily Dispatch October 2, 2020

The Lagos State Emergency Management Agency has been informed of a major petroleum pipeline leakage at ABULE-SOBA, around Festac Town, Amuwo Odofin Local Government Area, Lagos State, Nigeria. The agency and other first responders remain on high alert. The NNPC has been informed of the incident. Members of the public are cautioned to proceed with […]

BUSINESS

Chevron Nigeria to sack 25% of workforce

Daily Dispatch October 2, 2020

Chevron Nigeria Limited has said it will slash its workforce by 25 per cent as it is reviewing its manpower requirements in the light of the changing business environment. CNL disclosed this on Friday in a statement entitled ‘Chevron Nigeria Limited reviews workforce in accordance with business exigencies’. The oil major said it would continue […]