BUSINESS

Stakeholders insist banks must help restore stability to Nigeria’s Economy

Daily Dispatch September 16, 2020

Banking stakeholders have in unison insisted that banks must play a critical role to restore the Nigerian economy from the negative effects of COVID-19. Speaking at the Chartered Institute of Bankers of Nigeria (CIBN) 13th Annual Bankers Conference in Abuja, the bank chiefs that included Godwin

BUSINESS

NNPC’s Legal Team Bags Africa Arbitration Award

Daily Dispatch September 16, 2020

The Litigation Team of the Nigerian National Petroleum Corporation (NNPC) has won the Leading Case Counsel Team of the 2020 Africa Arbitration Awards. A press release by the Corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, states that the award was given to the NNPC Litigation Team in recognition of its stellar […]

BUSINESS

Nigeria will get justice for its citizens in Ghana – Osinbajo

Daily Dispatch September 16, 2020

Vice President, Yemi Osinbajo has assured that Nigerian traders facing stiff business regulation imposed by Ghana will get justice. In August, authorities sealed their shops over a $1million equity stipulated by the Ghana Investment Promotions Council. At a meeting with representatives of the Nigerian community in Ghana, Osinbajo said the government was looking into the

BUSINESS

Arik Air resumes operations

Daily Dispatch September 15, 2020

he management of Arik Air has announced the resumption of normal flight operations after Monday’s disruption by some workers unions. Mr Adebanji Ola, the Communications Manager of Arik Air announced the resumption on Tuesday. Earlier on Monday, aviation unions had shutdown operations of the airline over alleged non-payment of staff salaries since April. The Unions […]

BUSINESS

Nigeria’s inflation hits 13.22%, records biggest monthly increase in 2020

Daily Dispatch September 15, 2020

The nation’s inflation rate has recorded its biggest increase so far this year, rising to 13.22 per cent in August, the National Bureau of Statistics said on Tuesday. The 13.22 per cent inflation rate is the highest since April 2018, the NBS data showed. The NBS, in its latest consumer price index report, said, “The […]

BUSINESS

SEC issues guidlines for cryptocurrency operations in Nigeria

Daily Dispatch September 14, 2020

The Securities and Exchange Commission (SEC) has considered cryptocurrencies as digital assets and will, therefore, make it acceptable and put it under its strict regulations. In a document released on Monday regulator said its regulation will ensure that the use of digital assets is operated in a manner that is consistent with investor protection, the interest of the […]