BUSINESS

Buhari to CBN: Don’t give Kobo for food, fertilizer imports

Daily Dispatch September 10, 2020

President Muhammadu Buhari on Thursday ordered the Central Bank of Nigeria ”not to issue a kobo” of the country’s reserves for the importation of food items and fertilizer. Malam Garba Shehu, one of the President’s spokesmen, in a statement in Abuja on Thursday, said the president gave the

BUSINESS

Private equity: FBNQuest Funds invests over N20bn in 70 firms

Daily Dispatch September 9, 2020

FBNQuest Funds, the merchant banking and asset management arm of FBN Holdings Plc, on Wednesday said that it had invested over N20 billion in private equity since 2003. The company’s Vice President, Alternative Investments, Mr Christian Ekpo, disclosed this at a virtual FBNQuest engagement session organised to provide some industry insights into its business. Incorporated

BUSINESS

How Reduction Of Rates Affects FCMB’s Customers

Daily Dispatch September 9, 2020

First City Monument Bank (FCMB) has applied an across the board reduction in interest rates on all its consumer loan products, the bank said in a statement. The reduction, which took effect from August 12, 2020 applies to all Salary Plus Loans, including Premium Salary Plus, Auto Loans and Home Loans, of FCMB, whether they […]

BUSINESS

Nigeria’s border closure not good for regional trade, says NESG

Daily Dispatch September 9, 2020

The Nigerian Economic Summit Group (NESG), has charged the Nigerian Government to speed up plans of reopening closed land borders. The group in a statement titled “Matters of Urgency” said “expedite actions” should be taken on the “closed borders given its negative impact on trade and employment.” Nigerian Government said the borders were closed to […]

BUSINESS

Inadequate rain, big challenge for SW farmers — AFAN

Daily Dispatch September 8, 2020

John Olateru, Oyo State Chairman, All Farmers Association of Nigeria (AFAN), on Tuesday said that inadequate rainfall was a big challenge for farmers in the South-West this year. Olateru told the News Agency of Nigeria (NAN) in Ibadan that all the crops planted by farmers had dried up due to lack of rainfall. “Farmers have […]

BUSINESS

Nigeria has 2,400 Coys, 6,900 products under ECOWAS scheme – Official

Daily Dispatch September 7, 2020

By NAN Nigeria has over 2,400 companies, as well as over 6,900 products under the Economic Community of West African States (ECOWAS) Trade Liberalisation Scheme (ETLS). The News Agency of Nigeria (NAN) reports that the ETLS is a trade instrument designed by the Economic Community of West African States (ECOWAS). NAN report that the scheme […]