BUSINESS

NSE market indices gain 0.07%

Daily Dispatch August 31, 2020

The nation’s on Monday closed the last trading day of August with a growth of 0.07 per cent, following sustained positive sentiment. Specifically, the All-Share Index rose by 17.76 points or 0.07 per cent to close at 25, 327.13 compared with 25,309.37 achieved on Friday. Similarly, the market

BUSINESS

‘Kebbi rice farmers lost N1bn to flood’

Daily Dispatch August 30, 2020

By NAN Kebbi State Government says it has lost about N1 billion worth of rice and other farm produce to ravaging flood recorded in different parts of the state. The government also urged the Federal Government to construct dam to address perennial flooding in the state. Attahiru Maccido, the state’s Commissioner for Agriculture made the […]

BUSINESS

DANGOTE CEMENT, ACCESS BANK, ZENITH BANK halt bullish trend, as ASI drops by 0.10%

Daily Dispatch August 27, 2020

Stock bears halted the recent bullish trend during Thursday’s trading session on Nigerian Stock Exchange. The All Share Index dropped by -0.10% to close at 25,330.10 basis points, as against +0.15% appreciation recorded previously. The Nigerian bourse’s market capitalization presently stands at N13.200 trillion, while its Year-to-Date (YTD) returns currently stands at

BUSINESS

COVID-19: FAAN loses N17.5b in 23 weeks

Daily Dispatch August 26, 2020

The Federal Airports Authority of Nigeria (FAAN) said it lost N17.5billion of aeronautic charges in 23 weeks and incurred N1.4 billion loss of non-aeronautic charges between April and June, 2020. Its Managing Director, Capt. Hamisu Yadudu who disclosed this at a virtual stakeholders meeting said the agency’s Internally Generated Revenue (IGR) dipped by over 90 […]

BUSINESS

CBN asks banks to submit names of exporters who don’t repatriate export proceeds

Daily Dispatch August 25, 2020

The Central Bank of Nigeria (CBN) has directed banks to provide the submit the names, addresses and bank verification numbers (BVN) of exporters that have defaulted in repatriating their exports proceeds, for further action. In a statement signed on Tuesday by Ozoemena Nnaji, director of CBN trade and exchange department, the apex bank said the […]

BUSINESS

Kyari lists parametres for sustainable growth in Nigeria’s petroleum industry

Daily Dispatch August 25, 2020

For the Nigerian Petroleum Industry to move forward in the face of the COVID-19 pandemic, the Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mallam Mele Kyari, Tuesday, urged the Industry stakeholders to evolve innovative ways to reposition the Sector for sustainability. The NNPC GMD, speaking at the opening ceremony of the Society of Petroleum