BUSINESS

Nigeria to become Africa’s largest Avocado producer by 2030 – Obasanjo

Daily Dispatch August 24, 2020

Former President, Chief Olusegun Obasanjo has disclosed that Nigeria could be largest producer of Avocado crop by 2030 with the enthusiasm of the country’s farmers. Obasanjo made this disclosure when the Avocado Society of Nigeria (ASN) paid him a courtesy visit at his Olusegun Obasanjo

BUSINESS

NNPC Earns $378.42m From Crude Oil & Gas Export In June — Report

Daily Dispatch August 23, 2020

By NAN The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export earnings of $378.42 million in June, as against $133.16 million it posted in May 2020. The corporation disclosed this in its June Monthly Financial and Operations Report (MFOR) released on Sunday in Abuja. It said that the amount […]

BUSINESS

Court freezes 12 firms’ 65 accounts over alleged foreign exchange fraud

Daily Dispatch August 23, 2020

A Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to freeze all transactions in 65 bank accounts linked with 12 firms and a man suspected to be involved in the manipulation of the nation’s foreign exchange market. Justice Ahmed Mohammed gave the order while ruling was on the motion ex-parte […]

BUSINESS

NNPC now EITI supporting company- Kyari

Daily Dispatch August 18, 2020

By NAN The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari says the corporation has become an Extractive Industries Transparency Initiative (EITI) supporting company. Kyari announced this on his twitter account @MKKYARI on Tuesday. He said that with the development, the corporation had joined a group of over 65 extractives

BUSINESS

Inflation in Nigeria raises to 12.8 percent

Daily Dispatch August 17, 2020

Nigeria’s inflation hit a 27-month high of 12.82 per cent in July, 0.26 per cent higher than the 12.56 per cent recorded in June 2020. This is the highest rate recorded since March 2018 when headline inflation was 13.34 per cent and it marked the 11th consecutive month of escalation as a weakened currency and […]

BUSINESS

Breaking: Nigeria resumes international flights Aug 29 – Minister

Daily Dispatch August 17, 2020

The Minister of Aviation, Hadi Sirika, says international flights will resume on August 29, 2020. Sirika said this in a tweet on Monday. He tweeted, “Glad to announce the resumption of international flights from the August 29, 2020 beginning with Lagos and Abuja as we did with the domestic flight resumption. “Protocols and procedures will […]