BUSINESS

Nigerian Judge to Shoprite: You have $10m to pay before leaving Nigeria

Daily Dispatch August 17, 2020

The Federal High Court in Lagos has made an order stopping Shoprite Checkers (PTY) Limited from disposing of or transferring its assets out of jurisdiction or to a third party over a $10 million judgment sum. Shoprite two weeks ago announced its intention to exit Nigeria, However Justice

BUSINESS

Capacity Building: SME Operators Commend Polaris Bank and Facebook on Empowerment Initiative

Daily Dispatch August 17, 2020

A cross-section of business owners who participated in the just-concluded capacity building programme organised for SMEs, have commended Polaris Bank and social media giant Facebook for giving them the free opportunity to acquire new skills on how to grow their businesses, leveraging technology. The virtual digital marketing seminar, which had over 5000 SMEs as

BUSINESS

Ghana: Why we locked up shops of Nigerian traders

Daily Dispatch August 16, 2020

The Ghanaian government has reacted to the closure of some shops owned by Nigerians based in the country. Nigerian traders in Ghana raised the alarm over the closure of their shops. Chukwuemeka Nnaji, president of the Nigerian Traders Union in Ghana, had said shops belonging to Nigerians in Accra were locked up by Ghanaian authorities […]

BUSINESS

NANTS urges FG, others, to address Ghanaian authorities attack on Nigerian traders

Daily Dispatch August 16, 2020

The National Association of Nigerian Traders (NANTS), has called on well meaning Nigerians and credible leaders, to do something about the perennial attack on Nigerian traders in Ghana by Ghanaian authorities. Dr Ken Ukaoha, NANTS President, made the call in a statement  in Abuja, while reacting to the viral video clips of the Saturday humiliation […]

BUSINESS

Lagos reduces e-hailing licence fee, reverses 10% service charge

Daily Dispatch August 14, 2020

Lagos State government on Friday reversed the 10 per cent service charge it planned to impose on every trip made through e-hailing platforms like Uber and Bolt. The Commissioner for Transport, Dr Frederic Oladeinde, said the state government has reached an agreement with operators to now charge N20 per trip instead of 20 per cent […]

BUSINESS INTERNATIONAL NEWS

UK economy in recession for first time in more than 10 years

Daily Dispatch August 12, 2020

The United Kingdom’s economy shrunk by a record 20.4% in the second quarter of 2020, plunging the country into recession for the first time since 2008. The 20.4% decline in Q2, which followed a 2.% drop in Q1, is the deepest slump the economy has since s1954, The Guardian reported on Wednesday morning.