BUSINESS

Makinde flags off Oyo N1 Billion MSME Development Scheme

Daily Dispatch June 19, 2020

….Says scheme will stimulate state’s economy post-COVID-19 Governor of Oyo State, Engineer Seyi Makinde, on Friday, flagged off a N1 billion Oyo State Micro, Small and Medium Enterprises Development Scheme, as part of interventions targeted at stimulating the economy of the state after

BUSINESS TOP STORIES

NNPC’s three refineries incur N154billion loss

Daily Dispatch June 15, 2020

The Nigerian National Petroleum Corporation (NNPC) has revealed that its three refineries reported a combined operating loss of N154 billion, with the Kaduna refinery bringing in zero revenue in 2018. This was contained in the national oil company’s audited financial statements for 2018 published on its website in a bid to improve transparency around its […]

BUSINESS

Dangote puts Nigeria on the world map….exports 27, 800 metric of clinker

Daily Dispatch June 15, 2020

Dangote Cement has put Nigeria on the world map with the exportation of 27,800 metric tonnes of clinker to a neighbouring African country, reaffirming its status as Africa’s biggest cement producer. With this historic maiden voyage from its Export Terminal in Lagos Apapa Port at the weekend, Dangote has made Nigeria an exporter of cement […]

BUSINESS

COVID-19 Intervention Fund: CBN disburses N107.45 billion to successful beneficiaries

Daily Dispatch June 9, 2020

The  Central Bank of Nigeria (CBN) has disbursed the total sum of N107.45 billion to beneficiaries from the N1.15 trillion Covid-19 Pandemic Intervention Funds so far, according to data provided by the bank from the Monetary Policy Meeting for May 2020. The Bank announced that under the N100 billion Healthcare Sector fund, N10.15 billion has been disbursed […]

BUSINESS

MTN records largest, commercial paper issuance in Nigeria’s corporate history

Daily Dispatch June 9, 2020

MTN Nigeria Communications Plc. has today, announced to the public, its successful Commercial Paper Issuance (series 1 & 2) under its N100 billion Commercial Paper (“CP”) Issuance Programme.  MTN Nigeria Communications Plc. (CP 1) had a tenor of 180 days and 270 days (CP 2) with an effective yield of 4.90% for a N20 billion size (CP1) and

BUSINESS

Jaiz Bank Posts N2.4bn Profit, Deepens Support For MSMEs

Daily Dispatch June 5, 2020

It is indeed a season to clink glasses, backslap and smile for Nigeria’s foremost Islamic financial institution, Jaiz Bank Plc, courtesy of the N2.4 billion Naira declared by the management as its Profit After Tax (PAT) for the period ended December 31, 2019. According to its recently published 2019 audited results, the premier non-interest Bank […]