BUSINESS

WTO suspends all meetings after staff member contracts virus

Daily Dispatch March 10, 2020

The World Trade Organization said Tuesday it would suspend all meetings until March 20 after one of its staff members contracted the new coronavirus. “We take the health of secretariat staff and our members very seriously which is why we have taken this unprecedented step,” Director-General

BUSINESS

FG commissions $1bn made in Nigeria vehicles

Daily Dispatch March 9, 2020

The Ministry of Industry, Trade and Investment in collaboration with the National Automotive Design and Development Council (NADDC) has commissioned one billion dollars worth of locally-assembled vehicles. The vehicles are locally produced by 17 companies including Coscharis, Nissan, Innoson, Ford and Elizade motors among others, that are pioneering made-in-Nigeria

BUSINESS

Investors lose N329bn on NSE, amid COVID-19 fear, fall in oil price

Daily Dispatch March 9, 2020

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a huge loss of N329 billion due to persistent fall in global oil price and rising cases of COVID-19. The News Agency of Nigeria (NAN) reports that the market capitalisation which opened at N13.694 trillion shed N329 billion to close at N13.365 […]

BUSINESS

Unaudited Accounts: Reps give former FMBN boss 48 hours to render account or face severe sanction ………summon CBN gov, others

Daily Dispatch March 9, 2020

The House of Representatives on Monday gave the immediate past Managing Director of the Federal Mortgage Bank of Nigeria, FMBN, Mr Richard Esin,a 48 hours ultimatum within which to render the Accounts of the Bank or face severe sanction The Chairman of the Committee, Rep. Wole Oke gave the directive in Abuja at the resumed […]

BUSINESS

Edo NACCIMA Business Women Group Holds International Women’s Day In Grand Style

Daily Dispatch March 9, 2020

By ABIODUN JIMOH, BENIN CITY Pharmacists Aina Omo-Ojoenu, Edo State Coordinator, Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Business Women Group (NAWORG) has remarked that women were not in direct competition with their male counterpart, but only want to complement each other. She stated this in her address during the 2020 […]

BUSINESS

Fuel subsidy gulped N43.09bn in one month – PPPRA

Daily Dispatch March 5, 2020

The Petroleum Products Pricing Regulatory Agency (PPPRA) has disclosed that the federal government paid a total of N43.09 billion as fuel subsidy on Premium Motor Spirit (PMS) or petrol in the month of January 2020. This means that in January, the government paid an average N26.27 on every litre of the commodity to enable Nigerians […]